Azerbaijan can enter list of countries with high income: World Bank

Sarah Michael, World Bank’s Country Manager for Azerbaijan

© APA | Sarah Michael, World Bank’s Country Manager for Azerbaijan

# 08 December 2022 16:15 (UTC +04:00)

Azerbaijan can enter the list of the countries with high income by 2050, said World Bank’s Country Manager for Azerbaijan Sara Michael, during the discussion of Azerbaijan: Economic Memorandum on the country at the ADA University, APA-Economics reports.

She stressed that the average annual growth of GDP in Azerbaijan can account for 1,7% by 2024-2050: “This has a significant impact on GDP per capita. In this case, GDP per capita may reach USD 10,250 by 2050, which can make the average Azerbaijani 40 percent richer compared to the current growth trajectory”.

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