Azerbaijan’s Prime Minister: A 5 percent real GDP growth rate is projected for the non-oil sector in 2026 – ASSOCIATION FOR CIVIL SOCIETY DEVELOPMENT IN AZERBAIJAN

First Vice-President Mehriban Aliyeva: I express my gratitude to the parents who raised brave sons, whose names are engraved in the history of the Azerbaijani state

Statement of International Liberation Front of French colonies: Uprising in Martinique following Kanaky is not accidental

OSCE MG co-chairs call parties to Karabakh conflict to intensify negotiations

“In 2026, consolidated budget revenues are forecast at approximately 45 billion manats, and expenditures are forecast at 48.8 billion manats. The overall budget deficit to GDP ratio is 2.9 percent,” said Azerbaijan’s Prime Minister Ali Asadov as he addressed a plenary session of the Milli Majlis on December 9.

According to macroeconomic forecasts, a 5 percent real GDP growth rate is projected for the non-oil sector in 2026. All sectors of Azerbaijan’s economy are anticipated to grow, except oil and gas production.

“In the medium term, the driving force of our economy will be the non-oil sector. If at the beginning of the Strategy — in 2022 — the non-oil sector accounted for 52 percent of GDP (72 percent in 2025), this ratio will exceed 80 percent in 2029,” Azerbaijan’s Prime Minister emphasized.

AZERTAC