UN publishes Azerbaijan's economic growth forecast until 2026

The United Nations Organisation (UN) has released a forecast of Azerbaijan's economic growth until 2026, Azernews reports.

The UN predicted gross domestic product (GDP) growth in Azerbaijan at 2.6% in 2024 and 2.8% in 2025. According to the report, economic growth in Azerbaijan in 2023 was 0.7%.

According to UN forecasts, the average annual inflation in Azerbaijan will decrease to 5.9% in 2024 and to 3.9% in 2025. The organisation set the inflation forecast for last year at 9.5%.

It should be noted that according to the latest data of the State Statistics Committee, in January-November 2023, economic growth in Azerbaijan will decrease to 5.9% and 3.9%.