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Azerbaijan GDP

Azerbaijan's GDP rose to $74.32 billion in 2024, up from $72.43 billion in 2023, according to World Bank. This represents an increase of 2.6% ($1.89 billion) from the previous year and accounts for 0.07% of the world's total GDP. Azerbaijan has GDP higher than the global median ($74.32 billion vs median $35.85 billion). Compared with the median in Asia, Azerbaijan is lower ($74.32 billion vs regional median $98.96 billion) and ranks 25th out of 47 countries in Asia.

Azerbaijan's GDP per capita rose to $5,871.13 in 2024, up from $5,668.61 in 2023.

Yearly Historical Data (1990-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 74.32
2023 72.43
2022 78.81
2021 54.83
2020 42.69
2019 48.17
2018 47.11
2017 40.87
2016 37.87
2015 53.08
2014 75.24
2013 74.16
2012 69.68
2011 65.95
2010 52.91
2009 44.29
2008 48.85
2007 33.05
2006 20.98
2005 13.25
2004 8.68
2003 7.28
2002 6.24
2001 5.71
2000 5.27
1999 4.58
1998 4.45
1997 3.96
1996 3.18
1995 2.42
1994 1.19
1993 1.57
1992 0.44
1991 5.34
1990 8.88
Azerbaijan GDP : Definition
GDP measures the total value of all goods and services produced in Azerbaijan, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 4.07% 1.35% 2024
GDP per Capita $5,871.13 $5,668.61 2024
GDP per Capita PPP $22,072.11 $21,310.74 2024
R&D Expenditure (% GDP) 0.18% 0.15% 2023
Real GDP $59.9B $57.56B 2024