Economic growth rose to 4.3 percent in H1 2024, driven by the non-hydrocarbon sector supported by public investment. Annual inflation fell to 1.1 percent as external pressures subsided. External and fiscal surpluses narrowed due to slowing energy prices. In the medium term, growth is estimated to hover around 2.5 percent as oil production continues to decline. Risks to this outlook are balanced.
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2024/10/14
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Brief
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193987
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1
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2024/10/17
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Disclosed
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Macro Poverty Outlook for Azerbaijan : October 2024 Datasheet
Citation
World Bank.
Macro Poverty Outlook for Azerbaijan : October 2024 Datasheet (English). Macro Poverty Outlook (MPO) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099809510142442624