Gross Domestic Product — Value US$ in Azerbaijan
Azerbaijan: Gross Domestic Product — Value US$ was 74,242 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ 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$ in Azerbaijan is 74,242 million USD, measured in 2024.
The figure is up 2.6% on the previous year and down 1.3% over ten years.
Over the whole period, gross domestic product — value us$ in Azerbaijan peaked at 78,808 million USD in 2022 and was at its lowest, 3,081 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$ in Azerbaijan, year by year
| Year | million USD | Change |
|---|---|---|
| 1991 | 6,691 million USD | — |
| 1992 | 5,297 million USD | -20.8% |
| 1993 | 4,170 million USD | -21.3% |
| 1994 | 3,422 million USD | -17.9% |
| 1995 | 3,081 million USD | -10.0% |
| 1996 | 3,177 million USD | +3.1% |
| 1997 | 3,962 million USD | +24.7% |
| 1998 | 4,446 million USD | +12.2% |
| 1999 | 4,581 million USD | +3.0% |
| 2000 | 5,273 million USD | +15.1% |
| 2001 | 5,708 million USD | +8.3% |
| 2002 | 6,236 million USD | +9.3% |
| 2003 | 7,276 million USD | +16.7% |
| 2004 | 8,680 million USD | +19.3% |
| 2005 | 13,245 million USD | +52.6% |
| 2006 | 20,982 million USD | +58.4% |
| 2007 | 33,049 million USD | +57.5% |
| 2008 | 48,851 million USD | +47.8% |
| 2009 | 44,292 million USD | -9.3% |
| 2010 | 52,906 million USD | +19.4% |
| 2011 | 65,953 million USD | +24.7% |
| 2012 | 69,680 million USD | +5.7% |
| 2013 | 74,161 million USD | +6.4% |
| 2014 | 75,240 million USD | +1.5% |
| 2015 | 53,076 million USD | -29.5% |
| 2016 | 37,867 million USD | -28.7% |
| 2017 | 40,867 million USD | +7.9% |
| 2018 | 47,112 million USD | +15.3% |
| 2019 | 48,174 million USD | +2.3% |
| 2020 | 42,693 million USD | -11.4% |
| 2021 | 54,825 million USD | +28.4% |
| 2022 | 78,808 million USD | +43.7% |
| 2023 | 72,356 million USD | -8.2% |
| 2024 | 74,242 million USD | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4,314 million USD | 3,081 million USD | 6,691 million USD | 9 |
| 2000s | 19,359 million USD | 5,273 million USD | 48,851 million USD | 10 |
| 2010s | 56,504 million USD | 37,867 million USD | 75,240 million USD | 10 |
| 2020s | 64,585 million USD | 42,693 million USD | 78,808 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)
- Net primary income (Net income from abroad) (current LCU), annual 22.66 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate -0.0508 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.096 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 711.72 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate -0.0508 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1633 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 1,210 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.4295 (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Azerbaijan?
- Gross domestic product — value us$ in Azerbaijan was 74,242 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Azerbaijan?
- The highest recorded value was 78,808 million USD in 2022.
- What is the lowest gross domestic product — value us$ recorded in Azerbaijan?
- The lowest recorded value was 3,081 million USD in 1995.
- How does Azerbaijan rank for gross domestic product — value us$?
- Azerbaijan ranks 83rd out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Azerbaijan?
- Over the last ten years it is down 1.3%. 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$. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).