Azerbaijan’s central bank expects real GDP to grow by 2.3% in 2027 after an estimated 1.3% this year. Governor Taleh Kazimov presented the central bank’s October projections at a parliamentary budget committee hearing on November 4, local media reported.
The bank expects non-oil and gas GDP to grow by 4.3% next year after 2.8% in 2026. The Economy Ministry presented a separate forecast for total GDP growth of 1.7% in 2026 and 2.7% in 2027.
For January through September 2026, the State Statistical Committee reported actual year-on-year growth of 1.5% in GDP and 2.6% outside oil and gas. Those figures cover nine months, not the full year.