Azerbaijan Economic Forecast
February 5, 2019The economy accelerated markedly last year, with GDP growth climbing to 1.4% in 2018, from a meagre 0.1% expansion in 2017. A turnaround in the industrial sector, aided by a recovering energy sector, helped fuel an upturn in activity. In addition, retail trade also accelerated last year, and the agricultural sector posted a moderate improvement. While improving towards the end of the year, with petroleum output rising modestly in December, the energy sector remained downbeat, however, as oil prices tumbled in Q4.
Azerbaijan Economic GrowthThe economy is expected to accelerate this year on a continued recovery in the oil sector and solid government spending. Lower-than-expected commodity prices and a prolonged downturn in the Russian economy are the main risks to the outlook. Met the why particular panelists see GDP expanding 1.9% in 2019, down 0.2 percentage points from last month’s forecast, and 2.1% in 2020
Azerbaijan Economy Data
5 years of Azerbaijan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||1.71||-0.66 %||Feb 14|
|Stock Market||0.1||0.0 %||Feb 14|
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