Azerbaijan’s gross domestic product (GDP) is expected to amount to 141 billion manats next year.

Report reports this with reference to the Ministry of Finance.

According to the forecast, 109.1 billion manats of this amount will come from the non-oil and gas sector. Thus, economic growth in the country is forecast at 2.7% next year, including 4.4% growth in the non-oil sector. Meanwhile, the oil and gas sector is expected to decline by 1.8%.

According to the Azerbaijani government’s economic growth forecasts updated last month, the country’s GDP is expected to amount to 138 billion manats this year, including 100 billion manats from the non-oil and gas sector.

According to the State Statistics Committee, Azerbaijan produced 1.2% more GDP in January–August this year than in the same period last year, with GDP amounting to 87 billion 709.5 million manats.