Gross domestic product (GDP), per unit of GDP in Azerbaijan
Azerbaijan: Gross domestic product (GDP), per unit of GDP was 2.91 international-$ in 2021 prices per US$ of GDP in 2023. ◆ Volatile
Gross domestic product (GDP), per unit of GDP in Azerbaijan, 1990–2023
Source: Statizoid (derived). Measured in international-$ in 2021 prices per US$ of GDP.
Analysis
Azerbaijan recorded 2.91 international-$ in 2021 prices per US$ of GDP for gross domestic product (gdp), per unit of gdp in 2023.
That represents a change of up 7.2% on the previous year and up 8.6% over ten years.
Over the whole period, gross domestic product (gdp), per unit of gdp in Azerbaijan peaked at 22.42 international-$ in 2021 prices per US$ of GDP in 1994 and was at its lowest, 2.42 international-$ in 2021 prices per US$ of GDP, in 2008.
Azerbaijan ranks 34th of 180 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), per unit of GDP in Azerbaijan, year by year
| Year | international-$ in 2021 prices per US$ of GDP | Change |
|---|---|---|
| 1990 | 6.48 international-$ in 2021 prices per US$ of GDP | — |
| 1993 | 17.22 international-$ in 2021 prices per US$ of GDP | +165.7% |
| 1994 | 22.42 international-$ in 2021 prices per US$ of GDP | +30.2% |
| 1995 | 9.26 international-$ in 2021 prices per US$ of GDP | -58.7% |
| 1996 | 7.23 international-$ in 2021 prices per US$ of GDP | -21.9% |
| 1997 | 5.76 international-$ in 2021 prices per US$ of GDP | -20.3% |
| 1998 | 5.15 international-$ in 2021 prices per US$ of GDP | -10.6% |
| 1999 | 5.25 international-$ in 2021 prices per US$ of GDP | +1.9% |
| 2000 | 5.08 international-$ in 2021 prices per US$ of GDP | -3.2% |
| 2001 | 5.24 international-$ in 2021 prices per US$ of GDP | +3.0% |
| 2002 | 5.01 international-$ in 2021 prices per US$ of GDP | -4.4% |
| 2003 | 4.61 international-$ in 2021 prices per US$ of GDP | -7.9% |
| 2004 | 4.1 international-$ in 2021 prices per US$ of GDP | -11.1% |
| 2005 | 4.02 international-$ in 2021 prices per US$ of GDP | -1.9% |
| 2006 | 3.63 international-$ in 2021 prices per US$ of GDP | -9.7% |
| 2007 | 3.19 international-$ in 2021 prices per US$ of GDP | -12.3% |
| 2008 | 2.42 international-$ in 2021 prices per US$ of GDP | -24.1% |
| 2009 | 2.74 international-$ in 2021 prices per US$ of GDP | +13.2% |
| 2010 | 2.76 international-$ in 2021 prices per US$ of GDP | +0.7% |
| 2011 | 2.82 international-$ in 2021 prices per US$ of GDP | +2.4% |
| 2012 | 2.94 international-$ in 2021 prices per US$ of GDP | +4.3% |
| 2013 | 2.68 international-$ in 2021 prices per US$ of GDP | -8.9% |
| 2014 | 2.71 international-$ in 2021 prices per US$ of GDP | +0.9% |
| 2015 | 3.21 international-$ in 2021 prices per US$ of GDP | +18.8% |
| 2016 | 4.32 international-$ in 2021 prices per US$ of GDP | +34.4% |
| 2017 | 3.88 international-$ in 2021 prices per US$ of GDP | -10.3% |
| 2018 | 3.58 international-$ in 2021 prices per US$ of GDP | -7.7% |
| 2019 | 3.81 international-$ in 2021 prices per US$ of GDP | +6.5% |
| 2020 | 4.19 international-$ in 2021 prices per US$ of GDP | +9.9% |
| 2021 | 3.63 international-$ in 2021 prices per US$ of GDP | -13.3% |
| 2022 | 2.72 international-$ in 2021 prices per US$ of GDP | -25.2% |
| 2023 | 2.91 international-$ in 2021 prices per US$ of GDP | +7.2% |
Azerbaijan compared with similar countries
- Azerbaijan's 2.91 international-$ in 2021 prices per US$ of GDP is above the median for upper middle income countries, which is 2.35 international-$ in 2021 prices per US$ of GDP, 1.2× the median. (51 countries reporting)
- Azerbaijan's 2.91 international-$ in 2021 prices per US$ of GDP is above the median for Europe & Central Asia, which is 1.5 international-$ in 2021 prices per US$ of GDP, 1.9× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), per unit of 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 | +165.7% | 6.48 international-$ in 2021 prices per US$ of GDP | 17.22 international-$ in 2021 prices per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.85 international-$ in 2021 prices per US$ of GDP | 5.15 international-$ in 2021 prices per US$ of GDP | 22.42 international-$ in 2021 prices per US$ of GDP | 8 |
| 2000s | 4 international-$ in 2021 prices per US$ of GDP | 2.42 international-$ in 2021 prices per US$ of GDP | 5.24 international-$ in 2021 prices per US$ of GDP | 10 |
| 2010s | 3.27 international-$ in 2021 prices per US$ of GDP | 2.68 international-$ in 2021 prices per US$ of GDP | 4.32 international-$ in 2021 prices per US$ of GDP | 10 |
| 2020s | 3.36 international-$ in 2021 prices per US$ of GDP | 2.72 international-$ in 2021 prices per US$ of GDP | 4.19 international-$ in 2021 prices per US$ of GDP | 4 |
Countries ranked near Azerbaijan
- 31 Kenya 2.93 international-$ in 2021 prices per US$ of GDP compare
- 32 Iran 2.93 international-$ in 2021 prices per US$ of GDP compare
- 33 Tanzania 2.92 international-$ in 2021 prices per US$ of GDP compare
- 35 Georgia 2.91 international-$ in 2021 prices per US$ of GDP compare
- 36 Equatorial Guinea 2.86 international-$ in 2021 prices per US$ of GDP compare
- 37 Indonesia 2.86 international-$ in 2021 prices per US$ of GDP 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$), annual growth rate 6.75 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), per unit of gdp in Azerbaijan?
- Gross domestic product (gdp), per unit of gdp in Azerbaijan was 2.91 international-$ in 2021 prices per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per unit of gdp recorded in Azerbaijan?
- The highest recorded value was 22.42 international-$ in 2021 prices per US$ of GDP in 1994.
- What is the lowest gross domestic product (gdp), per unit of gdp recorded in Azerbaijan?
- The lowest recorded value was 2.42 international-$ in 2021 prices per US$ of GDP in 2008.
- How does Azerbaijan rank for gross domestic product (gdp), per unit of gdp?
- Azerbaijan ranks 34th out of 180 countries with data for 2023.
- Is gross domestic product (gdp), per unit of gdp rising or falling in Azerbaijan?
- Over the last ten years it is up 8.6%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), per unit of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 32 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross domestic product (GDP) ÷ GDP (current US$)
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.