Azerbaijan’s GDP to be increased on average by 4% in 2021-2024

Azerbaijan’s GDP to be increased on average by 4% in 2021-2024
  • Clock-gray 12:31
  • calendar-gray 22 December 2020

The average growth rate of GDP is forecasted to be made up 4% in Azerbaijan in 2021-2024, APA-Economics reports.

It has been noted in the "Concept and forecast indicators of economic and social development of the Republic of Azerbaijan for 2021 and the next 3 years" included in the budget envelope for 2021.

It is noted that the GDP production will make up 75 752,7 mln manat (3,4% increase) in 2021, 81 308,5 mln manat ( 5,1% increase) in 2022, 86 471,4 mln manat ( 4,2% increase) in 2023, 91 070,6 mln manat(3,5% increase) in 2024 in Azerbaijan.

According to these expectations, the GDP production will fall to 71,8 bln. manat decreasing by 4% in the country.

Mirsaid İbrahimzade

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