Gross Domestic Product — Value Standard Local Currency, 2015 prices in Azerbaijan
Azerbaijan: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.006 million SLC per person in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Azerbaijan, 1991–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
Azerbaijan recorded 0.006 million SLC per person for gross domestic product — value standard local currency, 2015 prices in 2024. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 3.6% on the previous year and up 6.2% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Azerbaijan peaked at 0.006 million SLC per person in 2024 and was at its lowest, 0.0011 million SLC per person, in 1995.
That places Azerbaijan 184th out of 194 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Azerbaijan, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1991 | 0.0028 million SLC per person | — |
| 1992 | 0.0021 million SLC per person | -23.8% |
| 1993 | 0.0016 million SLC per person | -24.3% |
| 1994 | 0.0013 million SLC per person | -20.7% |
| 1995 | 0.0011 million SLC per person | -12.8% |
| 1996 | 0.0011 million SLC per person | +0.2% |
| 1997 | 0.0012 million SLC per person | +4.8% |
| 1998 | 0.0013 million SLC per person | +9.0% |
| 1999 | 0.0014 million SLC per person | +6.5% |
| 2000 | 0.0015 million SLC per person | +10.2% |
| 2001 | 0.0016 million SLC per person | +9.1% |
| 2002 | 0.0018 million SLC per person | +9.7% |
| 2003 | 0.002 million SLC per person | +10.3% |
| 2004 | 0.0022 million SLC per person | +9.2% |
| 2005 | 0.0027 million SLC per person | +25.1% |
| 2006 | 0.0036 million SLC per person | +33.0% |
| 2007 | 0.0044 million SLC per person | +23.6% |
| 2008 | 0.0048 million SLC per person | +8.5% |
| 2009 | 0.0051 million SLC per person | +7.1% |
| 2010 | 0.0053 million SLC per person | +3.8% |
| 2011 | 0.0053 million SLC per person | -1.2% |
| 2012 | 0.0053 million SLC per person | +0.8% |
| 2013 | 0.0056 million SLC per person | +4.4% |
| 2014 | 0.0056 million SLC per person | +1.5% |
| 2015 | 0.0056 million SLC per person | -0.1% |
| 2016 | 0.0054 million SLC per person | -4.2% |
| 2017 | 0.0053 million SLC per person | -0.9% |
| 2018 | 0.0054 million SLC per person | +0.7% |
| 2019 | 0.0055 million SLC per person | +1.6% |
| 2020 | 0.0052 million SLC per person | -4.9% |
| 2021 | 0.0055 million SLC per person | +5.2% |
| 2022 | 0.0057 million SLC per person | +4.6% |
| 2023 | 0.0058 million SLC per person | +1.0% |
| 2024 | 0.006 million SLC per person | +3.6% |
Azerbaijan compared with similar countries
- Azerbaijan's 0.006 million SLC per person is below the median for upper middle income countries, which is 0.0458 million SLC per person, 13% of the median. (54 countries reporting)
- Azerbaijan's 0.006 million SLC per person is below the median for Europe & Central Asia, which is 0.0411 million SLC per person, 15% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0015 million SLC per person | 0.0011 million SLC per person | 0.0028 million SLC per person | 9 |
| 2000s | 0.003 million SLC per person | 0.0015 million SLC per person | 0.0051 million SLC per person | 10 |
| 2010s | 0.0054 million SLC per person | 0.0053 million SLC per person | 0.0056 million SLC per person | 10 |
| 2020s | 0.0056 million SLC per person | 0.0052 million SLC per person | 0.006 million SLC per person | 5 |
Countries ranked near Azerbaijan
- 181 Oman 0.0067 million SLC per person compare
- 182 Tuvalu 0.0066 million SLC per person compare
- 183 Ecuador 0.0061 million SLC per person compare
- 185 Marshall Islands 0.0058 million SLC per person compare
- 186 Sierra Leone 0.0057 million SLC per person compare
- 187 El Salvador 0.0046 million SLC per person 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 — value standard local currency, 2015 prices in Azerbaijan?
- Gross domestic product — value standard local currency, 2015 prices in Azerbaijan was 0.006 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Azerbaijan?
- The highest recorded value was 0.006 million SLC per person in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Azerbaijan?
- The lowest recorded value was 0.0011 million SLC per person in 1995.
- How does Azerbaijan rank for gross domestic product — value standard local currency, 2015 prices?
- Azerbaijan ranks 184th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Azerbaijan?
- Over the last ten years it is up 6.2%. 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 — Value Standard Local Currency, 2015 prices, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
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 — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.