Baku: Azerbaijan's economic growth is expected to be close to 3% in 2027. Azerbaijani government forecasts that the country's gross domestic product (GDP) will reach AZN 141 billion in 2027, APA-Economics reports citing Ministry of Finance's macroeconomic forecasts for 2027.

According to Azeri-Press News Agency, economic growth in the country is expected to stand at 2.7% next year. The forecast outlines a growth of 4.4% in the non-oil and gas sector, while a decline of 1.8% is anticipated in the oil and gas sector.

It is forecast that the non-oil and gas sector will account for AZN 109.1 billion of the total GDP in 2027.