Azerbaijan Forecast: Real GDP Growth

1993 - 2028 | Yearly | % | International Monetary Fund

Key information about Azerbaijan Forecast: Real GDP Growth

  • Azerbaijan Real GDP Growth is forecasted to be 2.999 % in Dec 2023 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 4.646 % in Dec 2022.
  • Looking ahead, Azerbaijan Real GDP Growth is projected to stand at 2.572 % in Dec 2028.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.

View Azerbaijan's Forecast: Real GDP Growth from 1993 to 2028 in the chart:

Azerbaijan Forecast: Real GDP Growth

What is Azerbaijan's Forecast: Real GDP Growth in 2028?

Azerbaijan Real GDP Growth is forecasted to be 2.999 % in Dec 2023 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.572 2028 2.551 2027 -23.098 1993 34.466 2006 % yearly 1993 - 2028

Forecast: Real GDP Growth by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 2.711 2023 yearly 2003 - 2023
Albania (%) 3.400 2028 yearly 1980 - 2028
Algeria (%) 1.782 2028 yearly 1980 - 2028
Andorra (%) 1.500 2028 yearly 2001 - 2028
Angola (%) 4.230 2028 yearly 1980 - 2028
Antigua and Barbuda (%) 2.685 2027 yearly 1980 - 2027
Argentina (%) 2.000 2027 yearly 1980 - 2027
Armenia (%) 4.500 2028 yearly 1993 - 2028
Aruba (%) 1.400 2029 yearly 1987 - 2029
Australia (%) 2.279 2027 yearly 1980 - 2027
Austria (%) 1.527 2028 yearly 1980 - 2028
Azerbaijan (%) 2.572 2028 yearly 1993 - 2028
Bahamas (%) 1.496 2027 yearly 1980 - 2027
Bahrain (%) 2.733 2028 yearly 1980 - 2028
Bangladesh (%) 9.531 2021 yearly 1980 - 2021
Barbados (%) 1.840 2027 yearly 1980 - 2027
Belarus (%) 0.741 2028 yearly 1993 - 2028
Belgium (%) 1.289 2028 yearly 1980 - 2028
Belize (%) 2.012 2027 yearly 1980 - 2027
Benin (%) 5.934 2028 yearly 1980 - 2028
Bhutan (%) 7.157 2029 yearly 1980 - 2029
Bolivia (%) 3.400 2027 yearly 1980 - 2027
Bosnia and Herzegovina (%) 3.000 2028 yearly 1997 - 2028
Botswana (%) 3.957 2028 yearly 1980 - 2028
Brazil (%) 2.015 2028 yearly 1980 - 2028
Brunei (%) 2.112 2027 yearly 1986 - 2027
Bulgaria (%) 2.840 2028 yearly 1980 - 2028
Burkina Faso (%) 5.258 2027 yearly 1980 - 2027
Burundi (%) 4.565 2027 yearly 1980 - 2027
Cambodia (%) 6.500 2027 yearly 1988 - 2027
Cameroon (%) 4.898 2027 yearly 1980 - 2027
Canada (%) 1.643 2029 yearly 1980 - 2029
Cape Verde (%) 4.498 2027 yearly 1980 - 2027
Central African Republic (%) 3.347 2028 yearly 1980 - 2028
Chad (%) 3.508 2027 yearly 1980 - 2027
Chile (%) 2.459 2027 yearly 1980 - 2027
China (%) 3.437 2028 yearly 1980 - 2028
Colombia (%) 3.345 2028 yearly 1980 - 2028
Comoros (%) 4.342 2027 yearly 1980 - 2027
Congo (%) 3.980 2028 yearly 1980 - 2028
