The Gross Domestic Product (GDP) in Azerbaijan was worth 42.61 billion US dollars in 2020, according to official data from the World Bank. The GDP value of Azerbaijan represents 0.04 percent of the world economy. source: World Bank

GDP in Azerbaijan averaged 28.38 USD Billion from 1992 until 2020, reaching an all time high of 75.24 USD Billion in 2014 and a record low of 0.45 USD Billion in 1992. This page provides - Azerbaijan GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Azerbaijan GDP - values, historical data and charts - was last updated on August of 2021.

GDP in Azerbaijan is expected to reach 50.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan GDP is projected to trend around 51.00 USD Billion in 2022, according to our econometric models.

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Azerbaijan GDP

Actual Previous Highest Lowest Dates Unit Frequency
42.61 48.17 75.24 0.45 1992 - 2020 USD Billion Yearly
Current USD

Azerbaijan GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 35.51 3.07 40.40 -12.35 percent [+]
GDP 42.61 48.17 75.24 0.45 USD Billion [+]
GDP Constant Prices 39915.00 31532.50 81681.00 656.00 AZN Million [+]
Gross Fixed Capital Formation 6800.80 4974.00 6800.80 173.00 AZN Million [+]
GDP per capita 5593.22 5895.20 6073.40 1235.15 USD [+]
GDP per capita PPP 13699.67 14439.30 14875.78 3025.29 USD [+]
Gross National Product 78178.20 75956.30 78178.20 0.30 AZN Million [+]
GDP From Agriculture 410.10 719.30 719.30 94.10 AZN Million [+]
GDP From Construction 853.70 762.60 1345.30 49.70 AZN Million [+]
GDP From Manufacturing 475.90 378.90 475.90 117.40 AZN Million [+]
GDP From Mining 3597.90 3159.00 4803.20 563.30 AZN Million [+]
GDP From Public Administration 164.00 184.00 220.70 64.80 AZN Million [+]
GDP From Services 755.00 613.90 759.50 119.80 AZN Million [+]
GDP From Transport 1070.40 1035.90 1070.40 147.20 AZN Million [+]
GDP From Utilities 37.90 30.40 43.80 15.40 AZN Million [+]


Azerbaijan GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
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