BAKU, Azerbaijan, April 17. S&P Global Ratings expects Azerbaijan's real GDP growth to reach 1.5 percent in 2024, compared to 1.4 percent forecast earlier, Trend reports.
According to S&P, Azerbaijan's real GDP per capita growth is forecast to reach 0.5 percent in 2024.
Analysts also predict that the growth of real investments in the current year will be at the level of three percent.
Nominal GDP by the end of the year is forecast at $76.08 billion.
According to World Bank estimates, Azerbaijan's real GDP growth in 2024 will be 2.3 percent, while the Asian Development Bank (ADB) expects Azerbaijan's GDP growth rate to be 1.2 percent in 2024.
Meanwhile, the Ministry of Economy of Azerbaijan forecasts GDP growth of 2.4 percent for 2024 and 2.9 percent for 2025.
To note, Azerbaijan's gross domestic product (GDP) in 2023 amounted to 123 billion manat, or $72.35 billion, while the real growth of the economy is estimated at 1.1 percent.