Costa Rica (%) 3.243 2027 yearly 1980 - 2027
Croatia (%) 2.800 2028 yearly 1993 - 2028
Cyprus (%) 2.983 2029 yearly 1980 - 2029
Czech Republic (%) 2.501 2027 yearly 1996 - 2027
Democratic Republic of Congo (%) 6.482 2028 yearly 1980 - 2028
Denmark (%) 1.800 2027 yearly 1980 - 2027
Djibouti (%) 5.000 2028 yearly 1992 - 2028
Dominica (%) 2.685 2028 yearly 1980 - 2028
Dominican Republic (%) 4.985 2028 yearly 1980 - 2028
Ecuador (%) 2.751 2028 yearly 1980 - 2028
Egypt (%) 5.984 2028 yearly 1980 - 2028
El Salvador (%) 1.965 2027 yearly 1980 - 2027
Equatorial Guinea (%) -0.981 2027 yearly 1980 - 2027
Eritrea (%) 2.925 2028 yearly 1993 - 2028
Estonia (%) 3.300 2027 yearly 1994 - 2027
Swaziland (%) 2.278 2027 yearly 1980 - 2027
Ethiopia (%) 6.953 2028 yearly 1980 - 2028
Fiji (%) 3.459 2028 yearly 1980 - 2028
Finland (%) 1.519 2029 yearly 1980 - 2029
France (%) 1.450 2028 yearly 1980 - 2028
Gabon (%) 3.809 2027 yearly 1981 - 2027
Gambia (%) 5.000 2027 yearly 1980 - 2027
Georgia (%) 5.198 2028 yearly 1995 - 2028
Germany (%) 1.134 2028 yearly 1980 - 2028
Ghana (%) 6.774 2027 yearly 1980 - 2027
Greece (%) 1.355 2027 yearly 1980 - 2027
Grenada (%) 2.849 2027 yearly 1980 - 2027
Guatemala (%) 3.900 2028 yearly 1980 - 2028
Guinea (%) 5.187 2027 yearly 1980 - 2027
Guinea-Bissau (%) 5.000 2027 yearly 1981 - 2027
Guyana (%) 3.320 2027 yearly 1980 - 2027
Haiti (%) 1.500 2027 yearly 1980 - 2027
Honduras (%) 3.940 2027 yearly 1980 - 2027
Hong Kong SAR, China (%) 2.849 2027 yearly 1980 - 2027
Hungary (%) 3.150 2027 yearly 1980 - 2027
Iceland (%) 2.432 2029 yearly 1980 - 2029
India (%) 6.042 2029 yearly 1981 - 2029
Indonesia (%) 5.117 2027 yearly 1980 - 2027
Iran (%) 2.047 2029 yearly 1981 - 2029
Iraq (%) 2.625 2027 yearly 1999 - 2027
Ireland (%) 3.010 2027 yearly 1980 - 2027
Israel (%) 3.499 2027 yearly 1980 - 2027
Italy (%) 0.882 2028 yearly 1980 - 2028
Ivory Coast (%) 6.000 2028 yearly 1980 - 2028
Jamaica (%) 1.600 2027 yearly 1980 - 2027
Japan (%) 0.409 2028 yearly 1980 - 2028
Jordan (%) 3.300 2027 yearly 1980 - 2027
Kazakhstan (%) 2.778 2028 yearly 1993 - 2028
Kenya (%) 5.516 2027 yearly 1980 - 2027
Kiribati (%) 1.971 2027 yearly 1980 - 2027
South Korea (%) 2.340 2027 yearly 1980 - 2027
Kosovo (%) 3.800 2029 yearly 2001 - 2029
Kuwait (%) 2.655 2027 yearly 1980 - 2027
Kyrgyzstan (%) 3.977 2028 yearly 1993 - 2028
Laos (%) 4.496 2028 yearly 1980 - 2028
Latvia (%) 3.377 2027 yearly 1993 - 2027
Lebanon (%) -22.000 2020 yearly 1980 - 2020
Lesotho (%) 2.145 2030 yearly 1981 - 2030
Liberia (%) 5.680 2027 yearly 2001 - 2027
Libya (%) 3.588 2027 yearly 1980 - 2027

