IMF: Azerbaijan's economic growth to reach 2.5% in 2031

Real growth of Azerbaijan's gross domestic product (GDP) in 2031 is projected at 2.5%, Report informs citing the International Monetary Fund's (IMF) October Regional Economic Outlook for the Middle East and Central Asia titled "Steering Through Uncertainty: Strengthening Resilience in Challenging Times."

This forecast remained unchanged relative to the April assessment. In addition, the IMF projects the republic's GDP to increase by 1.7% in 2026 and by 2.3% in 2027.

In turn, Azerbaijan's Economy Ministry estimates GDP growth this year at 1.7% and at 2.7% for next year. Meanwhile, the country's Central Bank expects economic growth of 0.5% in 2026 and 2.6% in 2027.

At the end of 2025, Azerbaijan's economic growth was recorded at 1.4%, while in January–September 2026, GDP growth reached 1.5%.