Gross Domestic Product — Value US$, 2015 prices in Azerbaijan
Azerbaijan: Gross Domestic Product — Value US$, 2015 prices was 59,635 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Azerbaijan, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Azerbaijan is 59,635 million USD, measured in 2024. That is the highest value across all 34 years on record.
That represents a change of up 4.1% on the previous year and up 13.6% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Azerbaijan peaked at 59,635 million USD in 2024 and was at its lowest, 8,353 million USD, in 1995.
That places Azerbaijan 83rd out of 203 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Azerbaijan, year by year
| Year | million USD | Change |
|---|---|---|
| 1991 | 19,809 million USD | — |
| 1992 | 15,332 million USD | -22.6% |
| 1993 | 11,790 million USD | -23.1% |
| 1994 | 9,473 million USD | -19.7% |
| 1995 | 8,353 million USD | -11.8% |
| 1996 | 8,458 million USD | +1.3% |
| 1997 | 8,949 million USD | +5.8% |
| 1998 | 9,844 million USD | +10.0% |
| 1999 | 10,572 million USD | +7.4% |
| 2000 | 11,745 million USD | +11.1% |
| 2001 | 12,908 million USD | +9.9% |
| 2002 | 14,272 million USD | +10.6% |
| 2003 | 15,864 million USD | +11.2% |
| 2004 | 17,475 million USD | +10.2% |
| 2005 | 22,091 million USD | +26.4% |
| 2006 | 29,703 million USD | +34.5% |
| 2007 | 37,143 million USD | +25.0% |
| 2008 | 41,140 million USD | +10.8% |
| 2009 | 44,964 million USD | +9.3% |
| 2010 | 47,212 million USD | +5.0% |
| 2011 | 47,245 million USD | +0.1% |
| 2012 | 48,268 million USD | +2.2% |
| 2013 | 51,072 million USD | +5.8% |
| 2014 | 52,477 million USD | +2.8% |
| 2015 | 53,076 million USD | +1.1% |
| 2016 | 51,412 million USD | -3.1% |
| 2017 | 51,454 million USD | +0.1% |
| 2018 | 52,250 million USD | +1.5% |
| 2019 | 53,549 million USD | +2.5% |
| 2020 | 51,278 million USD | -4.2% |
| 2021 | 54,158 million USD | +5.6% |
| 2022 | 56,685 million USD | +4.7% |
| 2023 | 57,302 million USD | +1.1% |
| 2024 | 59,635 million USD | +4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11,398 million USD | 8,353 million USD | 19,809 million USD | 9 |
| 2000s | 24,730 million USD | 11,745 million USD | 44,964 million USD | 10 |
| 2010s | 50,801 million USD | 47,212 million USD | 53,549 million USD | 10 |
| 2020s | 55,811 million USD | 51,278 million USD | 59,635 million USD | 5 |
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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 2.26 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.54 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11,388 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.24 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7178 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 5,320 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.24 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.4085 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Azerbaijan?
- Gross domestic product — value us$, 2015 prices in Azerbaijan was 59,635 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Azerbaijan?
- The highest recorded value was 59,635 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Azerbaijan?
- The lowest recorded value was 8,353 million USD in 1995.
- How does Azerbaijan rank for gross domestic product — value us$, 2015 prices?
- Azerbaijan ranks 83rd out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Azerbaijan?
- Over the last ten years it is up 13.6%. 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 US$, 2015 prices. 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).