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IMF forecasts Azerbaijan’s nominal GDP till 2025

Economy Materials 26 November 2021 15:32 (UTC +04:00)
IMF forecasts Azerbaijan’s nominal GDP till 2025

BAKU, Azerbaijan, Nov. 26

By Sadraddin Agjayev - Trend:

It is forecasted that the GDP of Azerbaijan in 2025 will amount to 101.246 billion manats ($59.6 billion), Trend reports referring to the report of the International Monetary Fund (IMF).

According to IMF (International Monetary Fund) forecasts, in 2022 Azerbaijan's nominal GDP will exceed 93 billion manats ($54.7 billion), in 2023 - 95 billion manats ($55.9 billion), in 2024 - almost 98 billion manats ($57.7 billion).

Following the short-term forecasts of the fund, Azerbaijan's GDP by the end of 2021 will amount to about 89.5 billion manats ($52.7 billion).

In addition, the country's nominal GDP in 2022 will exceed 86.5 billion manats ($50.9 billion), in 2023 it will amount to about 93.2 billion manats ($54.8 billion), in 2024 - almost 99 billion manats ($58.2 billion), and in 2025 it will exceed 103.5 billion manats ($60.9 billion).

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