Azerbaijan Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Consolidated Fiscal Balance (USD mn) 1,006.941 Jan 2025 monthly Dec 2004 - Jan 2025
Tax Revenue (USD mn) 12,978.706 2024 yearly 1993 - 2024
Tax Revenue: % of GDP (%) 17.5 2024 yearly 1993 - 2024
National Government Debt (USD mn) 9,223.0 2021 yearly 2008 - 2021
Government Debt: % of GDP (%) 16.8 2021 yearly 2008 - 2021
Forecast: Government Expenditure (AZN bn) 46.605 2029 yearly 1994 - 2029
Forecast: Government Net Debt (AZN bn) 27.493 2029 yearly 1995 - 2029
Forecast: Government Revenue (AZN bn) 45.680 2029 yearly 1994 - 2029
Government Revenue: Taxes (AZN mn) 10,587.300 2018 yearly 1991 - 2018
Government Expenditure: ytd (AZN mn) 2,339.600 Jan 2025 monthly Dec 2004 - Jan 2025
Government Revenue: ytd (AZN mn) 4,051.400 Jan 2025 monthly Dec 2004 - Jan 2025
Government Balance: ytd (AZN mn) 1,711.800 Jan 2025 monthly Dec 2004 - Jan 2025
Government Revenue: Taxes: Excise Tax (AZN mn) 1,555.700 2024 yearly 1991 - 2024
Government Revenue: Taxes: Value Added Tax (AZN mn) 8,894.200 2024 yearly 1991 - 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -0.362 2028 yearly 1993 - 2028
Trade Balance (USD mn) 986.0 Jan 2025 monthly Jan 2000 - Jan 2025
Total Exports (USD mn) 3,038.4 Jan 2025 monthly Jan 2000 - Jan 2025
Total Exports Growth (%) 26.2 Apr 2023 monthly Jan 2001 - Apr 2023
Aluminum: Exports (USD th) 198,262.719 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 4,079.347 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 9,273.263 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,052.3 Jan 2025 monthly Jan 2000 - Jan 2025
Total Imports Growth (%) 79.6 Jan 2025 monthly Jan 2001 - Jan 2025
Imports: Medicament (USD th) 469,223.802 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 92,560.573 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 11.486 Nov 2024 monthly Jan 1996 - Nov 2024
Total Imports from USA (USD mn) 456.212 Nov 2024 monthly Apr 1993 - Nov 2024
Total Exports to China (USD mn) 3.084 Nov 2024 monthly Nov 2010 - Nov 2024
Total Imports from China (USD mn) 379.038 Nov 2024 monthly Mar 1997 - Nov 2024
Exports: SITC: Other Chemical Products (USD th) 702,628.100 2023 yearly 1996 - 2023
Exports: SITC: Food and Live Animals (USD th) 854,393.800 2023 yearly 1996 - 2023
Exports: SITC: Manufactured Goods by Material (USD th) 512,419.800 2023 yearly 1996 - 2023
Exports: SITC: Animal and Vegetable Oils, Fats and Waxes (USD th) 16,700.300 2023 yearly 1996 - 2023
Exports: SITC: Mineral Fuels, Lubricants and Related Materials (USD th) 31,017,134.500 2023 yearly 1996 - 2023
Exports: FOB: Non CIS States: Indonesia (USD th) 150,790.400 2023 yearly 1998 - 2023
Exports: FOB: Non CIS States: France (USD th) 133,219.500 2023 yearly 1992 - 2023
Exports: FOB: Non CIS States: Israel (USD th) 1,401,607.300 2023 yearly 1992 - 2023
Exports: FOB: Non CIS States: United States of America (USD th) 16,011.400 2023 yearly 1992 - 2023
Exports: FOB: Non CIS States: Italy (USD th) 15,208,067.600 2023 yearly 1992 - 2023
Imports: SITC: Other Chemical Products (USD th) 1,909,745.900 2023 yearly 1996 - 2023
Imports: SITC: Manufactured Goods by Material (USD th) 2,660,654.700 2023 yearly 1996 - 2023
Imports: SITC: Food and Live Animals (USD th) 2,120,401.400 2023 yearly 1996 - 2023
Imports: SITC: Other Manufactured Articles (USD th) 1,576,866.300 2023 yearly 1996 - 2023
Imports: SITC: Crude Materials, Inedible, except Fuels (USD th) 381,537.600 2023 yearly 1996 - 2023
Imports: CIF: Non CIS States: Turkey (USD th) 2,291,271.400 2023 yearly 1992 - 2023
