It is projected that by 2030, the annual value of Azerbaijan’s gross domestic product (GDP) will reach 169.1 billion manats, including 138.6 billion manats for the non-oil and gas GDP.
“Elchi” reports this with reference to the Ministry of Finance.
According to the information, the average annual real growth rate of GDP in the medium term is projected to be 3.3%, including 4.4% for the non-oil and gas GDP.
In 2030, the share of the non-oil and gas sector in the GDP is expected to reach 82%.
It should be recalled that in 2025, Azerbaijan produced 129.1 billion manats worth of GDP. Of this, 71.5% or 92.3 billion manats was formed in the non-oil and gas sector.
In 2026, Azerbaijan’s GDP is projected to grow by 1.7%, including a 3.1% growth in the non-oil and gas sector and a 3.3% decline in the oil and gas sector.
