The economy of Azerbaijan grew 2.5 percent year-on-year in January-September 2019, accelerating from a 2.4 percent expansion in the previous period. During this period, except for the construction sector, there was an increase in production in all sectors of the economy. Leading Economic Index in Azerbaijan averaged 8.39 percent from 2006 until 2019, 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.
Leading Economic Index in Azerbaijan is expected to be 2.40 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 2.70 in 12 months time. In the long-term, the Azerbaijan GDP YoY is projected to trend around 3.10 percent in 2020, according to our econometric models.