Real gdp growth in Azerbaijan, Republic of
Azerbaijan, Republic of: Real gdp growth was 4.16 in 2024. ◆ Volatile
Real gdp growth in Azerbaijan, Republic of, 1993–2024
Source: Our World in Data.
Analysis
The most recent figure for real gdp growth in Azerbaijan, Republic of is 4.16, measured in 2024.
That represents a change of up 206.9% on the previous year and up 50.1% over ten years.
Over the whole period, real gdp growth in Azerbaijan, Republic of peaked at 34.47 in 2006 and was at its lowest, -23.1, in 1993.
That places Azerbaijan, Republic of 68th out of 196 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.
Real gdp growth in Azerbaijan, Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | -23.1 | — |
| 1994 | -19.67 | -14.8% |
| 1995 | -13.03 | -33.8% |
| 1996 | 2.53 | -119.4% |
| 1997 | 8.88 | +251.0% |
| 1998 | 6.01 | -32.4% |
| 1999 | 11.4 | +89.7% |
| 2000 | 6.23 | -45.4% |
| 2001 | 9.9 | +59.0% |
| 2002 | 9.44 | -4.7% |
| 2003 | 10.21 | +8.1% |
| 2004 | 9.25 | -9.3% |
| 2005 | 26.4 | +185.3% |
| 2006 | 34.47 | +30.6% |
| 2007 | 25 | -27.5% |
| 2008 | 10.77 | -56.9% |
| 2009 | 9.26 | -14.0% |
| 2010 | 5 | -46.0% |
| 2011 | 0.1 | -98.0% |
| 2012 | 2.2 | +2103.0% |
| 2013 | 5.84 | +165.2% |
| 2014 | 2.77 | -52.6% |
| 2015 | 1.08 | -61.0% |
| 2016 | -3.06 | -383.7% |
| 2017 | 0.154 | -105.0% |
| 2018 | 1.47 | +854.5% |
| 2019 | 2.48 | +68.7% |
| 2020 | -4.2 | -269.3% |
| 2021 | 5.62 | -233.7% |
| 2022 | 4.71 | -16.0% |
| 2023 | 1.35 | -71.3% |
| 2024 | 4.16 | +206.9% |
Azerbaijan, Republic of compared with similar countries
- Azerbaijan, Republic of's 4.16 is above the median for upper middle income countries, which is 3.49, 1.2× the median. (57 countries reporting)
- Azerbaijan, Republic of's 4.16 is above the median for Europe & Central Asia, which is 2.55, 1.6× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth in Azerbaijan, Republic of 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 |
|---|---|---|---|
| 2012 | +2103.0% | 0.1 | 2.2 |
| 2018 | +854.5% | 0.154 | 1.47 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.85 | -23.1 | 11.4 | 7 |
| 2000s | 15.09 | 6.23 | 34.47 | 10 |
| 2010s | 1.8 | -3.06 | 5.84 | 10 |
| 2020s | 2.33 | -4.2 | 5.62 | 5 |
Countries ranked near Azerbaijan, Republic of
More economy & growth data for Azerbaijan, Republic of
- 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 real gdp growth in Azerbaijan, Republic of?
- Real gdp growth in Azerbaijan, Republic of was 4.16 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Azerbaijan, Republic of?
- The highest recorded value was 34.47 in 2006.
- What is the lowest real gdp growth recorded in Azerbaijan, Republic of?
- The lowest recorded value was -23.1 in 1993.
- How does Azerbaijan, Republic of rank for real gdp growth?
- Azerbaijan, Republic of ranks 68th out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Azerbaijan, Republic of?
- Over the last ten years it is up 50.1%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan, Republic of data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
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