Gross domestic product (GDP) in Azerbaijan
Azerbaijan: Gross domestic product (GDP) was 210.94 billion international-$ in 2021 prices in 2023. ◆ Volatile
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.
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
- 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 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.
Download this data
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.