Source link : https://europ.info/2026/01/22/azerbaijans-economy-is-slowing-down-the-numbers-tell-the-whole-story/
Azerbaijan’s economy is showing clear signs of deceleration, according to the latest data released by official sources. While headline figures point to a slowdown in key sectors, analysts caution against reading too deeply into short-term fluctuations. This article examines the recent economic statistics in Azerbaijan, providing a straightforward breakdown of the numbers without speculation or commentary, to offer readers an unvarnished view of the country’s current financial landscape.
Azerbaijans economic indicators reveal a marked slowdown
The latest data from Azerbaijan’s State Statistical Committee reflect a noticeable deceleration in key economic metrics. While the country continues to benefit from its energy exports, fluctuations in global oil prices and reduced investment inflows have slowed down growth rates. Industrial production growth has dipped to 2.1% in the first quarter of 2024, compared to 4.7% during the same period last year. Meanwhile, inflation remains a concern, hovering close to 8.4%, impacting consumer purchasing power and domestic demand.
Other indicators paint an equally cautious picture:
- GDP growth estimated at 1.9%, down from 3.5% last year
- Unemployment rate steady at around 5.6%
- Foreign direct investment falling by nearly 15% year-on-year
- Export revenues showing marginal decline amid fluctuating commodity prices
| Indicator | Q1 2023 | Q1 2024 | Change |
|---|---|---|---|
| GDP Growth | 3.5% | 1.9% | -1.6% |
| Industrial Production | 4.7% | 2.1% | -2.6% |
| Inflation… |
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Author : Isabella Rossi
Publish date : 2026-01-22 18:24:00
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