10:59 - 19.01.2026

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January 19, Fineko/abc.az. In 2025, the country produced GDP of 129.1 bn manats, or 1.4 percent more than a year earlier (0.2 p.p. lower than a rise of 1.6 p.p. in November).

In the oil & gas sector of the economy, value added decreased by 1.6 percent, while in the non-oil/gas sector it grew by 2.7 percent, ABC.AZ with reference to the State Statistics Committee.

According to government forecasts, while economic growth was expected to reach 3.5% in 2025, this forecast was revised down to 3% in August. The report “Information on the semi-annual execution of the state and consolidated budgets of Azerbaijan for 2025 and expectations for the end of the year”, published by the Ministry of Finance, says that the main reason for lowering the forecast is deterioration of the global economic situation and lower expectations of international organizations regarding oil prices. The IMF forecasts the oil price in 2025 at $68.2, the WB at $66, and the U.S. Energy Information Administration at $69. The Government also took into account the macroeconomic results for the first 6 months of the year and the processes taking place in the global energy, food and financial markets.

The decline applies not only to the oil sector. The forecast for real growth in the non-oil/gas sector was also lowered from 4.9% to 4.6%. The main weakening here is linked with comparatively low growth rates observed in the agricultural and transport sectors.