GDP in Azerbaijan
Azerbaijan: GDP was 33.42 billion in 2024. β Volatile
Latest (2024)
33.42 billion
Change on year
up 4.1%
World rank
59th
of 74 countries
All-time high
33.42 billion
in 2024
All-time low
4.80 billion
in 1995
Years of data
35
1990β2024
GDP in Azerbaijan, 1990β2024
Source: UNICEF.
Analysis
In 2024, gdp in Azerbaijan stood at 33.42 billion. That is the highest value across all 35 years on record.
The figure is up 4.1% on the previous year and up 14.0% over ten years.
Over the whole period, gdp in Azerbaijan peaked at 33.42 billion in 2024 and was at its lowest, 4.80 billion, in 1995.
That places Azerbaijan 59th out of 74 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.05 billion | 4.80 billion | 11.48 billion | 10 |
| 2000s | 14.05 billion | 6.76 billion | 25.55 billion | 10 |
| 2010s | 28.40 billion | 26.36 billion | 29.91 billion | 10 |
| 2020s | 31.23 billion | 28.65 billion | 33.42 billion | 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)
- Taxes less subsidies on products (current LCU), annual growth rate -0.0508 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1633 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 1,210 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.4295 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 2.33 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1.7 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.5882 (2025)
- Gdp worldbank constant usd, annual growth rate 1.45 % change on previous year (2025)
Frequently asked questions
- What is gdp in Azerbaijan?
- Gdp in Azerbaijan was 33.42 billion in 2024, according to UNICEF.
- What is the highest gdp recorded in Azerbaijan?
- The highest recorded value was 33.42 billion in 2024.
- What is the lowest gdp recorded in Azerbaijan?
- The lowest recorded value was 4.80 billion in 1995.
- How does Azerbaijan rank for gdp?
- Azerbaijan ranks 59th out of 74 countries with data for 2024.
- Is gdp rising or falling in Azerbaijan?
- Over the last ten years it is up 14.0%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from UNICEF, published as part of GDP (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 35 observations, free to reuse under UNICEF Terms of Use (attribution required).