17:33 - 2.03.2026

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March 2, Fineko/abc.az. According to S&P Global Ratings’ forecast, real GDP growth of Azerbaijan in 2026 will be about 1.7%, ABC.AZ reports, referring to S&P Global Ratings.

"Azerbaijan's economy is focused on the oil & gas sector and, therefore, is vulnerable to adverse changes in hydrocarbon prices. S&P expects real GDP growth to remain moderate - nearly 1.7% in 2026, which is comparable to the 2025 figure - and to be relatively weak in the next few years, even with stable political and external conditions. Growth continues to be driven by the non-oil sector, while hydrocarbons continue to restrain overall production amid lower prices and lower production," agency's report says.

S&P also predicts that credit growth will slow to 10-12% in 2026-2027, comparable to the 2025 figure and compared with average annual growth of 18% over the previous four years, supported by regulation.

"We expect that at the systemic level, Stage 3 loans under International Financial Reporting Standards will remain in the range of 4.5–5.0% in 2026-2027," the report says.