In 2024, the real GDP ( gross domestic product) growth in Azerbaijan will be 2.4% and will amount to AZN 118.4 billion, Paralel.Az-Economics reports citing Ministry of Finance of the Republic of Azerbaijan.

Next year, the non-oil GDP is forecasted to increase by 4.6% and reach AZN 84.2 billion.

Note that the Central Bank of Azerbaijan (CBA) forecasts that the real economic growth rate in Azerbaijan in 2024 will be equal to 3-3.5%, and around 5-5.5% in the non-oil and gas sector.