The economy of Azerbaijan

As 2024 comes to a close, Azerbaijan finds itself at a crossroads—holding a prominent position in certain sectors of the global economy but still grappling with issues that hinder broader socioeconomi...

Reducing economic growth in Azerbaijan in 2023 from 4.6 percent in the previous year to 1.1 percent and forecasts that the decline will continue in the current and future years make avoiding the middl...

Acording to the World Bank, countries are divided into 4 groups regarding the income level[1]. Countries with per capita incomes of less than $ 1,135 for fiscal year 2023/2024 belong to low-income gro...

Amidst a backdrop of geopolitical tensions, monetary policy shifts, and global economic uncertainty, the International Monetary Fund (IMF) has revised its global growth forecast, underscoring both cha...

In a bid to diversify its economic portfolio and reduce reliance on oil and gas revenues, Azerbaijan has long pursued strategies aimed at bolstering the non-oil sector. However, recent statistics pain...

In the economic landscape of Azerbaijan during January and February 2024, several significant trends emerged, portraying both progress and challenges.

Azerbaijan's economy has seen a remarkable acceleration in growth, with the pace of expansion soaring from 1.1 to 5 percent over the past month, according to data released by the State Statistics Comm...

In 2022, economists anticipated a global economic slowdown in 2023, driven by weaker external demand and tightening global financial conditions. The initial projections estimated a medium-term global...