The economy of Azerbaijan shrank 1.7 percent year-on-year in the January-May period of 2020. It was the steepest downturn in economic activity since the January-December period of 2016, as the coronavirus crisis prompted declines in transportation (-10.3 percent) and retail trade (-1.7 percent). On the other hand, growth was observed in agriculture (3.6 percent) and industry (0.4 percent).
Leading Economic Index in Azerbaijan averaged 8.06 percent from 2006 until 2020, 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 July of 2020.
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 3.10 in 12 months time. In the long-term, the Azerbaijan GDP YoY is projected to trend around 3.10 percent in 2021, according to our econometric models.