Real gdp growth in Azerbaijan
Azerbaijan: Real gdp growth was 4.16 in 2024. ◆ Volatile
Latest (2024)
4.16
Change on year
up 206.9%
World rank
68th
of 196 countries
All-time high
34.47
in 2006
All-time low
-23.1
in 1993
Years of data
32
1993–2024
Real gdp growth in Azerbaijan, 1993–2024
Source: Our World in Data.
Analysis
The most recent figure for real gdp growth in Azerbaijan 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 peaked at 34.47 in 2006 and was at its lowest, -23.1, in 1993.
That places Azerbaijan 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.
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
More economy & growth data for Azerbaijan
- External balance on goods and services as a percent of gdp 6.21 (2025)
- Inflation of consumer prices 5.62 (2025)
- Gdp per capita worldbank constant usd 5,936 (2025)
- Manufacturing value added to gdp 5.98 (2025)
- Gdp worldbank constant usd 60.82 billion (2025)
- Gdp per capita in international and market dollars 5,936 (2025)
- DEC alternative conversion factor 1.7 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.26 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 742.14 million current US$ (2025)
- Taxes less subsidies on products 12.40 billion current LCU (2025)
Frequently asked questions
- What is real gdp growth in Azerbaijan?
- Real gdp growth in Azerbaijan was 4.16 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Azerbaijan?
- The highest recorded value was 34.47 in 2006.
- What is the lowest real gdp growth recorded in Azerbaijan?
- The lowest recorded value was -23.1 in 1993.
- How does Azerbaijan rank for real gdp growth?
- Azerbaijan ranks 68th out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Azerbaijan?
- Over the last ten years it is up 50.1%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan 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.
Download this data
CSV · JSON — 32 observations, free to reuse under CC BY 4.0 (Our World in Data).