GDP (current LCU) (UNICEF) in Azerbaijan
Azerbaijan: GDP (current LCU) (UNICEF) was 126.34 billion in 2024. ◆ Volatile
GDP in Azerbaijan, 1990–2024
Source: UNICEF.
Analysis
Azerbaijan recorded 126.34 billion for gdp in 2024.
The figure is up 2.6% on the previous year and up 114.1% over ten years.
Over the whole period, gdp in Azerbaijan peaked at 133.97 billion in 2022 and was at its lowest, 293,200, in 1990.
That places Azerbaijan 53rd out of 74 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU) (UNICEF) in Azerbaijan, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 293,200 | — |
| 1991 | 534,400 | +82.3% |
| 1992 | 4.82 million | +802.0% |
| 1993 | 31.40 million | +551.4% |
| 1994 | 374.70 million | +1093.3% |
| 1995 | 2.13 billion | +469.5% |
| 1996 | 2.73 billion | +28.1% |
| 1997 | 3.16 billion | +15.6% |
| 1998 | 3.44 billion | +8.9% |
| 1999 | 3.78 billion | +9.7% |
| 2000 | 4.72 billion | +25.0% |
| 2001 | 5.32 billion | +12.7% |
| 2002 | 6.06 billion | +14.1% |
| 2003 | 7.15 billion | +17.9% |
| 2004 | 8.53 billion | +19.4% |
| 2005 | 12.52 billion | +46.8% |
| 2006 | 18.75 billion | +49.7% |
| 2007 | 28.36 billion | +51.3% |
| 2008 | 40.14 billion | +41.5% |
| 2009 | 35.60 billion | -11.3% |
| 2010 | 42.47 billion | +19.3% |
| 2011 | 52.08 billion | +22.6% |
| 2012 | 54.74 billion | +5.1% |
| 2013 | 58.18 billion | +6.3% |
| 2014 | 59.01 billion | +1.4% |
| 2015 | 54.38 billion | -7.9% |
| 2016 | 60.43 billion | +11.1% |
| 2017 | 70.34 billion | +16.4% |
| 2018 | 80.09 billion | +13.9% |
| 2019 | 81.90 billion | +2.3% |
| 2020 | 72.58 billion | -11.4% |
| 2021 | 93.20 billion | +28.4% |
| 2022 | 133.97 billion | +43.7% |
| 2023 | 123.13 billion | -8.1% |
| 2024 | 126.34 billion | +2.6% |
Azerbaijan compared with similar countries
- Azerbaijan's 126.34 billion is below the median for upper middle income countries, which is 964.09 billion, 13% of the median. (19 countries reporting)
- Azerbaijan's 126.34 billion is below the median for Europe & Central Asia, which is 591.53 billion, 21% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU) (UNICEF) in Azerbaijan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +1093.3% | 31.40 million | 374.70 million |
| 1992 | +802.0% | 534,400 | 4.82 million |
| 1993 | +551.4% | 4.82 million | 31.40 million |
| 1995 | +469.5% | 374.70 million | 2.13 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.57 billion | 293,200 | 3.78 billion | 10 |
| 2000s | 16.71 billion | 4.72 billion | 40.14 billion | 10 |
| 2010s | 61.36 billion | 42.47 billion | 81.90 billion | 10 |
| 2020s | 109.84 billion | 72.58 billion | 133.97 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 126.34 billion in 2024, according to UNICEF.
- What is the highest gdp recorded in Azerbaijan?
- The highest recorded value was 133.97 billion in 2022.
- What is the lowest gdp recorded in Azerbaijan?
- The lowest recorded value was 293,200 in 1990.
- How does Azerbaijan rank for gdp?
- Azerbaijan ranks 53rd out of 74 countries with data for 2024.
- Is gdp rising or falling in Azerbaijan?
- Over the last ten years it is up 114.1%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under UNICEF Terms of Use (attribution required).