Imports: CIF: CIS States: Russian Federation (USD th) 131,656.100 2023 yearly 1992 - 2023
Imports: CIF: Non CIS States: Germany (USD th) 916,421.200 2023 yearly 1992 - 2023
Imports: CIF: Non CIS States: China (USD th) 3,022,810.500 2023 yearly 1992 - 2023
Imports: CIF: CIS States: Ukraine (USD th) 687,793.300 2023 yearly 1992 - 2023
Exports Index: FOB (Same Qtr PY=100) 67.175 Dec 2023 quarterly Mar 1998 - Dec 2023
Imports Index: FOB (Same Qtr PY=100) 114.389 Dec 2023 quarterly Mar 1998 - Dec 2023
Energy Exports: Natural Gas (Cub m mn) 24,933.500 2023 yearly 2007 - 2023
Energy Exports: Crude Oil (Tonne th) 26,068.000 2023 yearly 2007 - 2023
Energy Imports: Crude Oil (Tonne th) 2,025.700 2023 yearly 2009 - 2023
Energy Imports: Natural Gas (Cub m mn) 2,109.900 2017 yearly 2016 - 2017
Export Volume Index (2015=100) 73.126 2021 yearly 2000 - 2021
Import Volume Index (2015=100) 108.794 2021 yearly 2000 - 2021
Import Value Index (2015=100) 127.006 2021 yearly 1995 - 2021
Export Value Index (2015=100) 133.837 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 162.5 Sep 2024 quarterly Mar 2000 - Sep 2024
Current Account Balance (USD mn) 1,327.6 Sep 2024 quarterly Mar 2013 - Sep 2024
Current Account Balance: % of GDP (%) 6.8 Sep 2024 quarterly Mar 2013 - Sep 2024
Foreign Direct Investment (USD mn) 138.5 Sep 2024 quarterly Mar 2013 - Sep 2024
Foreign Direct Investment: % of GDP (%) 0.7 Sep 2024 quarterly Mar 2013 - Sep 2024
Foreign Portfolio Investment (USD mn) -71.034 Sep 2024 quarterly Mar 2013 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) -0.4 Sep 2024 quarterly Mar 2013 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -13.1 Sep 2024 quarterly Mar 2003 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -57.892 Sep 2024 quarterly Mar 2003 - Sep 2024
External Debt (USD mn) 5,299.1 Sep 2024 quarterly Dec 2001 - Sep 2024
External Debt: % of GDP (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
External Debt: Short Term (USD mn) 0.0 2021 yearly 1993 - 2021
External Debt: Short Term: % of GDP (%) 0.6 2022 yearly 1993 - 2022
Forecast: Current Account Balance (USD bn) 0.418 2029 yearly 1992 - 2029
BoP: ytd: Capital Account (USD mn) -0.083 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Current Account: Debit (USD mn) 24,008.119 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Current Account: Transfers: Credit (USD mn) 969.374 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Current Account: Income (USD mn) -1,978.522 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Current Account: Credit (USD mn) 27,960.995 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Financial Account: Net Liabilities: Portfolio Investment (USD mn) -960.568 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Current Account: Services (USD mn) -1,563.514 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Financial Account: Net Liabilities: Direct Investment (DI) (USD mn) -235.627 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Reserve Assets: Flow (USD mn) 181.614 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Financial Account: Net Assets: Portfolio Investment (USD mn) 724.477 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Current Account: Transfers: Debit (USD mn) 478.421 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Capital Account: Credit (USD mn) 1.777 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Balancing Item (USD mn) -200.695 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Capital Account: Debit (USD mn) 1.860 