GDP Azerbaijan 2024

GDP grows 4.1% in Azerbaijan

Gross Domestic Product of Azerbaijan grew 4.1% in 2024 compared to last year. This rate is 27 -tenths of one percent higher than the figure of 1.4% published in 2023.

The GDP figure in 2024 was €68,680$74,316 million, Azerbaijan is number 87 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Azerbaijan rose €1,715$1,888 million with respect to 2023.

Here we show you the progression of the GDP in Azerbaijan. You can see GDP in other countries in GDP and see all the economic information about Azerbaijan in Azerbaijan's economy.

Evolution: Annual GDP Azerbaijan
DateAnnual GDPAnnual GDPGDP Growth (%)
2024€68,680M$74,316M4.1%
2023€66,965M$72,428M1.4%
2022€74,778M$78,807M4.7%
2021€46,323M$54,825M5.6%
2020€37,408M$42,693M-4.2%
2019€43,028M$48,174M2.5%
2018€39,876M$47,113M1.5%
2017€36,638M$41,375M0.2%
2016€34,186M$37,830M-3.1%
2015€47,761M$52,997M1.1%
2014€56,617M$75,235M2.8%
2013€55,841M$74,164M5.8%
2012€54,203M$69,684M2.2%
2011€47,389M$65,952M0.1%
2010€39,877M$52,909M5.0%
2009€31,794M$44,297M9.3%
2008€33,219M$48,852M10.8%
2007€24,113M$33,050M25.0%
2006€16,711M$20,983M34.5%
2005€10,636M$13,239M26.4%
2004€6,983M$8,682M9.3%
2003€6,434M$7,276M10.2%
2002€6,595M$6,232M9.4%
2001€6,113M$5,475M6.5%
2000€5,707M$5,273M6.2%
1999€4,294M$4,581M11.4%
1998$4,280M6.0%
1997$4,317M8.9%
1996$3,177M2.5%
1995$2,417M-13.0%
1994$2,258M-19.7%
1993$1,309M-23.1%
1992$1,193M-22.6%
1991$5,344M-0.7%
1990$8,885M
Evolution: GDP per capita Azerbaijan
DateGDP per capita GDP per capita GDP P.C. Annual GrowthGDP P.C. Annual Growth
2024€6,701$7,2511.3%1.4%
2023€6,612$7,152-11.0%-8.7%
2022€7,431$7,83160.8%43.2%
2021€4,620$5,46823.2%27.8%
2020€3,751$4,280-13.3%-11.6%
2019€4,324$4,8417.3%1.7%
2018€4,029$4,7607.9%12.9%
2017€3,735$4,2186.0%8.2%
2016€3,522$3,898-29.3%-29.4%
2015€4,979$5,525-16.7%-30.4%
2014€5,974$7,9390.1%0.2%
2013€5,968$7,9271.7%5.0%
2012€5,869$7,54612.8%4.2%
2011€5,201$7,23917.4%23.1%
2010€4,432$5,88124.4%18.4%
2009€3,563$4,965-5.8%-10.8%
2008€3,784$5,56436.0%45.9%
2007€2,782$3,81442.4%55.5%
2006€1,954$2,45355.2%56.5%
2005€1,259$1,56750.5%50.7%
2004€836$1,0407.5%18.2%
2003€778$880-3.4%15.6%
2002€805$7616.9%12.7%
2001€753$6756.1%2.8%
2000€710$65631.6%14.0%
1999€540$5766.0%
1998$543-1.8%
1997$55334.6%
1996$41130.0%
1995$3166.4%
1994$29769.9%
1993$1759.3%
1992$160-78.2%
1991$735-40.6%
1990$1,238
Evolution: GDP growth rate at constant prices Azerbaijan
Evolution: GDP per capita Azerbaijan
GDP Azerbaijan