Gross Domestic Product — Value Standard Local Currency in Azerbaijan
Azerbaijan: Gross Domestic Product — Value Standard Local Currency was 126,211 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Azerbaijan, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Azerbaijan recorded 126,211 million SLC for gross domestic product — value standard local currency in 2024.
The figure is up 2.6% on the previous year and up 113.9% over ten years.
Over the whole period, gross domestic product — value standard local currency in Azerbaijan peaked at 133,973 million SLC in 2022 and was at its lowest, 0.5344 million SLC, in 1991.
Azerbaijan ranks 149th of 218 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 — Value Standard Local Currency in Azerbaijan, year by year
| Year | million SLC | Change |
|---|---|---|
| 1991 | 0.5344 million SLC | — |
| 1992 | 4.82 million SLC | +802.0% |
| 1993 | 31.42 million SLC | +551.8% |
| 1994 | 374.68 million SLC | +1092.6% |
| 1995 | 2,134 million SLC | +469.5% |
| 1996 | 2,733 million SLC | +28.1% |
| 1997 | 3,158 million SLC | +15.6% |
| 1998 | 3,441 million SLC | +8.9% |
| 1999 | 3,775 million SLC | +9.7% |
| 2000 | 4,718 million SLC | +25.0% |
| 2001 | 5,316 million SLC | +12.7% |
| 2002 | 6,062 million SLC | +14.1% |
| 2003 | 7,146 million SLC | +17.9% |
| 2004 | 8,530 million SLC | +19.4% |
| 2005 | 12,522 million SLC | +46.8% |
| 2006 | 18,746 million SLC | +49.7% |
| 2007 | 28,360 million SLC | +51.3% |
| 2008 | 40,137 million SLC | +41.5% |
| 2009 | 35,602 million SLC | -11.3% |
| 2010 | 42,465 million SLC | +19.3% |
| 2011 | 52,082 million SLC | +22.6% |
| 2012 | 54,744 million SLC | +5.1% |
| 2013 | 58,182 million SLC | +6.3% |
| 2014 | 59,014 million SLC | +1.4% |
| 2015 | 54,380 million SLC | -7.9% |
| 2016 | 60,425 million SLC | +11.1% |
| 2017 | 70,338 million SLC | +16.4% |
| 2018 | 80,092 million SLC | +13.9% |
| 2019 | 81,896 million SLC | +2.3% |
| 2020 | 72,578 million SLC | -11.4% |
| 2021 | 93,203 million SLC | +28.4% |
| 2022 | 133,973 million SLC | +43.7% |
| 2023 | 123,006 million SLC | -8.2% |
| 2024 | 126,211 million SLC | +2.6% |
Azerbaijan compared with similar countries
- Azerbaijan's 126,211 million SLC is below the median for upper middle income countries, which is 913,929 million SLC, 14% of the median. (54 countries reporting)
- Azerbaijan's 126,211 million SLC is below the median for Europe & Central Asia, which is 507,692 million SLC, 25% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency 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 |
|---|---|---|---|
| 1994 | +1092.6% | 31.42 million SLC | 374.68 million SLC |
| 1992 | +802.0% | 0.5344 million SLC | 4.82 million SLC |
| 1993 | +551.8% | 4.82 million SLC | 31.42 million SLC |
| 1995 | +469.5% | 374.68 million SLC | 2,134 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,739 million SLC | 0.5344 million SLC | 3,775 million SLC | 9 |
| 2000s | 16,714 million SLC | 4,718 million SLC | 40,137 million SLC | 10 |
| 2010s | 61,362 million SLC | 42,465 million SLC | 81,896 million SLC | 10 |
| 2020s | 109,794 million SLC | 72,578 million SLC | 133,973 million SLC | 5 |
Countries ranked near Azerbaijan
- 146 Tajikistan 151,102 million SLC compare
- 147 Vanuatu 137,465 million SLC compare
- 148 Slovakia 130,018 million SLC compare
- 150 Puerto Rico 125,339 million SLC compare
- 151 Papua New Guinea 125,120 million SLC compare
- 152 Ecuador 122,307 million SLC 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 in Azerbaijan?
- Gross domestic product — value standard local currency in Azerbaijan was 126,211 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Azerbaijan?
- The highest recorded value was 133,973 million SLC in 2022.
- What is the lowest gross domestic product — value standard local currency recorded in Azerbaijan?
- The lowest recorded value was 0.5344 million SLC in 1991.
- How does Azerbaijan rank for gross domestic product — value standard local currency?
- Azerbaijan ranks 149th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Azerbaijan?
- Over the last ten years it is up 113.9%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).