GDP growth of Azerbaijan (current and forecast)

In Azerbaijan, growth decelerated to 2.8 percent in 2014, reflecting low oil prices, interruptions in oil sector output, and a sharp deceleration of non-oil GDP growth due to declining public investment. Both current account and fiscal surpluses declined sharply. The current account surplus is projected to decline to 3.9 percent of GDP in 2015, from 14.1 percent in 2014, despite a 34 percent devaluation of the manat in February 2015.