S&P announced economic growth forecasts for Azerbaijan for 2025-2026

International rating agency S&P Global expects Azerbaijan's GDP growth rate to remain at 2% in 2025.

This is reported by Report with reference to S&P. The agency raised its GDP growth expectations for 2026 from 1.5% to 2%.

The report notes that the GDP of the Caucasus and Central Asia region in 2024 exceeded the agency's forecasts. Although GDP growth forecasts for 2025 remain high, they will be lower than the 2024 level.

Azerbaijan's Ministry of Economy forecasts economic growth in the country this year at 3.5%, while the Central Bank expects growth in 2025 at 3.3%.

According to forecasts by international rating agency Moody's, Azerbaijan's real GDP growth in 2025 will be 4%. Fitch Ratings forecasts the country's GDP to increase by 3% in 2025 and 2.4% in 2026. Dutch bank ING expects economic growth in the country at 2.6% this year and 2.8% next year.

In 2024, Azerbaijan's economy grew by 4.1%