12:39 - 10.10.2025

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October 10, Fineko/abc.az. ING Bank Group (Netherlands) has released its forecasts for growth of GDP in Azerbaijan in the coming years.

ABC.AZ informs that according to the document, country's economy will grow by 1.5% in 2025, by 2.8% in 2026, and economic growth is expected to slow to 2% in 2027.

According to ING estimates, Azerbaijan's GDP growth will remain stable in the 3rd quarter of 2025, and accelerate to 3% in the 4th quarter.

According to the State Statistics Committee of Azerbaijan, for Jan-Aug 2025, enterprises, organizations and individual entrepreneurs operating in the country produced a gross domestic product of 83 bn manats (1.0% more against the 2024 same term). In the oil & gas sector, value added decreased by 2.1%, while in the non-oil and gas sector, a rise of 2.6% was recorded.