BAKU, Azerbaijan, Might 31.
Azerbaijan’s GDP in actual phrases will develop by 1.6 % to 111.6
billion manat ($65.6 billion) by the tip of 2023, the Ministry of
Finance of Azerbaijan instructed Development.
The ministry mentioned that the common annual inflation is
anticipated to be at 10.4 % by the tip of 2023.
The Ministry of Financial system of Azerbaijan has up to date
macroeconomic forecasts for 2023 in reference to international financial
and geopolitical processes, in addition to vitality costs.
Azerbaijan’s complete GDP within the reporting interval
amounted to 40 billion manat ($23.5 billion), of which 22.7 billion
manat ($13.3 billion) fell on the non-oil sector. The full GDP
grew by 0.1 % basically phrases and non-oil GDP – by 3.1
% in comparison with 2022.
In 2022, Azerbaijan’s complete GDP elevated by 4.6
% to 133.8 billion manat ($78.7 billion) in comparison with the
previous yr.
