15:16 - 5.12.2024

---

December 5, Fineko/abc.az. Dutch banking group ING Group forecasts Azerbaijan's GDP growth of 4.2% in 2024, 2.6% in 2025 and 2.8% in 2026.

ABC.AZ informs that this is stated in the data published by the Group.

ING Group improved its forecast for 2024 by 0.7 percentage points, and left it unchanged for 2025-2026.

ING forecasts GDP growth in Azerbaijan of 3% in the 4th quarter (5.4% growth in the 3rd quarter). The forecast of economic growth for Q1 of 2025 is 2%, for Q2 - 2.5%, for Q3 and Q4 - 3% each.

According to the State Statistics Committee, Azerbaijan's GDP growth for Jan-Oct 2024 made up 4.9%.

According to Azerbaijani government’s forecast, GDP growth in 2024 is expected to be 4.2%, in 2025 - 3.5%, in 2026 - 2.8%, in 2027 - 3.8%, in 2028 - 3.3%.

According to UN forecasts, Azerbaijan's GDP growth will be 3.8% this year and 2.8% in 2025.

According to World Bank estimates, GDP production in Azerbaijan will grow by 3.2% this year, by 2.7% in 2025 and by 2.4% in 2026.

The IMF forecasts Azerbaijan's GDP growth at 3.2% this year, 2.5% in 2025, and 2.4% in 2029.

According to the EBRD forecast, GDP growth in Azerbaijan will be 3.1% in 2024 and 2.7% in 2025.

ADB forecasts economic growth in Azerbaijan at 2.7% in 2024 and 2.6% next year.

According to forecasts of S&P Global Ratings, Azerbaijan's GDP will make up 2.5% in 2024, 2% in 2025, 1.5% in 2026, and 1.5% in 2027.

Moody's forecasts acceleration in Azerbaijan's real GDP growth from 1.1% in 2023 to 2.1% in 2024.

Fitch Ratings predicts that country's economy will recover to 3.2% this year, but slow down to 2.7% next year and 2.3% in 2026.