Azerbaijan's GDP forecast for 2030
By the year 2030, Azerbaijan's GDP is projected to reach around 167 billion manat, with an anticipated rise in the contribution of the non-oil and gas sector.
Azerbaijani economy
Azerbaijan's cotton export revenue significantly rises in early 2026
Cotton exports brought Azerbaijan $41.1 million in January and February 2026, showing a 44.5% increase compared to the same period last year.
Peace between Azerbaijan and Armenia not only 'on paper' - Ilham Aliyev
Azerbaijan has peace with Armenia on the ground, not only on paper, Azerbaijani President Ilham Aliyev said.
Azerbaijan submitted list of goods for export to Armenia - Papoyan
Baku and Yerevan are currently engaged in discussions regarding trade matters. Armenian Economy Minister Papoyan has stated that the trade turnover between the two nations could potentially reach several hundred million dollars.
Azerbaijan to send 4,500 tons of diesel fuel to Armenia
Today, a total of 4,500 tons of diesel fuel will be sent from Azerbaijan to Armenia as the next batch of fuel within the scope of fuel product supplies.
Baku and Tehran sign memorandum of understanding
The 17th meeting of the Joint Intergovernmental Commission on Economic, Trade, and Humanitarian Cooperation between Azerbaijan and Iran was held yesterday in Baku.
Georgia lowers transit tariff for Azerbaijani fuel bound for Armenia
Georgia has set a symbolic price for the transportation of petroleum products from Azerbaijan to Armenia across its territory. The tariff rate was discussed during a meeting in Yerevan between ministers Kvrivishvili and …
Azerbaijan discusses further cooperation prospects with Asian Development Bank
The Deputy Minister of Economy of Azerbaijan met with a representative of the Asian Development Bank (ADB). The conversation focused on prospects for further cooperation.
Azerbaijan exported nearly 171 million dollars worth of hazelnuts
Hazelnut exports generated 32% more revenue for Azerbaijan last year compared to the previous year, with total export value reaching nearly $171 million.
Azerbaijan to increase gas supplies to Serbia to billion cubic meters
The parties are already negotiating a new agreement
IMF forecasts growth in Azerbaijans non-oil economy
The International Monetary Fund forecasts that Azerbaijan’s non-oil economy will grow by around 4% in 2026.
Azerbaijan steps up electricity imports from Georgia
Azerbaijan exported approximately 493.980 million kWh of electricity to Georgia in the period from January through November 2025, the State Statistical Committee reported.
Azerbaijani gold reserves exceed 200 tones
Azerbaijan's gold reserves have surpassed 200 tonnes by year-end, marking an increase of 36.4%. Gold now accounts for 38.2% of the investment portfolio of the national oil fund.
Azerbaijan increases non-oil exports to Israel
Non-oil exports from Azerbaijan to Israel increased by 27%.
Green energy to provide Azerbaijan with 8 GW per year - Ilham Aliyev
Today Azerbaijan sees a growing interest in renewable sources, President of Azerbaijan Ilham Aliyev said during an event titled “Azerbaijan Executive Breakfast,” held as part of the annual meeting of the World Economic Forum in Davos.
UN projects GDP growth for South Caucasus countries
The United Nations has presented a new two-year economic growth forecast for the South Caucasus, predicting real GDP growth in Azerbaijan, Armenia, and Georgia to range from 2.7% to 5.4%.
Azerbaijan and Türkiye intend to increase trade turnover to $15bln
The 2nd Azerbaijan-Türkiye Investment Forum was held in Baku yesterday. Türkiye's Vice President Cevdet Yilmaz said bilateral trade between Türkiye and Azerbaijan reached $8 billion in 2024. He noted …
Azerbaijan increases direct investment in Russia's economy by 42%
Russia also increased its investment in Azerbaijan's economy
Azerbaijan's non-oil and gas exports to Russia exceeds $1bln
Russia remains a key destination for Azerbaijan's non-oil and gas exports. The value of supplies over the first 11 months of the year reached $1.08 billion, a 1% increase year-on-year.
Elchin Amirbekov: Zangezur Corridor to increase trade volumes between Asia and Europe
Amirbekov noted that the Zangezur Corridor will connect Azerbaijan and Armenia for the first time in 30 years
