Gross domestic product (GDP) (Total economy, Domestic currency) in Azerbaijan
Azerbaijan: Gross domestic product (GDP) (Total economy, Domestic currency) was 148.38 billion Domestic currency in 2027. ◆ Volatile
Gross domestic product (GDP) in Azerbaijan, 1992–2027
Source: International Monetary Fund. Measured in Domestic currency.
Analysis
Azerbaijan recorded 148.38 billion Domestic currency for gross domestic product (gdp) in 2027. That is the highest value across all 36 years on record.
That represents a change of up 5.2% on the previous year and up 111.0% over ten years.
Over the whole period, gross domestic product (gdp) in Azerbaijan peaked at 148.38 billion Domestic currency in 2027 and was at its lowest, 4.82 million Domestic currency, in 1992.
That places Azerbaijan 70th out of 86 countries with data for 2027, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) (Total economy, Domestic currency) in Azerbaijan, year by year
| Year | Domestic currency | Change |
|---|---|---|
| 1992 | 4.82 million Domestic currency | — |
| 1993 | 31.42 million Domestic currency | +551.9% |
| 1994 | 708.87 million Domestic currency | +2155.9% |
| 1995 | 2.13 billion Domestic currency | +201.0% |
| 1996 | 2.73 billion Domestic currency | +28.1% |
| 1997 | 3.16 billion Domestic currency | +15.6% |
| 1998 | 3.31 billion Domestic currency | +4.9% |
| 1999 | 3.78 billion Domestic currency | +14.0% |
| 2000 | 4.72 billion Domestic currency | +25.0% |
| 2001 | 5.32 billion Domestic currency | +12.7% |
| 2002 | 6.06 billion Domestic currency | +14.1% |
| 2003 | 7.15 billion Domestic currency | +17.9% |
| 2004 | 8.53 billion Domestic currency | +19.4% |
| 2005 | 12.52 billion Domestic currency | +46.8% |
| 2006 | 18.75 billion Domestic currency | +49.7% |
| 2007 | 28.36 billion Domestic currency | +51.3% |
| 2008 | 40.14 billion Domestic currency | +41.5% |
| 2009 | 35.60 billion Domestic currency | -11.3% |
| 2010 | 42.47 billion Domestic currency | +19.3% |
| 2011 | 52.08 billion Domestic currency | +22.6% |
| 2012 | 54.74 billion Domestic currency | +5.1% |
| 2013 | 58.18 billion Domestic currency | +6.3% |
| 2014 | 59.01 billion Domestic currency | +1.4% |
| 2015 | 54.38 billion Domestic currency | -7.9% |
| 2016 | 60.43 billion Domestic currency | +11.1% |
| 2017 | 70.34 billion Domestic currency | +16.4% |
| 2018 | 80.09 billion Domestic currency | +13.9% |
| 2019 | 81.90 billion Domestic currency | +2.3% |
| 2020 | 72.58 billion Domestic currency | -11.4% |
| 2021 | 92.86 billion Domestic currency | +27.9% |
| 2022 | 119.11 billion Domestic currency | +28.3% |
| 2023 | 121.06 billion Domestic currency | +1.6% |
| 2024 | 127.56 billion Domestic currency | +5.4% |
| 2025 | 134.34 billion Domestic currency | +5.3% |
| 2026 | 141.10 billion Domestic currency | +5.0% |
| 2027 | 148.38 billion Domestic currency | +5.2% |
Azerbaijan compared with similar countries
- Azerbaijan's 148.38 billion Domestic currency is below the median for upper middle income countries, which is 7.12 trillion Domestic currency, 2% of the median. (24 countries reporting)
- Azerbaijan's 148.38 billion Domestic currency is below the median for Europe & Central Asia, which is 1.16 trillion Domestic currency, 13% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP) (Total economy, Domestic currency) in Azerbaijan 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 |
|---|---|---|---|
| 1994 | +2155.9% | 31.42 million Domestic currency | 708.87 million Domestic currency |
| 1993 | +551.9% | 4.82 million Domestic currency | 31.42 million Domestic currency |
| 1995 | +201.0% | 708.87 million Domestic currency | 2.13 billion Domestic currency |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.98 billion Domestic currency | 4.82 million Domestic currency | 3.78 billion Domestic currency | 8 |
| 2000s | 16.71 billion Domestic currency | 4.72 billion Domestic currency | 40.14 billion Domestic currency | 10 |
| 2010s | 61.36 billion Domestic currency | 42.47 billion Domestic currency | 81.90 billion Domestic currency | 10 |
| 2020s | 119.62 billion Domestic currency | 72.58 billion Domestic currency | 148.38 billion Domestic currency | 8 |
Countries ranked near Azerbaijan
- 67 Gambia 209.53 billion Domestic currency compare
- 68 Tajikistan 178.73 billion Domestic currency compare
- 69 Slovakia 150.11 billion Domestic currency compare
- 71 Georgia 111.89 billion Domestic currency compare
- 72 Luxembourg 99.39 billion Domestic currency compare
- 73 Lithuania 89.17 billion Domestic currency compare
More public sector data for Azerbaijan
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 463.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 2.74 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 833.33 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product (gdp) in Azerbaijan?
- Gross domestic product (gdp) in Azerbaijan was 148.38 billion Domestic currency in 2027, according to International Monetary Fund.
- What is the highest gross domestic product (gdp) recorded in Azerbaijan?
- The highest recorded value was 148.38 billion Domestic currency in 2027.
- What is the lowest gross domestic product (gdp) recorded in Azerbaijan?
- The lowest recorded value was 4.82 million Domestic currency in 1992.
- How does Azerbaijan rank for gross domestic product (gdp)?
- Azerbaijan ranks 70th out of 86 countries with data for 2027.
- Is gross domestic product (gdp) rising or falling in Azerbaijan?
- Over the last ten years it is up 111.0%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP) (Total economy, Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Public Sector Balance Sheet (PSBS) Database shows comprehensive estimates of public sector assets and liabilities that formed the basis for the analysis presented in the October 2018 edition of the Fiscal Monitor. The database covers a broad sample of 55 countries, of which 25 countries contain time-series estimated PSBS and the rest for one single-year data compiled as part of Financial Transparency Evaluations and IMF Technical Assistance missions. The PSBS database is compiled on a best-effort basis, using the conceptual framework of the IMF's Government Finance Statistics Manual 2014. Data for the central and general government generally replicate data reported by country authorities in the IMF's Government Finance Statistics database. Data for the central bank generally replicate data reported by country authorities in the IMF's Monetary and Financial Statistics database. Where these data fail to cover all categories of assets and liabilities, they are complemented by other data reported by statistical authorities at the national level. other international organizations, or staff estimates. Data sources for public corporations are country specific and are captured in the country specific metadata documents.