BAKU, Azerbaijan, June 20. A total of 6.6
billion manat ($3.8 billion) was invested in fixed assets in
Azerbaijan from January through May of this year.
The data obtained from the State Statistics Committee’s report
“Macroeconomic indicators of the country’s socio-economic
development for January-May 2026” show that this is 2.1% less
compared to the same period in 2025.
At the same time, investments in the non-oil and gas sector
during the reporting period decreased by 14.7% and amounted to 4.09
billion manat ($2.4 billion).
Azerbaijan’s gross domestic product (GDP) for the period from
January through May of this year amounted to 51.7 billion manat
($30.4 billion).
Over the reporting period, value added in the oil and gas sector
of the economy decreased by 1% to 16.1 billion manat ($9.4
billion), while in the non-oil and gas sector it increased by 0.4%
to 35.6 billion manat ($20.9 billion).
According to the Central Bank of Azerbaijan, the country’s
economic growth rate in 2027 is projected to be 3.2% for total GDP
and 4.7% for the non-oil and gas sector in real terms.
In addition, it is noted that in 2027, the oil and gas sector is
expected to have a neutral impact on growth, while the non-oil and
gas sector is expected to have a positive impact.
Information indicates that the main drivers of non-oil and gas
economic growth in 2027 will be household consumption, net exports,
and fixed capital investment.
“Forecasts for the oil and gas sector are based on official
government estimates: a 3.3% decline is expected in 2026 and zero
growth in 2027. The realization of forecasts for the non-oil and
gas sector will depend on the dynamics of domestic and external
aggregate demand,” the bank reports.
