It is expected that Azerbaijan’s current account surplus will increase in 2026 due to rising energy prices.
elchi reports that this was noted in the International Monetary Fund’s (IMF) assessment.
It was stated that against the backdrop of high oil prices, the State Oil Fund’s (SOFAZ) reserves will also continue to grow.
According to the information, GDP is projected to grow by 2.1% in 2026. This growth will mainly be driven by the non-oil sector. Thus, growth in the non-oil economy is expected to reach 3.7% and then stabilize around 3.5%.
Overall economic growth will remain at approximately 2.5% in the medium term.
The IMF notes that certain support for economic growth is related to the relative easing of fiscal policy and the rise in energy prices against the backdrop of the war in the Middle East.
According to the Fund’s forecast, inflation in the country will be 6% by the end of 2026.