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Financial Account: Net Liabilities (USD mn) -2,179.604 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Current Account: Goods: Credit (USD mn) 19,265.063 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Financial Account: Net Liabilities: Other Investment (OI) (USD mn) -1,441.184 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Current Account: Services: Debit (USD mn) 7,364.516 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Financial Account: Net Assets: Other Investment (OI) (USD mn) 82.449 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Current Account: Transfers (USD mn) 490.953 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Financial Account: Net Assets (USD mn) 1,390.880 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Current Account: Income: Credit (USD mn) 1,925.556 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Financial Account: Net Assets: Direct Investment (DI) (USD mn) 583.954 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Current Account: Services: Credit (USD mn) 5,801.002 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Current Account: Income: Debit (USD mn) 3,904.078 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Current Account: Goods (USD mn) 7,003.959 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Current Account: Goods: Debit (USD mn) 12,261.104 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: ytd: Financial Account: Net Liabilities: Financial Derivatives (USD mn) -4.291 Sep 2018 quarterly Sep 2018 - Sep 2018
Foreign Investment: Oil Industry (USD mn) 4,657.000 2023 yearly 1995 - 2023
Foreign Investment: Direct (USD mn) 6,658.100 2023 yearly 2003 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.9 Mar 2015 quarterly Dec 2009 - Mar 2015
Household Debt: % of GDP (%) 13.1 Sep 2024 quarterly Mar 2005 - Sep 2024
Money Supply M1 (USD mn) 16,253.184 Jan 2025 monthly Dec 1995 - Jan 2025
Money Supply M2 (USD mn) 20,442.450 Jan 2025 monthly Dec 1995 - Jan 2025
M2 Growth (%) 19.7 May 2023 monthly Dec 1996 - May 2023
Reserve Requirement Ratio (%) 5.0 Feb 2025 monthly May 1993 - Feb 2025
Foreign Exchange Reserves (USD mn) 11,893.8 Jan 2025 monthly Dec 1992 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 17.721 Sep 2024 quarterly Dec 2001 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 5.8 Jan 2025 monthly Mar 1994 - Jan 2025
Gold Reserves (USD mn) 0.000 Jan 2025 monthly Dec 1992 - Jan 2025
Total Deposits (USD mn) 17,809.922 Jan 2025 monthly Jan 2005 - Jan 2025
Total Deposits Growth (%) 2.7 Jan 2025 monthly Jan 2006 - Jan 2025
Domestic Credit (USD mn) 20,574.4 Dec 2024 monthly Dec 2001 - Dec 2024
Domestic Credit Growth (%) -0.7 Dec 2024 monthly Dec 2002 - Dec 2024
Household Debt (USD mn) 10,086.9 Jan 2025 monthly Jan 2005 - Jan 2025
Total Loans (USD mn) 17,250.149 Jan 2025 monthly Dec 2004 - Jan 2025
Total Loans Growth (%) 20.37 Jan 2025 monthly Dec 2005 - Jan 2025
Private Debt: % of Nominal GDP (%) 24.17 Sep 2024 quarterly Dec 2001 - Sep 2024
Monetary Aggregates: M1 (AZN mn) 27,630.412 Jan 2025 monthly Dec 2002 - Jan 2025
Monetary Aggregates: M1: Cash Outside Banks (AZN mn) 15,285.340 Jan 2025 monthly Dec 2002 - Jan 2025
Monetary Aggregates: M3 (AZN mn) 45,564.260 Jan 2025 monthly Dec 2002 - Jan 2025
Monetary Aggregates: M2 (AZN mn) 34,752.165 Jan 2025 monthly Dec 2002 - Jan 2025
Official Foreign Reserves (USD mn) 10,991.800 Feb 2025 monthly Dec 2006 - Feb 2025

More Indicators for Azerbaijan

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