The Gross Domestic Product (GDP) in Azerbaijan was worth 74.32 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Azerbaijan represents 0.07 percent of the world economy. This dataset provides - Azerbaijan GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Azerbaijan GDP Per Capita

• Azerbaijan Gross Domestic Product (GDP) per Capita reached 7,283.800 USD in Dec 2024, compared with 7,133.000 USD in Dec 2023.
• Azerbaijan GDP Per Capita data is updated yearly, available from Dec 1990 to Dec 2024, with an average number of 3,841.700 USD.
• The data reached an all-time high of 7,990.800 USD in Dec 2014 and a record low of 98.300 in Dec 1991.

• In the latest reports, Azerbaijan GDP expanded 4.905 % YoY in Sep 2024.
• Azerbaijan Nominal GDP reached 20.960 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 21.660 % in Dec 2022.
• Gross Savings Rate of Azerbaijan was measured at 29.940 % in Sep 2024.

The gross domestic product (GDP) in current prices in Azerbaijan amounted to about 74.32 billion U.S. dollars in 2024. Between 1992 and 2024, the GDP rose by approximately 73.13 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 26.58 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

Azerbaijan Pipeline Transport: Tonne-km per One Thousand Units of Current USD GDP data was reported at 926.168 Ratio in 2023. This records an increase from the previous number of 829.020 Ratio for 2022. Azerbaijan Pipeline Transport: Tonne-km per One Thousand Units of Current USD GDP data is updated yearly, averaging 898.804 Ratio from Dec 1994 (Median) to 2023, with 30 observations. The data reached an all-time high of 1,740.936 Ratio in 2016 and a record low of 116.191 Ratio in 2005. Azerbaijan Pipeline Transport: Tonne-km per One Thousand Units of Current USD GDP data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Azerbaijan – Table AZ.OECD.ITF: Freight Transport by Mode of Transport: Non OECD Member: Annual. [COVERAGE] PIPELINE TRANSPORT Pipeline transport is any movement of crude or refined liquid petroleum products or gases in a given pipeline network. [COVERAGE] PIPELINE TRANSPORT In 2006, there was an increase due to the creation of the Baku-Tbilisi-Ceyhan oil pipeline. In 2007, there was an increase due to the creation of the South Caucasian gas pipeline.

Turkey TR: Pipeline Transport: Tonne-km per One Thousand Units of Current USD GDP data was reported at 12.706 Ratio in 2023. This records a decrease from the previous number of 54.772 Ratio for 2022. Turkey TR: Pipeline Transport: Tonne-km per One Thousand Units of Current USD GDP data is updated yearly, averaging 54.034 Ratio from Dec 1994 (Median) to 2023, with 30 observations. The data reached an all-time high of 220.846 Ratio in 1999 and a record low of 10.850 Ratio in 2006. Turkey TR: Pipeline Transport: Tonne-km per One Thousand Units of Current USD GDP data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Turkey – Table TR.OECD.ITF: Freight Transport by Mode of Transport: OECD Member: Annual. [COVERAGE] PIPELINE TRANSPORT Pipeline transport is any movement of crude or refined liquid petroleum products or gases in a given pipeline network. [COVERAGE] PIPELINE TRANSPORT In 2007, there was an increase due to the starting of the Baku-Tbilisi-Ceyhan oil pipeline.