Gross domestic product (GDP) in Azerbaijan
Azerbaijan: Gross domestic product (GDP) was 175.37 billion international-$ in 2011 prices in 2022. ◆ Volatile
Latest (2022)
175.37 billion international-$ in 2011 prices
Change on year
up 4.6%
World rank
71st
of 166 countries
All-time high
175.37 billion international-$ in 2011 prices
in 2022
All-time low
23.19 billion international-$ in 2011 prices
in 1995
Years of data
44
1973–2022
Gross domestic product (GDP) in Azerbaijan, 1973–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
In 2022, gross domestic product (gdp) in Azerbaijan stood at 175.37 billion international-$ in 2011 prices. That is the highest value across all 44 years on record.
That represents a change of up 4.6% on the previous year and up 17.5% over ten years.
Over the whole period, gross domestic product (gdp) in Azerbaijan peaked at 175.37 billion international-$ in 2011 prices in 2022 and was at its lowest, 23.19 billion international-$ in 2011 prices, in 1995.
Azerbaijan ranks 71st of 166 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Azerbaijan, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 1973 | 38.86 billion international-$ in 2011 prices | — |
| 1980 | 44.23 billion international-$ in 2011 prices | +13.8% |
| 1981 | 46.97 billion international-$ in 2011 prices | +6.2% |
| 1982 | 49.88 billion international-$ in 2011 prices | +6.2% |
| 1983 | 51.83 billion international-$ in 2011 prices | +3.9% |
| 1984 | 55.00 billion international-$ in 2011 prices | +6.1% |
| 1985 | 57.18 billion international-$ in 2011 prices | +4.0% |
| 1986 | 58.70 billion international-$ in 2011 prices | +2.7% |
| 1987 | 61.83 billion international-$ in 2011 prices | +5.3% |
| 1988 | 65.07 billion international-$ in 2011 prices | +5.2% |
| 1989 | 59.80 billion international-$ in 2011 prices | -8.1% |
| 1990 | 53.24 billion international-$ in 2011 prices | -11.0% |
| 1991 | 53.43 billion international-$ in 2011 prices | +0.4% |
| 1992 | 41.80 billion international-$ in 2011 prices | -21.8% |
| 1993 | 32.49 billion international-$ in 2011 prices | -22.3% |
| 1994 | 26.37 billion international-$ in 2011 prices | -18.8% |
| 1995 | 23.19 billion international-$ in 2011 prices | -12.1% |
| 1996 | 24.03 billion international-$ in 2011 prices | +3.6% |
| 1997 | 26.44 billion international-$ in 2011 prices | +10.0% |
| 1998 | 28.33 billion international-$ in 2011 prices | +7.2% |
| 1999 | 31.90 billion international-$ in 2011 prices | +12.6% |
| 2000 | 34.26 billion international-$ in 2011 prices | +7.4% |
| 2001 | 36.86 billion international-$ in 2011 prices | +7.6% |
| 2002 | 40.30 billion international-$ in 2011 prices | +9.3% |
| 2003 | 44.99 billion international-$ in 2011 prices | +11.7% |
| 2004 | 50.11 billion international-$ in 2011 prices | +11.4% |
| 2005 | 64.02 billion international-$ in 2011 prices | +27.8% |
| 2006 | 87.03 billion international-$ in 2011 prices | +35.9% |
| 2007 | 109.94 billion international-$ in 2011 prices | +26.3% |
| 2008 | 123.13 billion international-$ in 2011 prices | +12.0% |
| 2009 | 136.02 billion international-$ in 2011 prices | +10.5% |
| 2010 | 144.30 billion international-$ in 2011 prices | +6.1% |
| 2011 | 145.98 billion international-$ in 2011 prices | +1.2% |
| 2012 | 149.20 billion international-$ in 2011 prices | +2.2% |
| 2013 | 157.91 billion international-$ in 2011 prices | +5.8% |
| 2014 | 162.33 billion international-$ in 2011 prices | +2.8% |
| 2015 | 164.04 billion international-$ in 2011 prices | +1.1% |
| 2016 | 159.01 billion international-$ in 2011 prices | -3.1% |
| 2017 | 159.26 billion international-$ in 2011 prices | +0.2% |
| 2018 | 161.65 billion international-$ in 2011 prices | +1.5% |
| 2019 | 165.65 billion international-$ in 2011 prices | +2.5% |
| 2020 | 158.70 billion international-$ in 2011 prices | -4.2% |
| 2021 | 167.59 billion international-$ in 2011 prices | +5.6% |
| 2022 | 175.37 billion international-$ in 2011 prices | +4.6% |
Azerbaijan compared with similar countries
- Azerbaijan's 175.37 billion international-$ in 2011 prices is above the median for upper middle income countries, which is 146.22 billion international-$ in 2011 prices, 1.2× the median. (47 countries reporting)
- Azerbaijan's 175.37 billion international-$ in 2011 prices is below the median for Europe & Central Asia, which is 245.02 billion international-$ in 2011 prices, 72% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 38.86 billion international-$ in 2011 prices | 38.86 billion international-$ in 2011 prices | 38.86 billion international-$ in 2011 prices | 1 |
| 1980s | 55.05 billion international-$ in 2011 prices | 44.23 billion international-$ in 2011 prices | 65.07 billion international-$ in 2011 prices | 10 |
| 1990s | 34.12 billion international-$ in 2011 prices | 23.19 billion international-$ in 2011 prices | 53.43 billion international-$ in 2011 prices | 10 |
| 2000s | 72.67 billion international-$ in 2011 prices | 34.26 billion international-$ in 2011 prices | 136.02 billion international-$ in 2011 prices | 10 |
| 2010s | 156.93 billion international-$ in 2011 prices | 144.30 billion international-$ in 2011 prices | 165.65 billion international-$ in 2011 prices | 10 |
| 2020s | 167.22 billion international-$ in 2011 prices | 158.70 billion international-$ in 2011 prices | 175.37 billion international-$ in 2011 prices | 3 |
Countries ranked near Azerbaijan
- 68 Kenya 190.36 billion international-$ in 2011 prices compare
- 69 Oman 177.35 billion international-$ in 2011 prices compare
- 70 Belarus 175.77 billion international-$ in 2011 prices compare
- 72 Ecuador 175.03 billion international-$ in 2011 prices compare
- 73 Angola 158.35 billion international-$ in 2011 prices compare
- 74 Slovakia 150.36 billion international-$ in 2011 prices 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$), annual growth rate 6.75 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Azerbaijan?
- Gross domestic product (gdp) in Azerbaijan was 175.37 billion international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Azerbaijan?
- The highest recorded value was 175.37 billion international-$ in 2011 prices in 2022.
- What is the lowest gross domestic product (gdp) recorded in Azerbaijan?
- The lowest recorded value was 23.19 billion international-$ in 2011 prices in 1995.
- How does Azerbaijan rank for gross domestic product (gdp)?
- Azerbaijan ranks 71st out of 166 countries with data for 2022.
- Is gross domestic product (gdp) rising or falling in Azerbaijan?
- Over the last ten years it is up 17.5%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.