Gross domestic product (GDP) in Azerbaijan
Azerbaijan: Gross domestic product (GDP) was 210.94 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
210.94 billion international-$ in 2021 prices
Change on year
down 1.4%
World rank
75th
of 184 countries
All-time high
214.05 billion international-$ in 2021 prices
in 2022
All-time low
22.39 billion international-$ in 2021 prices
in 1995
Years of data
32
1990–2023
Gross domestic product (GDP) in Azerbaijan, 1990–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Azerbaijan recorded 210.94 billion international-$ in 2021 prices for gross domestic product (gdp) in 2023.
That represents a change of down 1.4% on the previous year and up 6.1% over ten years.
Over the whole period, gross domestic product (gdp) in Azerbaijan peaked at 214.05 billion international-$ in 2021 prices in 2022 and was at its lowest, 22.39 billion international-$ in 2021 prices, in 1995.
That places Azerbaijan 75th out of 184 countries with data for 2023, putting it 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 2021 prices | Change |
|---|---|---|
| 1990 | 57.58 billion international-$ in 2021 prices | — |
| 1993 | 27.04 billion international-$ in 2021 prices | -53.0% |
| 1994 | 26.75 billion international-$ in 2021 prices | -1.1% |
| 1995 | 22.39 billion international-$ in 2021 prices | -16.3% |
| 1996 | 22.97 billion international-$ in 2021 prices | +2.6% |
| 1997 | 22.84 billion international-$ in 2021 prices | -0.6% |
| 1998 | 22.91 billion international-$ in 2021 prices | +0.3% |
| 1999 | 24.06 billion international-$ in 2021 prices | +5.0% |
| 2000 | 26.80 billion international-$ in 2021 prices | +11.4% |
| 2001 | 29.88 billion international-$ in 2021 prices | +11.5% |
| 2002 | 31.22 billion international-$ in 2021 prices | +4.5% |
| 2003 | 33.56 billion international-$ in 2021 prices | +7.5% |
| 2004 | 35.60 billion international-$ in 2021 prices | +6.1% |
| 2005 | 53.29 billion international-$ in 2021 prices | +49.7% |
| 2006 | 76.23 billion international-$ in 2021 prices | +43.0% |
| 2007 | 105.34 billion international-$ in 2021 prices | +38.2% |
| 2008 | 118.12 billion international-$ in 2021 prices | +12.1% |
| 2009 | 121.28 billion international-$ in 2021 prices | +2.7% |
| 2010 | 145.90 billion international-$ in 2021 prices | +20.3% |
| 2011 | 186.18 billion international-$ in 2021 prices | +27.6% |
| 2012 | 205.15 billion international-$ in 2021 prices | +10.2% |
| 2013 | 198.87 billion international-$ in 2021 prices | -3.1% |
| 2014 | 203.53 billion international-$ in 2021 prices | +2.3% |
| 2015 | 170.63 billion international-$ in 2021 prices | -16.2% |
| 2016 | 163.56 billion international-$ in 2021 prices | -4.1% |
| 2017 | 158.39 billion international-$ in 2021 prices | -3.2% |
| 2018 | 168.58 billion international-$ in 2021 prices | +6.4% |
| 2019 | 183.60 billion international-$ in 2021 prices | +8.9% |
| 2020 | 178.90 billion international-$ in 2021 prices | -2.6% |
| 2021 | 199.11 billion international-$ in 2021 prices | +11.3% |
| 2022 | 214.05 billion international-$ in 2021 prices | +7.5% |
| 2023 | 210.94 billion international-$ in 2021 prices | -1.4% |
Azerbaijan compared with similar countries
- Azerbaijan's 210.94 billion international-$ in 2021 prices is above the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 1.4× the median. (51 countries reporting)
- Azerbaijan's 210.94 billion international-$ in 2021 prices is below the median for Europe & Central Asia, which is 314.74 billion international-$ in 2021 prices, 67% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP) 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 |
|---|---|---|---|
| 1993 | -53.0% | 57.58 billion international-$ in 2021 prices | 27.04 billion international-$ in 2021 prices |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 28.32 billion international-$ in 2021 prices | 22.39 billion international-$ in 2021 prices | 57.58 billion international-$ in 2021 prices | 8 |
| 2000s | 63.13 billion international-$ in 2021 prices | 26.80 billion international-$ in 2021 prices | 121.28 billion international-$ in 2021 prices | 10 |
| 2010s | 178.44 billion international-$ in 2021 prices | 145.90 billion international-$ in 2021 prices | 205.15 billion international-$ in 2021 prices | 10 |
| 2020s | 200.75 billion international-$ in 2021 prices | 178.90 billion international-$ in 2021 prices | 214.05 billion international-$ in 2021 prices | 4 |
Countries ranked near Azerbaijan
- 72 Guatemala 221.29 billion international-$ in 2021 prices compare
- 73 Oman 220.51 billion international-$ in 2021 prices compare
- 74 Ghana 214.89 billion international-$ in 2021 prices compare
- 76 Bulgaria 191.77 billion international-$ in 2021 prices compare
- 77 Cote d'Ivoire 187.80 billion international-$ in 2021 prices compare
- 78 Turkmenistan 180.45 billion international-$ in 2021 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$), annual growth rate 6.75 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Azerbaijan?
- Gross domestic product (gdp) in Azerbaijan was 210.94 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Azerbaijan?
- The highest recorded value was 214.05 billion international-$ in 2021 prices in 2022.
- What is the lowest gross domestic product (gdp) recorded in Azerbaijan?
- The lowest recorded value was 22.39 billion international-$ in 2021 prices in 1995.
- How does Azerbaijan rank for gross domestic product (gdp)?
- Azerbaijan ranks 75th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Azerbaijan?
- Over the last ten years it is up 6.1%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – 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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CSV · JSON — 32 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.