S&P Global Ratings has identified Azerbaijan's economic growth forecast for 2026.

AAPA-Economics reports that the forecast was included in an Azerbaijani report by the international rating agency S&P Global Ratings.

The rating agency predicted that Azerbaijan's real gross domestic product (GDP) would not grow by 2023, and growth would be 2024.2026% by 1-4.

"We predict that Azerbaijan's real UDM will stop in 2023, which is in line with our previous December 2022 forecast. While the non-neutral sector continues to grow in 2023 and there has been some growth in gas production, lowering oil production will be a deterrent. The decline in oil production will continue to affect growth in the medium-term perspective, and we predict an average real increase of 2024.2026% between 1 and 4," S&P added.