17:59 - 15.05.2026

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May 15, Fineko/abc.az. ING Group, the largest banking group in the Netherlands, predicts that economic growth in Azerbaijan will be 2.2% in 2026 and 3% in 2027, ABC.AZ reports, referring to ING Group.

Compared with previous forecasts, GDP growth rate for the current year decreased by 0.3 percentage points and remained at the same level for 2027.

ING Group estimates that Azerbaijan's economic growth forecast for Q1 of 2026 is -0.3%, for Q2 - 2.5%, for Q3 - 4%, and for Q4 - 2.5%.

In addition, economic growth is projected at 3% in the 1st quarter, 3.5% in the 2nd quarter, 2% in the 3rd quarter and 3.5% in the 4th quarter of 2027.

According to Central Bank of Azerbaijan’s forecasts for May 2026, country's economic growth rate in real terms this year will make up 1.1% of overall GDP and 3.2% of non-oil/gas GDP.

At the same time, the CBA forecasts that economic growth rates in 2027 in real terms on the general and non-oil/gas sectors will be 3.2% and 4.7%, respectively.