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.

Azerbaijan GDP Annual Growth Rate
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Azerbaijan GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.00 1.40 40.40 -3.90 percent [+]
GDP 40.75 37.87 75.24 3.05 USD Billion [+]
GDP Constant Prices 18111.70 11484.50 79797.30 656.00 AZN Million [+]
Gross Fixed Capital Formation 4832.40 4859.30 4980.50 173.00 AZN Million [+]
GDP per capita 5805.10 5861.50 6123.00 1216.10 USD [+]
GDP per capita PPP 15847.40 16001.30 16715.10 3319.80 USD [+]
Gross National Product 67439.50 56794.00 67439.50 0.30 AZN Million [+]
GDP From Agriculture 362.20 692.60 692.60 94.10 AZN Million [+]
GDP From Construction 896.70 792.50 1345.30 49.70 AZN Million [+]
GDP From Manufacturing 371.30 325.00 371.30 117.40 AZN Million [+]
GDP From Mining 3968.20 3538.30 4803.20 563.30 AZN Million [+]
GDP From Public Administration 220.40 184.30 220.40 64.80 AZN Million [+]
GDP From Services 724.50 599.10 724.50 119.80 AZN Million [+]
GDP From Transport 1010.00 983.90 1010.00 147.20 AZN Million [+]
GDP From Utilities 41.70 29.70 41.70 15.40 AZN Million [+]


Azerbaijan GDP Annual Growth Rate

Azerbaijan economy is based on oil and gas extraction which account for 95 percent of exports and 75 percent of government revenues. . This page provides - Azerbaijan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Azerbaijan GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 1.40 40.40 -3.90 2001 - 2019 percent Quarterly




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.18 Dec/18
Saudi Arabia 3.60 Dec/18
South Korea 3.10 Dec/18
United States 3.00 Dec/18
Russia 2.70 Dec/18
Australia 2.30 Dec/18
Spain 2.30 Dec/18
Netherlands 2.20 Dec/18
Mexico 1.70 Dec/18
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
United Kingdom 1.40 Dec/18
Singapore 1.30 Mar/19
Brazil 1.10 Dec/18
Euro Area 1.10 Dec/18
South Africa 1.10 Dec/18
France 1.00 Dec/18
Germany 0.60 Dec/18
Japan 0.30 Dec/18
Italy 0.00 Dec/18
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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