CBA released its forecasts on economic growth and oil & gas prices in 2025.

12:15 - 22.01.2025


January 22, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) forecasts 3.3% GDP growth in 2025, including 5.2% growth in the non-oil/gas sector.

ABC.AZ reports that CBA chairman Taleh Kazimov said this at today's press conference.

"According to our forecasts, in 2025 the average price of 1 barrel of oil will be $77.3, and the price of 1,000 cu m of natural gas will be $349," he said.

Kazimov added that the Central Bank expects the current account surplus of Azerbaijan's balance of payments to reach $5.3-5.5 bn in 2025.

The Ministry of Economy forecasts economic growth in the country at 3.5% this year, including 4.9% in the non-oil/gas sector.

In 2024, Azerbaijan's economy grew by 4.1%, including the non-oil/gas sector by 6.2%.