Annual gdp growth in Azerbaijan
Azerbaijan: Annual gdp growth was 1.12 in 2023. ◆ Volatile
Latest (2023)
1.12
Change on year
down 76.2%
World rank
156th
of 211 countries
All-time high
34.5
in 2006
All-time low
-4.3
in 2020
Years of data
24
2000–2023
Annual gdp growth in Azerbaijan, 2000–2023
Source: Our World in Data.
Analysis
In 2023, annual gdp growth in Azerbaijan stood at 1.12.
The figure is down 76.2% on the previous year and down 80.7% over ten years.
Over the whole period, annual gdp growth in Azerbaijan peaked at 34.5 in 2006 and was at its lowest, -4.3, in 2020.
That places Azerbaijan 156th out of 211 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.74 | 9.25 | 34.5 | 10 |
| 2010s | 1.81 | -3.1 | 5.81 | 10 |
| 2020s | 1.79 | -4.3 | 5.62 | 4 |
Countries ranked near Azerbaijan
More economy & growth data for Azerbaijan
- External balance on goods and services as a percent of gdp 6.21 (2025)
- Inflation of consumer prices 5.62 (2025)
- Gdp per capita worldbank constant usd 5,936 (2025)
- Manufacturing value added to gdp 5.98 (2025)
- Gdp worldbank constant usd 60.82 billion (2025)
- Gdp per capita in international and market dollars 5,936 (2025)
- DEC alternative conversion factor 1.7 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.26 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 742.14 million current US$ (2025)
- Taxes less subsidies on products 12.40 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Azerbaijan?
- Annual gdp growth in Azerbaijan was 1.12 in 2023, according to Our World in Data.
- 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 -4.3 in 2020.
- How does Azerbaijan rank for annual gdp growth?
- Azerbaijan ranks 156th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Azerbaijan?
- Over the last ten years it is down 80.7%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).