Azerbaijan's nominal GDP expected to surpass $50 billion – minister

  14 December 2021    Read: 142

Azerbaijan’s nominal GDP is forecast to exceed $50 billion as of 2021, the country’s Minister of Economy Mikayil Jabbarov said on Tuesday during the Azerbaijani-Georgian-Turkish business forum in Baku, 

Minister Jabbarov said that Azerbaijan has already ensured the achievement of the goals set within the economic development strategy for 2022-2026.

“Azerbaijan's GDP grew by 5.3 percent as of 11 months of 2021,” the minister said. “The volume in the non-oil sector grew by 6.4 percent.”

“The export volume of non-oil products grew by 44 percent in the reporting period. We predict that this dynamics will continue until late 2021,” Jabbarov added. 


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