The rebound in economic activity in 2021 continued in the first half of 2022, fueled by strong activity in non-energy sectors. Recovering domestic demand supported growth, while high global energy prices boosted external and fiscal accounts. Risks to the outlook have become balanced.
TANAP will transport natural gas from a gas field in Azerbaijan to and across Turkey, and further to Europe, aiming to diversify Azerbaijan’s gas export markets and improve the security of the energy supply in Turkey and South Eastern Europe.
The Human Capital Index quantifies the contribution of health and education to the productivity of the next generation of workers. Countries can use it to assess how much income they are foregoing because of human capital gaps, and how much faster they can turn these losses into gains if they act now.