Azerbaijan's GDP shrank 2.5 percent from a year earlier in January of 2021, compared to a 2.4 percent growth in the previous year. The contraction was mainly due to a 6.2 percent plunge in oil and gas output, while the non-oil and gas sector edged up 0.1 percent. source: The State Statistical Committee of the Republic of Azerbaijan
Leading Economic Index in Azerbaijan averaged 7.55 percent from 2006 until 2021, reaching an all time high of 116.10 percent in September of 2012 and a record low of -4.50 percent in April of 2016. This page provides - Azerbaijan Leading Economic Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. Azerbaijan GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Leading Economic Index in Azerbaijan is expected to be -1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Azerbaijan to stand at 3.00 in 12 months time. In the long-term, the Azerbaijan GDP YoY is projected to trend around 3.00 percent in 2022, according to our econometric models.