Amid the formation of new global realities, Azerbaijan’s economic growth continued during the first ten months of this year, with the non-oil and gas sector being the main driver. From January to October 2025, real gross domestic product (GDP) grew by 1.3%, while the non-oil and gas sector recorded growth of 3.1%.

According to AZERTAC, this was stated by the Governor of the Central Bank of Azerbaijan (CBA), Taleh Kazimov, during the discussion of the draft law “On the State Budget of the Republic of Azerbaijan for 2026” at the Milli Majlis plenary session on November 19.

T. Kazimov noted that growth in the non-oil and gas sector was mainly observed in the information and communications, tourism, and construction sectors. “The Central Bank’s economic growth forecast is optimistic. GDP is projected to grow by 2.2% by the end of 2025 and by 2% by the end of 2026. As for non-oil and gas GDP, it is expected to reach 3.7% by the end of this year and 4.4% next year,” the Central Bank Governor added.

Azerbaijan’s GDP in 2025 is forecasted at around $74.17 billion, according to Trading Economics. Interestingly, the Ministry of Economy expects GDP growth of 3% in 2025, 2.9% in 2026, and 3.6% in 2027. Various international organizations, including S&P Global, Fitch Ratings, the IMF, and the World Bank, estimate Azerbaijan’s real GDP growth in 2025 to be between 2.5% and 3%. In January–September 2025, Azerbaijan’s GDP amounted to AZN 95.229 billion, up 1.3% compared to the same period last year.