Annual growth rate of real GDP per capita in Azerbaijan
Azerbaijan: Annual growth rate of real GDP per capita was 3.9% in 2024. ◆ Volatile
Annual growth rate of real GDP per capita in Azerbaijan, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual growth rate of real gdp per capita in Azerbaijan stood at 3.9%.
That represents a change of up 225.0% on the previous year and up 178.6% over ten years.
Over the whole period, annual growth rate of real gdp per capita in Azerbaijan peaked at 32.7% in 2006 and was at its lowest, -6.1%, in 2020.
That places Azerbaijan 50th out of 226 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth rate of real GDP per capita in Azerbaijan, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 10.1% | — |
| 2001 | 8.9% | -11.9% |
| 2002 | 9.6% | +7.9% |
| 2003 | 10.2% | +6.2% |
| 2004 | 9.0% | -11.8% |
| 2005 | 24.8% | +175.6% |
| 2006 | 32.7% | +31.9% |
| 2007 | 23.4% | -28.4% |
| 2008 | 9.3% | -60.3% |
| 2009 | 8.0% | -14.0% |
| 2010 | 3.8% | -52.5% |
| 2011 | -1.1% | -128.9% |
| 2012 | 0.9% | -181.8% |
| 2013 | 4.4% | +388.9% |
| 2014 | 1.4% | -68.2% |
| 2015 | -0.1% | -107.1% |
| 2016 | -4.3% | +4200.0% |
| 2017 | -0.9% | -79.1% |
| 2018 | 0.8% | -188.9% |
| 2019 | 0.5% | -37.5% |
| 2020 | -6.1% | -1320.0% |
| 2021 | 5.1% | -183.6% |
| 2022 | 4.0% | -21.6% |
| 2023 | 1.2% | -70.0% |
| 2024 | 3.9% | +225.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.6% | 8.0% | 32.7% | 10 |
| 2010s | 0.5% | -4.3% | 4.4% | 10 |
| 2020s | 1.6% | -6.1% | 5.1% | 5 |
Countries ranked near Azerbaijan
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 910.20 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.012 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 88.83 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 374.19 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 61.79 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0049 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 36.52 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 6.75 % change on previous year (2025)
Frequently asked questions
- What is annual growth rate of real gdp per capita in Azerbaijan?
- Annual growth rate of real gdp per capita in Azerbaijan was 3.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth rate of real gdp per capita recorded in Azerbaijan?
- The highest recorded value was 32.7% in 2006.
- What is the lowest annual growth rate of real gdp per capita recorded in Azerbaijan?
- The lowest recorded value was -6.1% in 2020.
- How does Azerbaijan rank for annual growth rate of real gdp per capita?
- Azerbaijan ranks 50th out of 226 countries with data for 2024.
- Is annual growth rate of real gdp per capita rising or falling in Azerbaijan?
- Over the last ten years it is up 178.6%. 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 growth rate of real GDP per capita (%). Statizoid updates them automatically from the source API.
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