TODAY.AZ / Business

Azerbaijani gov’t expects stable GDP growth until 2021

20 October 2017 [17:57] - TODAY.AZ

By  Trend


Azerbaijani government has forecast growth of Azerbaijan’s real GDP in 2018 at 1.5 percent, according to the presentation of draft state and consolidated budgets for 2018 and the next three years.

According to the document, Azerbaijan’s GDP next year is expected to reach 69.4 billion manats. At the same time, 47.6 billion manats of the GDP will account for the non-oil sector, which will grow 2.9 percent next year.

According to the document, 83 percent of Azerbaijan’s GDP will account for the private sector.

In 2016, Azerbaijan’s GDP decreased by 3.1 percent. The Azerbaijani government expects that this year, the country’s economy will grow 0.3 percent and will continue growing until 2021.

GDP volume and its growth for 2017-2021:

2017

2018

2019

2020

2021

GDP, in billion manats

68.164

69.396

72.727

77.403

81.053

Real GDP growth (%)

0.3

1.5

1.4

3.7

2.9

Incomes of Azerbaijan’s state budget for 2018 are projected at 20.127 billion manats (including centralized incomes - 19.476 billion manats, local incomes - 650.671 million manats), expenditures are projected at 20.905 billion manats (including centralized expenses - 20.182 billion manats, local expenses - 724.092 million manats).

It is projected that Azerbaijan’s state budget for 2018 will be based on oil price of $45 per barrel.

The official exchange rate for October 20 is 1.7001 AZN/USD.

URL: http://www.today.az/news/business/166019.html

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