Azerbaijan expects growth in gross domestic product (GDP) in the non-oil and gas sector to reach 3.1% this year, down from the previously forecast 3.7%.

According to Report, the revised forecast is included in the Ministry of Finance’s document titled “Report on the Execution of the 2026 State and Consolidated Budgets for the First Half of the Year and Expectations for Year-End.”

The document maintains the forecast for overall economic growth at 1.7%.