Gross domestic product (GDP) in Azerbaijan
Azerbaijan: Gross domestic product (GDP) was 175.37 billion international-$ in 2011 prices in 2022. ◆ Volatile
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 70th of 165 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.
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
- 67 Kenya 190.36 billion international-$ in 2011 prices compare
- 68 Oman 177.35 billion international-$ in 2011 prices compare
- 69 Belarus 175.77 billion international-$ in 2011 prices compare
- 71 Ecuador 175.03 billion international-$ in 2011 prices compare
- 72 Angola 158.35 billion international-$ in 2011 prices compare
- 73 Slovakia 150.36 billion international-$ in 2011 prices compare
More economy & growth data for Azerbaijan
- External balance on goods and services as a percent of GDP 6.2% (2025)
- Inflation of consumer prices 5.6% (2025)
- GDP per capita 5,936 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 6.0% (2025)
- Gross domestic product (GDP) 60.82 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 5,936 constant 2015 US$ (2025)
- DEC alternative conversion factor 1.7 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.26 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 742.14 million current US$ (2025)
- Taxes less subsidies on products 12.40 billion current LCU (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 70th out of 165 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.