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IMF updates forecast for growth of Azerbaijani economy for 2022

Economy Materials 8 July 2022 13:15 (UTC +04:00)
IMF updates forecast for growth of Azerbaijani economy for 2022
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, July 8. The growth of Azerbaijani economy is projected at 3.8 percent in 2022, and nominal GDP at $72.3 billion, Trend reports via the International Monetary Fund (IMF).

According to IMF forecasts, the growth of Azerbaijani economy will be 2.6 percent in 2023, and the nominal GDP will be $74.3 billion.

IMF also predicted that Azerbaijan's nominal GDP will reach $76.04 billion in 2024, $78.4 billion in 2025, and $81.3 billion in 2026.

According to IMF, assets of State Oil Fund of Azerbaijan (SOFAZ) will reach $53.4 billion this year, and $82.07 billion by 2027.

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