The Ministry of Finance's Medium-Term Expenditure Framework projects Azerbaijan's GDP to reach 169.1 billion manat ($99.5 billion) in 2030, up from 129.1 billion manat ($75.9 billion) in 2025. The non-oil-gas sector's share of GDP is expected to rise to 82%, with non-oil-gas GDP growing from 92.3 billion manat ($54.3 billion) to 138.6 billion manat ($81.5 billion) over the same period. Real GDP growth is forecast to average 3.3% a year over the medium term, while the oil and gas sector's share declines, though production is expected to rise from 2029 with the full-capacity Absheron field. The baseline scenario assumes an average oil export price of $65 a barrel from 2027, and average annual inflation is expected to ease from 5.7% this year to 4.3% by 2030.
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