The Gross Domestic Product (GDP) in Azerbaijan expanded 3 percent in the first quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Azerbaijan averaged 8.79 percent from 2001 until 2019, reaching an all time high of 40.40 percent in the first quarter of 2006 and a record low of -3.90 percent in the third quarter of 2016.
GDP Annual Growth Rate in Azerbaijan is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Azerbaijan to stand at 2.50 in 12 months time. In the long-term, the Azerbaijan GDP Annual Growth Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.