3-4% average annual growth rate (AAGR) of the Azerbaijan’s economy and 5% growth of GDP of non-oil and gas is targeted in the National Priorities of Azerbaijan and as a result of the implementation of the socio-economic development for 2022-2026, said Mikayil Jabbarov, Azerbaijan's Minister of Economy and Deputy Chairman of the National Coordinating Council on Sustainable Development, as he delivered speech during 2nd Baku Forum on Sustainable Development, Paralel.Az-Economics reports.

“At the same time, increasing the share of the private sector in the economy to 88%, compared to 2021, increasing the volume of non-oil/gas exports to 85% in 2026 is targeted,” – the Minister added.