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Azerbaijan unveils GDP growth forecast for 2022

Economy Materials 2 August 2022 15:42 (UTC +04:00)
Azerbaijan unveils GDP growth forecast for 2022
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 2. Azerbaijan's GDP growth will amount to 3.4 percent in 2022, Trend reports referring to the Ministry of Finance of Azerbaijan.

The country's nominal GDP for this year is projected at the level of 115.4 billion manat ($67.88 billion).

According to the ministry, Azerbaijan's non-oil GDP is expected to grow by 5.5 percent, while its nominal value is supposed to reach 65.7 billion manat ($38.6 billion) in 2022.

Furthermore, the average annual inflation of Azerbaijan is forecast at 12.5 percent following the results of 2022.

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