BAKU, Azerbaijan, June 20. Azerbaijan's GDP in nominal terms is forecast to grow to 115.4 billion manat ($67.8 billion) by the end of this year, real growth rates - up to 5.5 percent, including non-oil GDP in nominal terms will grow to 65.7 billion manat ($38.6 billion), Azerbaijani Finance Minister Samir Sharifov said, Trend reports.
Sharifov made the statement during a discussion of amendments to the law "On the State Budget of Azerbaijan Republic for 2022" at a meeting of the Committee on Economic Policy, Industry and Entrepreneurship of Azerbaijan’s Parliament (Milli Majlis).
Minister noted that the average annual inflation is projected at 12.5 percent for this period.