GDP growth in Azerbaijan
Azerbaijan: GDP growth was 4.07 in 2024. ◆ Volatile
Latest (2024)
4.07
Change on year
up 200.6%
World rank
13th
of 74 countries
All-time high
34.47
in 2006
All-time low
-23.1
in 1993
Years of data
34
1991–2024
GDP growth in Azerbaijan, 1991–2024
Source: UNICEF.
Analysis
In 2024, gdp growth in Azerbaijan stood at 4.07.
Compared with earlier readings it is up 200.6% on the previous year and up 45.5% over ten years.
Over the whole period, gdp growth in Azerbaijan peaked at 34.47 in 2006 and was at its lowest, -23.1, in 1993.
That places Azerbaijan 13th out of 74 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Azerbaijan, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | -0.7 | — |
| 1992 | -22.6 | +3128.6% |
| 1993 | -23.1 | +2.2% |
| 1994 | -19.7 | -14.7% |
| 1995 | -11.8 | -40.1% |
| 1996 | 1.3 | -111.0% |
| 1997 | 5.8 | +346.2% |
| 1998 | 10 | +72.4% |
| 1999 | 7.4 | -26.0% |
| 2000 | 11.1 | +50.0% |
| 2001 | 9.9 | -10.8% |
| 2002 | 9.44 | -4.7% |
| 2003 | 10.21 | +8.2% |
| 2004 | 9.25 | -9.4% |
| 2005 | 27.96 | +202.2% |
| 2006 | 34.47 | +23.3% |
| 2007 | 25.46 | -26.1% |
| 2008 | 10.59 | -58.4% |
| 2009 | 9.37 | -11.5% |
| 2010 | 4.79 | -48.9% |
| 2011 | -1.57 | -132.8% |
| 2012 | 2.2 | -240.0% |
| 2013 | 5.84 | +165.3% |
| 2014 | 2.8 | -52.1% |
| 2015 | 1.05 | -62.5% |
| 2016 | -3.06 | -391.9% |
| 2017 | 0.1536 | -105.0% |
| 2018 | 1.5 | +876.7% |
| 2019 | 2.48 | +65.3% |
| 2020 | -4.2 | -269.3% |
| 2021 | 5.62 | -233.8% |
| 2022 | 4.71 | -16.1% |
| 2023 | 1.35 | -71.3% |
| 2024 | 4.07 | +200.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -5.93 | -23.1 | 10 | 9 |
| 2000s | 15.78 | 9.25 | 34.47 | 10 |
| 2010s | 1.62 | -3.06 | 5.84 | 10 |
| 2020s | 2.31 | -4.2 | 5.62 | 5 |
Countries ranked near Azerbaijan
- 10 Kazakhstan 5 compare
- 11 Kosovo (UNSCR 1244) 4.57 compare
- 12 Russian Federation 4.34 compare
- 14 Albania 4.05 compare
- 15 Belarus 4.01 compare
- 16 United Arab Emirates 3.99 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)
- Gross domestic savings (current US$), annual growth rate -14.06 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.251 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 1,860 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate -14.06 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 0.4267 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 3,162 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 0.7517 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9931 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gdp growth in Azerbaijan?
- Gdp growth in Azerbaijan was 4.07 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in Azerbaijan?
- The highest recorded value was 34.47 in 2006.
- What is the lowest gdp growth recorded in Azerbaijan?
- The lowest recorded value was -23.1 in 1993.
- How does Azerbaijan rank for gdp growth?
- Azerbaijan ranks 13th out of 74 countries with data for 2024.
- Is gdp growth rising or falling in Azerbaijan?
- Over the last ten years it is up 45.5%. 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 growth (annual %). Statizoid updates them automatically from the source API.
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