External balance on goods and services as a percent of GDP in Azerbaijan
Azerbaijan: External balance on goods and services as a percent of GDP was 6.2% in 2025. ◆ Volatile
External balance on goods and services as a percent of GDP in Azerbaijan, 1990–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for external balance on goods and services as a percent of gdp in Azerbaijan is 6.2%, measured in 2025.
Compared with earlier readings it is down 31.7% on the previous year and up 108.0% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Azerbaijan peaked at 42.3% in 2008 and was at its lowest, -31.8%, in 1998.
That places Azerbaijan 29th out of 191 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services as a percent of GDP in Azerbaijan, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 4.6% | — |
| 1991 | 4.5% | -4.0% |
| 1992 | 31.6% | +609.7% |
| 1993 | -18.6% | -158.7% |
| 1994 | -5.9% | -68.2% |
| 1995 | -20.9% | +254.2% |
| 1996 | -31.0% | +48.1% |
| 1997 | -24.0% | -22.5% |
| 1998 | -31.8% | +32.6% |
| 1999 | -13.9% | -56.4% |
| 2000 | 1.8% | -112.9% |
| 2001 | 4.2% | +133.2% |
| 2002 | -7.3% | -274.1% |
| 2003 | -23.5% | +223.2% |
| 2004 | -23.9% | +1.7% |
| 2005 | 10.0% | -142.0% |
| 2006 | 27.7% | +176.3% |
| 2007 | 39.6% | +42.8% |
| 2008 | 42.3% | +6.8% |
| 2009 | 28.5% | -32.6% |
| 2010 | 33.6% | +17.9% |
| 2011 | 32.3% | -3.8% |
| 2012 | 27.7% | -14.4% |
| 2013 | 22.2% | -20.0% |
| 2014 | 17.1% | -23.0% |
| 2015 | 3.0% | -82.5% |
| 2016 | 2.8% | -7.0% |
| 2017 | 6.7% | +140.9% |
| 2018 | 16.5% | +146.7% |
| 2019 | 12.3% | -25.6% |
| 2020 | -0.8% | -106.3% |
| 2021 | 16.7% | -2265.5% |
| 2022 | 33.0% | +97.7% |
| 2023 | 14.5% | -56.2% |
| 2024 | 9.1% | -37.0% |
| 2025 | 6.2% | -31.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -10.5% | -31.8% | 31.6% | 10 |
| 2000s | 9.9% | -23.9% | 42.3% | 10 |
| 2010s | 17.4% | 2.8% | 33.6% | 10 |
| 2020s | 13.1% | -0.8% | 33.0% | 6 |
Countries ranked near Azerbaijan
- 26 Aruba 7.8% compare
- 27 South Sudan 7.8% compare
- 28 Zambia 7.4% compare
- 30 Costa Rica 6.2% compare
- 31 Viet Nam 6.2% compare
- 32 Kazakhstan 6.0% 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)
- 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 external balance on goods and services as a percent of gdp in Azerbaijan?
- External balance on goods and services as a percent of gdp in Azerbaijan was 6.2% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Azerbaijan?
- The highest recorded value was 42.3% in 2008.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Azerbaijan?
- The lowest recorded value was -31.8% in 1998.
- How does Azerbaijan rank for external balance on goods and services as a percent of gdp?
- Azerbaijan ranks 29th out of 191 countries with data for 2025.
- Is external balance on goods and services as a percent of gdp rising or falling in Azerbaijan?
- Over the last ten years it is up 108.0%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.