AZERBAIJAN TARGETS $99.5B GDP AND 82 % NON - OIL SHARE BY 2030

What happened: Azerbaijan's Ministry of Finance released a Medium-Term Expenditure Framework projecting GDP of 169.1 billion manat ($99.5 billion) in 2030, with the non-oil-gas sector's share of GDP rising to 82%. Key numbers: 2030 GDP 169.1 billion manat ($99.5 billion). Non-oil-gas GDP 138.6 billion manat ($81.5 billion) in 2030, up from 92.3 billion manat ($54.3 billion) in 2025. Why it matters: The framework shows the oil and gas sector's GDP share declining over the medium term, while production is expected to rise from 2029 with full-capacity operation of the Absheron field.

Azerbaijan's Ministry of Finance released a Medium-Term Expenditure Framework projecting GDP of 169.1 billion manat ($99.5 billion) in 2030, with the non-oil-gas sector's share of GDP rising to 82%.

The framework shows the oil and gas sector's GDP share declining over the medium term, while production is expected to rise from 2029 with full-capacity operation of the Absheron field.