S&P Global(US:SPGI) Shang Wu Bu Wang Zhan·2025-12-25 02:26Economic Growth Forecast - S&P Global Ratings predicts Azerbaijan's GDP growth to be 1.8% in 2025, followed by 1.7% in 2026, and reaching 2% and 2.1% in 2027 and 2028 respectively, resulting in an average annual GDP growth rate of 1.9% from 2025 to 2028 [1] Sector Performance - The growth in the second half of 2025 is expected to be driven primarily by the non-oil and gas sectors, with a year-on-year increase of 1.5% [1] - The oil sector continues to negatively impact overall economic growth due to declining prices and reduced production [1] Oil and Gas Production - In the first ten months of 2025, oil production decreased to approximately 556,000 barrels per day, a year-on-year reduction of about 27,000 barrels per day, representing a decline of 4.6% [1] - Natural gas production was around 849,000 barrels per day (oil equivalent), with a modest year-on-year increase of approximately 14,000 barrels per day (oil equivalent), reflecting a growth of 1.7% [1] - The slight increase in natural gas production is insufficient to offset the decline in oil production, indicating that the traditional oil and gas sector remains in a state of negative growth [1]