20:19 - 4.11.2026

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November 4, Fineko/abcnews. Presenting the draft law "On the State Budget of the Republic of Azerbaijan for 2027" in its first reading at the parliamentary committee meeting, Minister of Finance Sahil Babayev announced that Gross Domestic Product (GDP) is projected at AZN 141 billion for the next year, reflecting a 2.7% real growth rate compared to 2026.

The minister noted that non-oil/gas GDP is expected to reach AZN 109.1 billion, expanding by 4.4% in real terms. He emphasized that over the five-year period from 2023 to 2027, non-oil/gas GDP will hit a growth target of AZN 30 billion, representing a 38% cumulative rise.