Accra:The International Monetary Fund (IMF) forecasts that Azerbaijan’s economy will grow by 1.7% in 2026 and 2.3% in 2027.
According to Azeri-Press news agency, the IMF has revised its expectations for Azerbaijan’s gross domestic product (GDP) growth, lowering it by 0.5 percentage points for 2026 and 0.2 percentage points for 2027 compared to forecasts released in May. The Fund now estimates the average annual growth rate of Azerbaijan’s economy at 2% for the period of 2026-2027.
The IMF also anticipates that average annual inflation in Azerbaijan will reach 5.8% in 2026 and 5.6% in 2027. The inflation projection for 2026 has been reduced by 0.2 percentage points, while the forecast for 2027 has been increased by 1.4 percentage points, with previous figures set at 6% and 4.2% respectively.
Regarding the labor market, the IMF estimates that Azerbaijan’s unemployment rate will remain at 5.3% in 2026, unchanged from 2025, and is expected to decline slightly to 5.2% in 2027.