Divergence of GDP per capita among latecomers to the capitalist revolution in Azerbaijan
Azerbaijan: Divergence of GDP per capita among latecomers to the capitalist revolution was 16,628 2011$ in 2018. ◆ Volatile
Latest (2018)
16,628 2011$
Change on year
up 0.6%
World rank
61st
of 145 countries
All-time high
17,460 2011$
in 2015
All-time low
2,999 2011$
in 1995
Years of data
40
1973–2018
Divergence of GDP per capita among latecomers to the capitalist revolution in Azerbaijan, 1973–2018
Source: Maddison Project Database (2018) – processed by Our World in Data. Measured in 2011$.
Analysis
In 2018, divergence of gdp per capita among latecomers to the capitalist revolution in Azerbaijan stood at 16,628 2011$.
Compared with earlier readings it is up 0.6% on the previous year and up 18.2% over ten years.
Over the whole period, divergence of gdp per capita among latecomers to the capitalist revolution in Azerbaijan peaked at 17,460 2011$ in 2015 and was at its lowest, 2,999 2011$, in 1995.
That places Azerbaijan 61st out of 145 countries with data for 2018, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Divergence of GDP per capita among latecomers to the capitalist revolution in Azerbaijan, year by year
| Year | 2011$ | Change |
|---|---|---|
| 1973 | 7,068 2011$ | — |
| 1980 | 7,165 2011$ | +1.4% |
| 1981 | 7,490 2011$ | +4.5% |
| 1982 | 7,831 2011$ | +4.6% |
| 1983 | 8,010 2011$ | +2.3% |
| 1984 | 8,360 2011$ | +4.4% |
| 1985 | 8,558 2011$ | +2.4% |
| 1986 | 8,663 2011$ | +1.2% |
| 1987 | 8,995 2011$ | +3.8% |
| 1988 | 9,328 2011$ | +3.7% |
| 1989 | 8,421 2011$ | -9.7% |
| 1990 | 7,394 2011$ | -12.2% |
| 1991 | 7,319 2011$ | -1.0% |
| 1992 | 5,639 2011$ | -23.0% |
| 1993 | 4,315 2011$ | -23.5% |
| 1994 | 3,453 2011$ | -20.0% |
| 1995 | 2,999 2011$ | -13.1% |
| 1996 | 3,074 2011$ | +2.5% |
| 1997 | 3,348 2011$ | +8.9% |
| 1998 | 3,550 2011$ | +6.1% |
| 1999 | 3,960 2011$ | +11.5% |
| 2000 | 4,215 2011$ | +6.4% |
| 2001 | 4,499 2011$ | +6.7% |
| 2002 | 4,880 2011$ | +8.5% |
| 2003 | 5,409 2011$ | +10.8% |
| 2004 | 5,971 2011$ | +10.4% |
| 2005 | 7,554 2011$ | +26.5% |
| 2006 | 10,160 2011$ | +34.5% |
| 2007 | 12,700 2011$ | +25.0% |
| 2008 | 14,073 2011$ | +10.8% |
| 2009 | 15,384 2011$ | +9.3% |
| 2010 | 16,154 2011$ | +5.0% |
| 2011 | 16,176 2011$ | +0.1% |
| 2012 | 16,359 2011$ | +1.1% |
| 2013 | 17,133 2011$ | +4.7% |
| 2014 | 17,439 2011$ | +1.8% |
| 2015 | 17,460 2011$ | +0.1% |
| 2016 | 16,645 2011$ | -4.7% |
| 2017 | 16,522 2011$ | -0.7% |
| 2018 | 16,628 2011$ | +0.6% |
Azerbaijan compared with similar countries
- Azerbaijan's 16,628 2011$ is above the median for upper middle income countries, which is 13,242 2011$, 1.3× the median. (42 countries reporting)
- Azerbaijan's 16,628 2011$ is below the median for Europe & Central Asia, which is 27,056 2011$, 61% of the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7,068 2011$ | 7,068 2011$ | 7,068 2011$ | 1 |
| 1980s | 8,282 2011$ | 7,165 2011$ | 9,328 2011$ | 10 |
| 1990s | 4,505 2011$ | 2,999 2011$ | 7,394 2011$ | 10 |
| 2000s | 8,484 2011$ | 4,215 2011$ | 15,384 2011$ | 10 |
| 2010s | 16,724 2011$ | 16,154 2011$ | 17,460 2011$ | 9 |
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$), annual growth rate 6.75 % change on previous year (2025)
Frequently asked questions
- What is divergence of gdp per capita among latecomers to the capitalist revolution in Azerbaijan?
- Divergence of gdp per capita among latecomers to the capitalist revolution in Azerbaijan was 16,628 2011$ in 2018, according to Maddison Project Database (2018) – processed by Our World in Data.
- What is the highest divergence of gdp per capita among latecomers to the capitalist revolution recorded in Azerbaijan?
- The highest recorded value was 17,460 2011$ in 2015.
- What is the lowest divergence of gdp per capita among latecomers to the capitalist revolution recorded in Azerbaijan?
- The lowest recorded value was 2,999 2011$ in 1995.
- How does Azerbaijan rank for divergence of gdp per capita among latecomers to the capitalist revolution?
- Azerbaijan ranks 61st out of 145 countries with data for 2018.
- Is divergence of gdp per capita among latecomers to the capitalist revolution rising or falling in Azerbaijan?
- Over the last ten years it is up 18.2%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from Maddison Project Database (2018) – processed by Our World in Data, published as part of Divergence of GDP per capita among latecomers to the capitalist revolution. Statizoid updates them automatically from the source API.
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CSV · JSON — 40 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Unit 1 'The capitalist revolution: prosperity, inequality, and planetary limits’ in The CORE Team, The Economy 2.0 Microeconomics. Available at: https://tinyco.re/4329598 [Figure 1.19]