BAKU, Azerbaijan, July 12. Azerbaijan's GDP is forecasted to reach 145.008 billion manat ($85.35 billion) in 2027, Trend reports via the International Monetary Fund (IMF).
According to IMF, Azerbaijan's nominal GDP will exceed 122.9 billion manat ($72.3 billion) in 2022, 126.319 billion manat ($74.3 billion) in 2023, 129.278 billion manat ($76.09 billion) in 2024, 133.279 billion manat ($78.4 billion) in 2025 and 138.358 billion manat ($81.4 billion) in 2026.
Moreover, the Fund predicts the non-oil nominal GDP of Azerbaijan to amount to 68.46 billion manat ($40.29 billion) by 2022, while this figure is supposed to make up 108.479 billion manat ($63.8 billion) by 2027.
The IMF had recently projected that Azerbaijan's nominal GDP in 2022 is to rise above 93 billion manat ($54.7 billion), in 2023 – 95 billion manat ($55.9 billion), in 2024 – nearly 98 billion manat ($57.68 billion), and in 2025 – 101.246 billion manat ($59.59 billion).
The Ministry of Economy of Azerbaijan forecasts an increase in nominal GDP by 86.5 billion manat ($50.9 billion) in 2022, by 93.2 billion manat ($54.8 billion) in 2023, by 99 billion manat ($58.27 billion) in 2024, and over 103.5 billion manat ($60.9 billion) in 2025.