Gross Domestic Product — Value Standard Local Currency, annual growth in Azerbaijan
Azerbaijan: Gross Domestic Product — Value Standard Local Currency, annual growth was 2.61 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Azerbaijan, 1992–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value standard local currency, annual growth in Azerbaijan is 2.61 % change on previous year, measured in 2024.
That represents a change of up 131.8% on the previous year and up 82.2% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Azerbaijan peaked at 801.97 % change on previous year in 1992 and was at its lowest, -11.38 % change on previous year, in 2020.
That places Azerbaijan 202nd out of 218 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, annual growth in Azerbaijan, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | 801.97 % change on previous year | — |
| 1993 | 551.78 % change on previous year | -31.2% |
| 1995 | 469.5 % change on previous year | -14.9% |
| 1996 | 28.06 % change on previous year | -94.0% |
| 1997 | 15.58 % change on previous year | -44.5% |
| 1998 | 8.94 % change on previous year | -42.6% |
| 1999 | 9.72 % change on previous year | +8.7% |
| 2000 | 24.98 % change on previous year | +157.0% |
| 2001 | 12.66 % change on previous year | -49.3% |
| 2002 | 14.05 % change on previous year | +10.9% |
| 2003 | 17.88 % change on previous year | +27.3% |
| 2004 | 19.36 % change on previous year | +8.3% |
| 2005 | 46.8 % change on previous year | +141.7% |
| 2006 | 49.7 % change on previous year | +6.2% |
| 2007 | 51.29 % change on previous year | +3.2% |
| 2008 | 41.52 % change on previous year | -19.0% |
| 2009 | -11.3 % change on previous year | -127.2% |
| 2010 | 19.28 % change on previous year | -270.6% |
| 2011 | 22.65 % change on previous year | +17.5% |
| 2012 | 5.11 % change on previous year | -77.4% |
| 2013 | 6.28 % change on previous year | +22.9% |
| 2014 | 1.43 % change on previous year | -77.2% |
| 2015 | -7.85 % change on previous year | -649.1% |
| 2016 | 11.12 % change on previous year | -241.6% |
| 2017 | 16.4 % change on previous year | +47.6% |
| 2018 | 13.87 % change on previous year | -15.5% |
| 2019 | 2.25 % change on previous year | -83.8% |
| 2020 | -11.38 % change on previous year | -605.1% |
| 2021 | 28.42 % change on previous year | -349.8% |
| 2022 | 43.74 % change on previous year | +53.9% |
| 2023 | -8.19 % change on previous year | -118.7% |
| 2024 | 2.61 % change on previous year | -131.8% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 2015 | -649.1% | 1.43 % change on previous year | -7.85 % change on previous year |
| 2020 | -605.1% | 2.25 % change on previous year | -11.38 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 269.36 % change on previous year | 8.94 % change on previous year | 801.97 % change on previous year | 7 |
| 2000s | 26.7 % change on previous year | -11.3 % change on previous year | 51.29 % change on previous year | 10 |
| 2010s | 9.05 % change on previous year | -7.85 % change on previous year | 22.65 % change on previous year | 10 |
| 2020s | 11.04 % change on previous year | -11.38 % change on previous year | 43.74 % change on previous year | 5 |
Countries ranked near Azerbaijan
- 199 Seychelles 2.7 % change on previous year compare
- 200 Bosnia and Herzegovina 2.63 % change on previous year compare
- 201 Switzerland 2.61 % change on previous year compare
- 203 Congo 2.57 % change on previous year compare
- 204 Qatar 2.34 % change on previous year compare
- 205 Latvia 2.12 % change on previous year 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, annual growth in Azerbaijan?
- Gross domestic product — value standard local currency, annual growth in Azerbaijan was 2.61 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Azerbaijan?
- The highest recorded value was 801.97 % change on previous year in 1992.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Azerbaijan?
- The lowest recorded value was -11.38 % change on previous year in 2020.
- How does Azerbaijan rank for gross domestic product — value standard local currency, annual growth?
- Azerbaijan ranks 202nd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Azerbaijan?
- Over the last ten years it is up 82.2%. 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, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.