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Azerbaijan Trade (% GDP)

Azerbaijan's trade (% GDP) fell to 82.69% in 2024, down from 83.54% in 2023, according to World Bank. This represents a decrease of 0.85% from the previous year. Azerbaijan has trade (% GDP) lower than the global median (82.69% vs median 84.49%). Within Asia, it ranks 23rd out of 45 countries.

Yearly Historical Data (1990-2024)

(in %)
Year Trade (% GDP)
2024 82.69%
2023 83.54%
2022 86.98%
2021 76.29%
2020 72.02%
2019 85.82%
2018 91.67%
2017 90.4%
2016 90.08%
2015 72.6%
2014 69.48%
2013 74.68%
2012 78.26%
2011 80.51%
2010 74.99%
2009 74.74%
2008 89.24%
2007 96.64%
2006 105.26%
2005 115.84%
2004 121.51%
2003 107.55%
2002 92.82%
2001 78.82%
2000 78.55%
1999 69.83%
1998 77.23%
1997 82.08%
1996 80.85%
1995 85.89%
1994 55.35%
1993 133.49%
1992 140.8%
1991 86.86%
1990 83.08%
Azerbaijan Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Azerbaijan divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $26.55B $33.9B 2024
Annual Imports $21.05B $17.28B 2024
Exports (% GDP) 45.9% 49% 2024
FDI Inflows (% GDP) 0.31% 0.35% 2024
Imports (% GDP) 36.79% 34.54% 2024
Net Trade (Goods & Services, BoP) $6.77B $10.47B 2024
Tariff Rate 8.89% 9.26% 2022