Annual GDP growth (%) in Azerbaijan
Azerbaijan: Annual GDP growth (%) was 4.1% in 2024. ◆ Volatile
Annual GDP growth in Azerbaijan, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual gdp growth in Azerbaijan stood at 4.1%.
The figure is up 200.6% on the previous year and up 45.5% over ten years.
Over the whole period, annual gdp growth in Azerbaijan peaked at 34.5% in 2006 and was at its lowest, -4.2%, in 2020.
Azerbaijan ranks 74th of 230 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Azerbaijan, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 11.1% | — |
| 2001 | 9.9% | -10.8% |
| 2002 | 9.4% | -4.7% |
| 2003 | 10.2% | +8.2% |
| 2004 | 9.3% | -9.4% |
| 2005 | 28.0% | +202.2% |
| 2006 | 34.5% | +23.3% |
| 2007 | 25.5% | -26.1% |
| 2008 | 10.6% | -58.4% |
| 2009 | 9.4% | -11.5% |
| 2010 | 4.8% | -48.9% |
| 2011 | -1.6% | -132.8% |
| 2012 | 2.2% | -240.0% |
| 2013 | 5.8% | +165.3% |
| 2014 | 2.8% | -52.1% |
| 2015 | 1.0% | -62.5% |
| 2016 | -3.1% | -391.9% |
| 2017 | 0.2% | -105.0% |
| 2018 | 1.5% | +876.7% |
| 2019 | 2.5% | +65.3% |
| 2020 | -4.2% | -269.3% |
| 2021 | 5.6% | -233.8% |
| 2022 | 4.7% | -16.1% |
| 2023 | 1.4% | -71.3% |
| 2024 | 4.1% | +200.6% |
Azerbaijan compared with similar countries
- Azerbaijan's 4.1% is above the median for upper middle income countries, which is 3.5%, 1.2× the median. (56 countries reporting)
- Azerbaijan's 4.1% is above the median for Europe & Central Asia, which is 2.6%, 1.6× the median. (55 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Azerbaijan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | +876.7% | 0.2% | 1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.8% | 9.3% | 34.5% | 10 |
| 2010s | 1.6% | -3.1% | 5.8% | 10 |
| 2020s | 2.3% | -4.2% | 5.6% | 5 |
Countries ranked near Azerbaijan
More economy & growth data for Azerbaijan
- Real gdp growth, annual growth rate 206.94 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.06 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.42 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -4 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0074 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 55.19 units per person (2025)
- SDRs holdings, SDR, annual growth rate -8.58 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0054 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 40.3 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Azerbaijan?
- Annual gdp growth in Azerbaijan was 4.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Azerbaijan?
- The highest recorded value was 34.5% in 2006.
- What is the lowest annual gdp growth recorded in Azerbaijan?
- The lowest recorded value was -4.2% in 2020.
- How does Azerbaijan rank for annual gdp growth?
- Azerbaijan ranks 74th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Azerbaijan?
- Over the last ten years it is up 45.5%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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