Annual GDP growth in Azerbaijan
Azerbaijan: Annual GDP growth was 4.1% in 2024. ◆ Volatile
Latest (2024)
4.1%
Change on year
up 200.6%
World rank
61st
of 196 countries
All-time high
34.5%
in 2006
All-time low
-4.2%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Azerbaijan, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
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 61st of 196 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 | Value | 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% |
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
- 58 Guinea-Bissau 4.1% compare
- 59 Burundi 4.1% compare
- 60 Somalia 4.1% compare
- 62 Nigeria 4.1% compare
- 63 Saint Vincent and the Grenadines 4.1% compare
- 64 Brunei Darussalam 4.1% compare
More economy & growth data for Azerbaijan
- 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)
- GNI, Atlas method (current US$), annual growth rate 0.7517 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9931 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 7,360 current US$ per person (2025)
- GNI (current US$), annual growth rate 2.91 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9738 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 7,217 current US$ per person (2025)
- GNI (current LCU), annual growth rate 2.91 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1.66 current LCU per US$ of GDP (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 61st out of 196 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).