IMF forecasts Azerbaijan’s GDP to grow by 5 percent in 2014

Photo: IMF forecasts Azerbaijan’s GDP to grow by 5 percent in 2014 / Economy news

Baku, Azerbaijan, April 9
By Abbas Akhundov - Trend:

The International Monetary Fund (IMF) forecasts Azerbaijan's GDP to grow by 5 percent in 2014 and by 4.6 percent in 2015, according to a report on the prospects for development of world economy, World Economic Outlook published on IMF's website on April 9.

Azerbaijan's economic growth is expected to be at the level of 3.48 percent in 2016, 3.22 percent in 2017, 3.98 percent in 2018 and 4.23 percent in 2019, according to IMF estimates.

In absolute terms, Azerbaijan's GDP at the current prices will amount to 61.6 billion manat ($79.36 billion) in 2014, 67.47 billion manat ($87.76 billion) in 2015, 72.7 billion manat ($94.57 billion) in 2016, 79.77 billion manat ($103.76 billion) in 2017, 86.13 billion manat ($112.03 billion) in 2018 and 93.87 billion manat ($122.1 billion) in 2019, according to IMF analysts. Azerbaijan's GDP amounted to 57.71 billion manat or $73.54 billion as of 2013.

The IMF forecasts Azerbaijan's GDP per capita to grow from 6,199 manat ($7,899) in 2013 to 6,568 manat ($8,457) in 2014, to 7,133 ($9,278 ) in 2015, to 7,626 manat ($9,919) in 2016, to 8,300 manat ($10,797) in 2017, to 8,890 manat ($11,564) in 2018 and 9,613 manat ($12,503) in 2019.

Translated by L.Z.

Edited by C.N.

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