Azerbaijan posts economic growth in early 2025, investment slows

Azerbaijan recorded an increase in GDP and nominal household income in the first quarter of 2025 compared to the same period last year, official data showed.

According to the State Statistics Committee and the Central Bank of Azerbaijan, GDP totaled 28,940.6 million manats in Q1 2024 with a growth rate of 4%. In Q1 2025, GDP rose to 29,892.9 million manats, with a slower growth rate of 0.3%.

Non-oil GDP increased from 16,022.8 million manats in Q1 2024 to 17,369.9 million manats in the same period of 2025.

However, capital investments declined, falling from 3,809.2 million manats in 2024 to 3,467.7 million manats in 2025.

Nominal income of the population rose from 19,408.1 million manats in early 2024 to 20,690.7 million manats in early 2025.

Meanwhile, the 12-month consumer price index climbed from 4.9% in 2024 to 5.9% in 2025.

The average monthly wage was 985.3 manats in 2024, but no updated figure was provided for 2025.

N.Tebrizli