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IMF upgrades Azerbaijani economy's growth outlook for 2022

Economy Materials 19 April 2022 19:10 (UTC +04:00)
IMF upgrades Azerbaijani economy's growth outlook for 2022
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, April 19. Azerbaijan’s economy is forecasted to grow by 2.8 percent, and the country’s GDP will amount to $54.73 billion in 2022, Trend reports via the International Monetary Fund (IMF).

According to the fund, in 2023, the Azerbaijani economy will increase by 2.6 percent, and the nominal volume of GDP will stand at $55.98 billion.

Besides, the IMF predicted that Azerbaijan's GDP will reach $57.6 billion in 2024, $59.56 billion in 2025, and $61.8 billion in 2026.

In October last year, the IMF predicted the growth of the Azerbaijani economy by 2.3 percent in 2022.

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