BAKU, Azerbaijan, January 5. Azerbaijan plans
to maintain macroeconomic stability by supporting the stability of
the national currency, keeping the manat at 1.7 against the United
States dollar in 2026, Trend reports.
This was stated in the Citizens’ Budget Guide prepared by the
Ministry of Finance. The document notes that in the coming year,
Gross Domestic Product (GDP) is projected to grow by 2.9% in real
terms to 134.1 billion manat ($78.8 billion), while non-oil and gas
GDP is expected to rise by 5% in real terms to 101.7 billion manat
($59.8 billion).
The proportion of the non-oil and gas sector in Azerbaijan’s GDP
is expected to rise to 75.8%, while the contribution from the oil
and gas sector is projected to contract by 2.4% in real terms.
For the current year, the price of Azeri Light crude oil is
assumed to remain stable at $65 per barrel.
Looking towards the medium-term, Azerbaijan’s GDP is projected
to reach 161.8 billion manat ($95.1 billion), with the non-oil and
gas sector accounting for 80% of the total economic output.
Under the base scenario, the Ministry of Economy anticipates an
average annual inflation rate of 4.8% for 2026, with a slightly
lower average of 4.3% expected for the period from 2027 through
2029.
Stay up-to-date with more news on Trend News
Agency's WhatsApp channel
