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Q: Azerbaijan’s economy is performing quite well with a growth around 5%. The GDP/capita has increased around 5 times between 1993 and today. What are the perspectives for, say, the next three years?
A: This year we observe positive trends towards the diversification of our economy. The mobilization of modern and sustainable sources of economic growth has led to a high dynamics in the non-oil sector of Azerbaijan today. If we look at the figures covering January-November 2022, Azerbaijan has recorded 4.8% increase in GDP compared to the same period of the previous year.
The growth rate of GDP in the next 3 years is predicted at the level of 5.7%, 3.7% and 2.2% respectively. I would like to stress that products worth $24.17 billion...
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