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IMF forecasts economic growth in Azerbaijan

Finance Materials 7 September 2021 10:17 (UTC +04:00)
IMF forecasts economic growth in Azerbaijan

BAKU, Azerbaijan, Sept.7

By Zeyni Jafarov - Trend:

Azerbaijan's GDP will grow by 2.3 percent and the nominal volume of GDP will reach $49.9 billion in 2021, Trend reports citing the International Monetary Fund (IMF).

The fund reminded that last year, Azerbaijan's economy decreased by 4.3 percent, amounting to $42.61 billion.

Besides, the IMF predicted that in 2022, the nominal GDP of the country will reach $50.86 billion, and in 2023 - $52.3 billion, which is respectively 1.9 and 2.9 percent more than last year's estimates.

Earlier, in April the fund also forecasted the overall growth of Azerbaijan's GDP this year at the level of 2.3 percent.

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