GDP in Azerbaijan
Azerbaijan - GDPThe economy has yet to recover from last year’s recession after GDP contracted 0.9% in Q1, but early signs point to a slow turn-around. In the first four months of the year, the economy remained in contractionary territory. Encouragingly, however, the non-oil sector continued to grow, supported by retail trade and an expansionary fiscal policy. On the external side, exports are booming thanks to stronger oil prices. But it remains to be seen if the country can take full advantage of the oil price recovery given that it has cut oil production by much more than agreed by OPEC members. Making matters potentially more difficult for the economy on its slow path to recovery, the country’s largest bank collapsed in May after it defaulted on bond payments to foreign investors.
Azerbaijan - GDP Data
|Economic Growth (GDP, annual variation in %)||0.1||2.2||5.8||2.8||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Azerbaijan GDP Chart
|Exchange Rate||1.72||0.09 %||Jun 16|
|Stock Market||1.4||0.0 %||Jun 12|
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