The Central Bank of Azerbaijan forecasts the country's economy to grow by 3.3% in 2025, the bank's chairman Taleh Kazimov said.
According to him, Azerbaijan's economy grew by 4.1% in 2024, growth in non-oil products totaled 6.2%.
"Growth in the transportation sector was 14.1, in information and communications 11.4, and in the tourism sector 12.9%. Our forecasts are positive. We forecast the economy to grow by 3.3% in 2025. Growth in the non-oil gross domestic product sector is expected to be 5.2%,” Taleh Kazimov said.
Earlier, the Board of the Central Bank of Azerbaijan decided to maintain the refinancing rate at 7.25%, with the lower limit of the interest rate corridor set at 6.25% and the upper limit at 8.25%.
