GDP (constant LCU) (UNICEF) in Azerbaijan
Azerbaijan: GDP (constant LCU) (UNICEF) was 33.42 billion in 2024. ◆ 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
1990–2024
GDP in Azerbaijan, 1990–2024
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.
GDP (constant LCU) (UNICEF) in Azerbaijan, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 11.48 billion | — |
| 1991 | 11.40 billion | -0.7% |
| 1992 | 8.82 billion | -22.6% |
| 1993 | 6.78 billion | -23.1% |
| 1994 | 5.45 billion | -19.7% |
| 1995 | 4.80 billion | -11.8% |
| 1996 | 4.87 billion | +1.3% |
| 1997 | 5.15 billion | +5.8% |
| 1998 | 5.66 billion | +10.0% |
| 1999 | 6.08 billion | +7.4% |
| 2000 | 6.76 billion | +11.1% |
| 2001 | 7.43 billion | +9.9% |
| 2002 | 8.13 billion | +9.4% |
| 2003 | 8.96 billion | +10.2% |
| 2004 | 9.79 billion | +9.3% |
| 2005 | 12.52 billion | +28.0% |
| 2006 | 16.84 billion | +34.5% |
| 2007 | 21.13 billion | +25.5% |
| 2008 | 23.36 billion | +10.6% |
| 2009 | 25.55 billion | +9.4% |
| 2010 | 26.78 billion | +4.8% |
| 2011 | 26.36 billion | -1.6% |
| 2012 | 26.94 billion | +2.2% |
| 2013 | 28.51 billion | +5.8% |
| 2014 | 29.31 billion | +2.8% |
| 2015 | 29.61 billion | +1.0% |
| 2016 | 28.71 billion | -3.1% |
| 2017 | 28.75 billion | +0.2% |
| 2018 | 29.18 billion | +1.5% |
| 2019 | 29.91 billion | +2.5% |
| 2020 | 28.65 billion | -4.2% |
| 2021 | 30.26 billion | +5.6% |
| 2022 | 31.69 billion | +4.7% |
| 2023 | 32.12 billion | +1.4% |
| 2024 | 33.42 billion | +4.1% |
Azerbaijan compared with similar countries
- Azerbaijan's 33.42 billion is below the median for upper middle income countries, which is 508.57 billion, 7% of the median. (19 countries reporting)
- Azerbaijan's 33.42 billion is below the median for Europe & Central Asia, which is 490.93 billion, 7% of the median. (52 countries reporting)
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
- Real gdp growth, annual growth rate 206.94 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate -4 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0074 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 55.19 units per person (2025)
- SDRs holdings, SDR, annual growth rate -8.58 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0054 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 40.3 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % 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.
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