ADB: Azerbaijan's upcoming economic growth to be 4.7%

15:34 - 20.12.2022


December 20, Fineko/abc.az. The growth of Azerbaijan’s real GDP this year is projected at 4.7%, ABC.AZ reports, referring to the Asian Development Bank,

The ADB report says that economic growth next year will be 3.5%, in 2024 - 3%, in 2025 - 2.8%, and in 2026 - 3.2%.

In addition, annual inflation this year is projected at 5.2%. According to ADB, in 2023-2026, inflation in Azerbaijan will decrease from 4% to 3.2%.

Besides, the report says that the forecast for Azerbaijan's external debt for this year is $20.2 bn.

It is noted that by 2026 this figure will amount to $25.6 bn (in 2023 - $20.7 bn, in 2024 - $22.6 bn, in 2025 - $23.9 bn).