Merchandise trade as a proportion of GDP (%) in Azerbaijan
Azerbaijan: Merchandise trade as a proportion of GDP (%) was 64.1% in 2024. ▼ Falling
Merchandise trade as a proportion of GDP in Azerbaijan, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, merchandise trade as a proportion of gdp in Azerbaijan stood at 64.1%.
Compared with earlier readings it is down 9.3% on the previous year and up 28.7% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Azerbaijan peaked at 90.6% in 2005 and was at its lowest, 48.6%, in 2015.
That places Azerbaijan 79th out of 220 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Merchandise trade as a proportion of GDP (%) in Azerbaijan, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 55.3% | — |
| 2001 | 65.6% | +18.6% |
| 2002 | 61.5% | -6.3% |
| 2003 | 71.7% | +16.7% |
| 2004 | 82.2% | +14.6% |
| 2005 | 90.6% | +10.3% |
| 2006 | 87.1% | -3.8% |
| 2007 | 82.6% | -5.2% |
| 2008 | 78.1% | -5.5% |
| 2009 | 62.3% | -20.2% |
| 2010 | 62.8% | +0.7% |
| 2011 | 67.7% | +7.8% |
| 2012 | 61.8% | -8.8% |
| 2013 | 56.7% | -8.3% |
| 2014 | 49.8% | -12.2% |
| 2015 | 48.6% | -2.3% |
| 2016 | 57.0% | +17.3% |
| 2017 | 59.4% | +4.1% |
| 2018 | 67.5% | +13.6% |
| 2019 | 69.1% | +2.5% |
| 2020 | 57.3% | -17.1% |
| 2021 | 61.9% | +7.9% |
| 2022 | 66.9% | +8.1% |
| 2023 | 70.7% | +5.7% |
| 2024 | 64.1% | -9.3% |
Azerbaijan compared with similar countries
- Azerbaijan's 64.1% is above the median for upper middle income countries, which is 56.9%, 1.1× the median. (55 countries reporting)
- Azerbaijan's 64.1% is above the median for Europe & Central Asia, which is 63.9%, 1.0× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 73.7% | 55.3% | 90.6% | 10 |
| 2010s | 60.0% | 48.6% | 69.1% | 10 |
| 2020s | 64.1% | 57.3% | 70.7% | 5 |
Countries ranked near Azerbaijan
More economy & growth data for Azerbaijan
- Real gdp growth, annual growth rate 206.94 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate -4 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0074 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 55.19 units per person (2025)
- SDRs holdings, SDR, annual growth rate -8.58 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0054 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 40.3 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Azerbaijan?
- Merchandise trade as a proportion of gdp in Azerbaijan was 64.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Azerbaijan?
- The highest recorded value was 90.6% in 2005.
- What is the lowest merchandise trade as a proportion of gdp recorded in Azerbaijan?
- The lowest recorded value was 48.6% in 2015.
- How does Azerbaijan rank for merchandise trade as a proportion of gdp?
- Azerbaijan ranks 79th out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Azerbaijan?
- Over the last ten years it is up 28.7%. The long-run trend across the full record is falling.
- Where does this Azerbaijan data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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