The Gross Domestic Product (GDP) in Azerbaijan was worth 72.36 billion US dollars in 2023, 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.

This statistic shows the share of economic sectors in the gross domestic product (GDP) in Azerbaijan from 2013 to 2023. In 2023, the share of agriculture in Azerbaijan's gross domestic product was 5.54 percent, industry contributed approximately 46.63 percent and the services sector contributed about 39.08 percent.

The gross domestic product (GDP) in current prices in Azerbaijan was forecast to continuously increase between 2024 and 2029 by in total 17.6 billion U.S. dollars (+23.27 percent). After the sixth consecutive increasing year, the GDP is estimated to reach 93.2 billion U.S. dollars and therefore a new peak in 2029. 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.Find more statistics on other topics about Azerbaijan with key insights such as the total population, the national debt, and the average inflation rate.

Azerbaijan GDP: Non Oil data was reported at 75,335.800 AZN mn in 2024. This records an increase from the previous number of 69,482.800 AZN mn for 2023. Azerbaijan GDP: Non Oil data is updated yearly, averaging 26,864.400 AZN mn from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 75,335.800 AZN mn in 2024 and a record low of 3,055.800 AZN mn in 2000. Azerbaijan GDP: Non Oil data remains active status in CEIC and is reported by The State Statistical Committee of the Republic of Azerbaijan. The data is categorized under Global Database’s Azerbaijan – Table AZ.A002: GDP: by Expenditure: Current Price: Annual.

The Gross Domestic Product (GDP) in Azerbaijan expanded 5.20 percent in the third quarter of 2024 over the same quarter of the previous year. This dataset provides - Azerbaijan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Non-Oil Real GDP Growth in Constant Prices for Azerbaijan (AZENGDPXORPCHPT) from 2000 to 2025 about Azerbaijan, non-oil, REO, real, GDP, and rate.

Key information about Azerbaijan Nominal GDP Growth

• Azerbaijan Nominal GDP Growth was reported at 5.817 % in Sep 2024.
• This records an increase from the previous number of 2.544 % for Jun 2024.
• Azerbaijan Nominal GDP Growth data is updated quarterly, averaging 13.359 % from Mar 2002 to Sep 2024, with 91 observations.
• The data reached an all-time high of 67.277 % in Mar 2007 and a record low of -22.916 % in Mar 2009.
• Azerbaijan Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

Azerbaijan GDP: Growth data was reported at 1.124 % in 2023. This records a decrease from the previous number of 4.715 % for 2022. Azerbaijan GDP: Growth data is updated yearly, averaging 4.715 % from Dec 1991 (Median) to 2023, with 33 observations. The data reached an all-time high of 34.500 % in 2006 and a record low of -23.100 % in 1993. Azerbaijan GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Monthly GDP YoY in Azerbaijan increased to 0.20 percent in February from -0.90 percent in January of 2025. This dataset includes a chart with historical data for Azerbaijan Monthly GDP YoY.

The Gross Domestic Product per capita in Azerbaijan was last recorded at 5651.35 US dollars in 2023. The GDP per Capita in Azerbaijan is equivalent to 45 percent of the world's average. This dataset provides - Azerbaijan GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The growth of the real gross domestic product (GDP) in Azerbaijan was forecast to decrease between 2024 and 2029 by in total 0.7 percentage points. This overall decrease does not happen continuously, notably not in 2027, 2028 and 2029. The growth is estimated to amount to 2.45 percent in 2029. This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.Find more statistics on other topics about Azerbaijan with key insights such as the share in the global GDP adjusted for purchasing power parity, the total population, and the average inflation rate.

GDP from Agriculture in Azerbaijan increased to 831 AZN Million in the third quarter of 2024 from 571.70 AZN Million in the second quarter of 2024. This dataset provides - Azerbaijan Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Azerbaijan GDP: Monthly: Year to Date data was reported at 9,430.200 AZN mn in Jan 2025. This records a decrease from the previous number of 126,337.000 AZN mn for Dec 2024. Azerbaijan GDP: Monthly: Year to Date data is updated monthly, averaging 26,227.350 AZN mn from Dec 2004 (Median) to Jan 2025, with 242 observations. The data reached an all-time high of 133,972.700 AZN mn in Dec 2022 and a record low of 656.060 AZN mn in Jan 2005. Azerbaijan GDP: Monthly: Year to Date data remains active status in CEIC and is reported by The State Statistical Committee of the Republic of Azerbaijan. The data is categorized under Global Database’s Azerbaijan – Table AZ.A001: GDP: by Expenditure: Current Price.

Azerbaijan Exports: % of GDP data was reported at 60.053 % in 2022. This records an increase from the previous number of 46.500 % for 2021. Azerbaijan Exports: % of GDP data is updated yearly, averaging 48.800 % from Dec 2001 (Median) to 2022, with 21 observations. The data reached an all-time high of 67.642 % in 2007 and a record low of 35.636 % in 2020. Azerbaijan Exports: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Azerbaijan – Table AZ.IMF: Contribution to GDP.

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Poverty, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Millenium development goals, Climate Change, External Debt, Trade.

Azerbaijan GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data was reported at 3.298 % in 2021. This records an increase from the previous number of 1.900 % for 2020. Azerbaijan GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data is updated yearly, averaging 4.600 % from Dec 1993 (Median) to 2021, with 29 observations. The data reached an all-time high of 19.587 % in 2000 and a record low of -16.300 % in 1993. Azerbaijan GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for agricultural, forestry, and fishing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Agriculture corresponds to ISIC divisions 01-03 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

The Gross Domestic Product per capita in Azerbaijan was last recorded at 21262.30 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Azerbaijan, when adjusted by Purchasing Power Parity is equivalent to 120 percent of the world's average. This dataset provides the latest reported value for - Azerbaijan GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP from Construction in Azerbaijan increased to 1100.80 AZN Million in the third quarter of 2024 from 584.30 AZN Million in the second quarter of 2024. This dataset provides - Azerbaijan Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Azerbaijan Real GDP Growth

• The Gross Domestic Product (GDP) in Azerbaijan expanded 4.9 % YoY in Sep 2024, following a growth of 4.2 % in the previous quarter.
• Real GDP Growth YoY data in Azerbaijan is updated quarterly, available from Mar 2001 to Sep 2024, with an average rate of 4.3 %.
• The data reached an all-time high of 40.4 % in Mar 2006 and a record low of -6.7 % in Sep 2020.

• In the latest reports, Nominal GDP of Azerbaijan reached 21.0 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 21.7 % in Dec 2022.
• GDP Per Capita in Azerbaijan reached 7,283.8 USD in Dec 2024.
• Its Gross Savings Rate was measured at 29.9 % in Sep 2024.
• For Nominal GDP contributions, Investment accounted for 20.0 % in Sep 2024.
• Public Consumption accounted for 12.9 % in Sep 2024.
• Private Consumption accounted for 44.4 % in Dec 2022.