Gross Fixed Capital Formation — Value Standard Local Currency, per in Azerbaijan
Azerbaijan: Gross Fixed Capital Formation — Value Standard Local Currency, per was 0.221 million SLC per square kilometre in 2023. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, per in Azerbaijan, 1992–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
In 2023, gross fixed capital formation — value standard local currency, per in Azerbaijan stood at 0.221 million SLC per square kilometre. That is the highest value across all 32 years on record.
Compared with earlier readings it is up 13.5% on the previous year and up 21.7% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, per in Azerbaijan peaked at 0.221 million SLC per square kilometre in 2023 and was at its lowest, 0 million SLC per square kilometre, in 1992.
That places Azerbaijan 166th out of 194 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency, per in Azerbaijan, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1992 | 0 million SLC per square kilometre | — |
| 1993 | 0.0001 million SLC per square kilometre | +525.6% |
| 1994 | 0.0012 million SLC per square kilometre | +1395.4% |
| 1995 | 0.004 million SLC per square kilometre | +239.3% |
| 1996 | 0.0096 million SLC per square kilometre | +138.3% |
| 1997 | 0.014 million SLC per square kilometre | +46.9% |
| 1998 | 0.0147 million SLC per square kilometre | +4.8% |
| 1999 | 0.013 million SLC per square kilometre | -11.5% |
| 2000 | 0.0132 million SLC per square kilometre | +1.5% |
| 2001 | 0.0147 million SLC per square kilometre | +11.4% |
| 2002 | 0.025 million SLC per square kilometre | +69.8% |
| 2003 | 0.0457 million SLC per square kilometre | +82.8% |
| 2004 | 0.0595 million SLC per square kilometre | +30.2% |
| 2005 | 0.0626 million SLC per square kilometre | +5.1% |
| 2006 | 0.0674 million SLC per square kilometre | +7.7% |
| 2007 | 0.0734 million SLC per square kilometre | +9.0% |
| 2008 | 0.0902 million SLC per square kilometre | +22.9% |
| 2009 | 0.0811 million SLC per square kilometre | -10.1% |
| 2010 | 0.0933 million SLC per square kilometre | +15.1% |
| 2011 | 0.1271 million SLC per square kilometre | +36.2% |
| 2012 | 0.1487 million SLC per square kilometre | +17.0% |
| 2013 | 0.1816 million SLC per square kilometre | +22.1% |
| 2014 | 0.1958 million SLC per square kilometre | +7.9% |
| 2015 | 0.183 million SLC per square kilometre | -6.5% |
| 2016 | 0.183 million SLC per square kilometre | -0.0% |
| 2017 | 0.2027 million SLC per square kilometre | +10.8% |
| 2018 | 0.2005 million SLC per square kilometre | -1.1% |
| 2019 | 0.2094 million SLC per square kilometre | +4.4% |
| 2020 | 0.1991 million SLC per square kilometre | -4.9% |
| 2021 | 0.183 million SLC per square kilometre | -8.1% |
| 2022 | 0.1947 million SLC per square kilometre | +6.4% |
| 2023 | 0.221 million SLC per square kilometre | +13.5% |
Azerbaijan compared with similar countries
- Azerbaijan's 0.221 million SLC per square kilometre is below the median for upper middle income countries, which is 2.09 million SLC per square kilometre, 11% of the median. (54 countries reporting)
- Azerbaijan's 0.221 million SLC per square kilometre is below the median for Europe & Central Asia, which is 1.89 million SLC per square kilometre, 12% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency, per 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 | +1395.4% | 0.0001 million SLC per square kilometre | 0.0012 million SLC per square kilometre |
| 1993 | +525.6% | 0 million SLC per square kilometre | 0.0001 million SLC per square kilometre |
| 1995 | +239.3% | 0.0012 million SLC per square kilometre | 0.004 million SLC per square kilometre |
| 1996 | +138.3% | 0.004 million SLC per square kilometre | 0.0096 million SLC per square kilometre |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0071 million SLC per square kilometre | 0 million SLC per square kilometre | 0.0147 million SLC per square kilometre | 8 |
| 2000s | 0.0533 million SLC per square kilometre | 0.0132 million SLC per square kilometre | 0.0902 million SLC per square kilometre | 10 |
| 2010s | 0.1725 million SLC per square kilometre | 0.0933 million SLC per square kilometre | 0.2094 million SLC per square kilometre | 10 |
| 2020s | 0.1994 million SLC per square kilometre | 0.183 million SLC per square kilometre | 0.221 million SLC per square kilometre | 4 |
Countries ranked near Azerbaijan
- 163 Belarus 0.2326 million SLC per square kilometre compare
- 164 Palau 0.226 million SLC per square kilometre compare
- 165 Turkmenistan 0.221 million SLC per square kilometre compare
- 167 Bosnia and Herzegovina 0.2206 million SLC per square kilometre compare
- 168 Brazil 0.2149 million SLC per square kilometre compare
- 169 Finland 0.2085 million SLC per square kilometre 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 fixed capital formation — value standard local currency, per in Azerbaijan?
- Gross fixed capital formation — value standard local currency, per in Azerbaijan was 0.221 million SLC per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, per recorded in Azerbaijan?
- The highest recorded value was 0.221 million SLC per square kilometre in 2023.
- What is the lowest gross fixed capital formation — value standard local currency, per recorded in Azerbaijan?
- The lowest recorded value was 0 million SLC per square kilometre in 1992.
- How does Azerbaijan rank for gross fixed capital formation — value standard local currency, per?
- Azerbaijan ranks 166th out of 194 countries with data for 2023.
- Is gross fixed capital formation — value standard local currency, per rising or falling in Azerbaijan?
- Over the last ten years it is up 21.7%. 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 Fixed Capital Formation — Value Standard Local Currency, per square kilometre. 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
Gross Fixed Capital Formation — Value Standard Local Currency divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value Standard Local Currency ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency Food and Agriculture Organization of the United Nations
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Fixed Capital Formation — Value Standard Local Currency divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.