Gross domestic product (GDP) in Azerbaijan
Azerbaijan: Gross domestic product (GDP) was 45.70 billion current GBP in 2014. ◆ Volatile
Gross domestic product (GDP) in Azerbaijan, 1990–2014
Source: Fouquin and Hugot (2016) – processed by Our World in Data. Measured in current GBP.
Analysis
The most recent figure for gross domestic product (gdp) in Azerbaijan is 45.70 billion current GBP, measured in 2014.
Compared with earlier readings it is down 2.9% on the previous year and up 863.9% over ten years.
Over the whole period, gross domestic product (gdp) in Azerbaijan peaked at 47.05 billion current GBP in 2013 and was at its lowest, 1.93 billion current GBP, in 1995.
That places Azerbaijan 70th out of 200 countries with data for 2014, 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 (GDP) in Azerbaijan, year by year
| Year | current GBP | Change |
|---|---|---|
| 1990 | 4.99 billion current GBP | — |
| 1991 | 4.99 billion current GBP | -0.1% |
| 1992 | 2.84 billion current GBP | -43.0% |
| 1993 | 2.65 billion current GBP | -6.9% |
| 1994 | 2.17 billion current GBP | -18.3% |
| 1995 | 1.93 billion current GBP | -10.7% |
| 1996 | 2.04 billion current GBP | +5.3% |
| 1997 | 2.42 billion current GBP | +18.9% |
| 1998 | 2.68 billion current GBP | +10.9% |
| 1999 | 2.83 billion current GBP | +5.5% |
| 2000 | 3.48 billion current GBP | +23.1% |
| 2001 | 3.96 billion current GBP | +13.8% |
| 2002 | 4.16 billion current GBP | +4.9% |
| 2003 | 4.46 billion current GBP | +7.1% |
| 2004 | 4.74 billion current GBP | +6.4% |
| 2005 | 7.28 billion current GBP | +53.7% |
| 2006 | 11.40 billion current GBP | +56.5% |
| 2007 | 16.52 billion current GBP | +44.8% |
| 2008 | 26.57 billion current GBP | +60.9% |
| 2009 | 28.43 billion current GBP | +7.0% |
| 2010 | 34.24 billion current GBP | +20.4% |
| 2011 | 41.16 billion current GBP | +20.2% |
| 2012 | 43.51 billion current GBP | +5.7% |
| 2013 | 47.05 billion current GBP | +8.1% |
| 2014 | 45.70 billion current GBP | -2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.95 billion current GBP | 1.93 billion current GBP | 4.99 billion current GBP | 10 |
| 2000s | 11.10 billion current GBP | 3.48 billion current GBP | 28.43 billion current GBP | 10 |
| 2010s | 42.33 billion current GBP | 34.24 billion current GBP | 47.05 billion current GBP | 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 US$), annual growth 2.26 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.904 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 6,699 current US$ per person (2025)
- 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)
Frequently asked questions
- What is gross domestic product (gdp) in Azerbaijan?
- Gross domestic product (gdp) in Azerbaijan was 45.70 billion current GBP in 2014, according to Fouquin and Hugot (2016) – processed by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Azerbaijan?
- The highest recorded value was 47.05 billion current GBP in 2013.
- What is the lowest gross domestic product (gdp) recorded in Azerbaijan?
- The lowest recorded value was 1.93 billion current GBP in 1995.
- How does Azerbaijan rank for gross domestic product (gdp)?
- Azerbaijan ranks 70th out of 200 countries with data for 2014.
- Is gross domestic product (gdp) rising or falling in Azerbaijan?
- Over the last ten years it is up 863.9%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from Fouquin and Hugot (2016) – processed by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
This data is expressed in British pounds. It is not adjusted for inflation or differences in living costs between countries.