Gross Domestic Product, GDP in millions constant 2021 international $ in Azerbaijan
Azerbaijan: Gross Domestic Product, GDP in millions constant 2021 international $ was 243,602 in 2027. ◆ Volatile
Gross Domestic Product, GDP in millions constant 2021 international $ in Azerbaijan, 1991–2027
Source: International Labour Organization.
Analysis
Azerbaijan recorded 243,602 for gross domestic product, gdp in millions constant 2021 international $ in 2027. That is the highest value across all 37 years on record.
That represents a change of up 2.5% on the previous year and up 25.7% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Azerbaijan peaked at 243,602 in 2027 and was at its lowest, 32,366, in 1995.
Azerbaijan ranks 75th of 188 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 millions constant 2021 international $ in Azerbaijan, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 76,779 | — |
| 1992 | 59,427 | -22.6% |
| 1993 | 45,699 | -23.1% |
| 1994 | 36,697 | -19.7% |
| 1995 | 32,366 | -11.8% |
| 1996 | 32,787 | +1.3% |
| 1997 | 34,689 | +5.8% |
| 1998 | 38,158 | +10.0% |
| 1999 | 40,981 | +7.4% |
| 2000 | 45,530 | +11.1% |
| 2001 | 50,038 | +9.9% |
| 2002 | 54,761 | +9.4% |
| 2003 | 60,351 | +10.2% |
| 2004 | 65,936 | +9.3% |
| 2005 | 84,372 | +28.0% |
| 2006 | 113,453 | +34.5% |
| 2007 | 142,341 | +25.5% |
| 2008 | 157,417 | +10.6% |
| 2009 | 172,166 | +9.4% |
| 2010 | 180,411 | +4.8% |
| 2011 | 177,573 | -1.6% |
| 2012 | 181,485 | +2.2% |
| 2013 | 192,090 | +5.8% |
| 2014 | 197,464 | +2.8% |
| 2015 | 199,536 | +1.0% |
| 2016 | 193,423 | -3.1% |
| 2017 | 193,720 | +0.2% |
| 2018 | 196,627 | +1.5% |
| 2019 | 201,503 | +2.5% |
| 2020 | 193,042 | -4.2% |
| 2021 | 203,883 | +5.6% |
| 2022 | 213,496 | +4.7% |
| 2023 | 216,387 | +1.4% |
| 2024 | 225,196 | +4.1% |
| 2025 | 231,986 | +3.0% |
| 2026 | 237,774 | +2.5% |
| 2027 | 243,602 | +2.5% |
Azerbaijan compared with similar countries
- Azerbaijan's 243,602 is above the median for upper middle income countries, which is 133,081, 1.8× the median. (53 countries reporting)
- Azerbaijan's 243,602 is below the median for Europe & Central Asia, which is 367,047, 66% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 44,176 | 32,366 | 76,779 | 9 |
| 2000s | 94,637 | 45,530 | 172,166 | 10 |
| 2010s | 191,383 | 177,573 | 201,503 | 10 |
| 2020s | 220,671 | 193,042 | 243,602 | 8 |
Countries ranked near Azerbaijan
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 millions constant 2021 international $ in Azerbaijan?
- Gross domestic product, gdp in millions constant 2021 international $ in Azerbaijan was 243,602 in 2027, according to International Labour Organization.
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Azerbaijan?
- The highest recorded value was 243,602 in 2027.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Azerbaijan?
- The lowest recorded value was 32,366 in 1995.
- How does Azerbaijan rank for gross domestic product, gdp in millions constant 2021 international $?
- Azerbaijan ranks 75th out of 188 countries with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Azerbaijan?
- Over the last ten years it is up 25.7%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from International Labour Organization, published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
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About this data
Gross Domestic Product (GDP), Purchasing Power Parity (millions of PPP, constant 2021 international dollars) is a measure to assess the total economic output of a country, adjusted for differences in the purchasing power of the different currencies relative to the US dollar. It is derived from the World Development Indicators of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.