Azerbaijan poised for growth with strategic investment in non-energy sectors

Azernews.Az

5 March 2025 13:45 (UTC+04:00)

Akbar Novruz

Azerbaijan’s economy is set for stable growth in the coming years, with international financial institutions highlighting the importance of diversification and investment in non-energy sectors. The World Bank forecasts a 2.7 per cent growth for Azerbaijan’s GDP in 2025, with an average annual growth rate of 2.4 per cent from 2025 to 2029. While oil and gas production is expected to decline gradually, the services and construction sectors are projected to expand at 4 per cent annually, supported by public investment.

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