Under the current conditions, Azerbaijan's economy maintains its stability. If we take into account the indicators of the strategic period while taking into account the expected results of 2026, GDP growth in the years 2026-2022 stands at 2.7% on average per year, the non-oil and gas sector - 5.2%, exceeding the set target. This is what the head of staff of the Ministry of Economy, Alvin Jamalov, said at the meeting of the Milli Majlis Committee for Economic Policy, Industry and Entrepreneurship, dedicated to the first reading of the bill "On the State Budget of the Republic of Azerbaijan for 2027".
Alvin Dzhamalov noted the qualitative changes that have taken place in the economy in recent times. Therefore, considering the expected results for 2026, oil and gas exports will not increase 2.5 times from 2019. As of October 1, 2026, the strategic foreign exchange balances have doubled compared to the end of 2018 and reached $89.4 billion, which is more than the annual GDP and about 20 of the external public debt. The number of employment contracts in the private sector other than oil and gas roughly doubled during this period and constitutes 56.5% of the total number of contracts.