Azerbaijan's GDP shrank 2.5 percent from a year earlier in January of 2021, compared to a 2.4 percent growth in the previous year. The contraction was mainly due to a 6.2 percent plunge in oil and gas output, while the non-oil and gas sector edged up 0.1 percent. source: The State Statistical Committee of the Republic of Azerbaijan

Leading Economic Index in Azerbaijan averaged 7.55 percent from 2006 until 2021, reaching an all time high of 116.10 percent in September of 2012 and a record low of -4.50 percent in April of 2016. This page provides - Azerbaijan Leading Economic Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. Azerbaijan GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Leading Economic Index in Azerbaijan is expected to be -1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Azerbaijan to stand at 3.00 in 12 months time. In the long-term, the Azerbaijan GDP YoY is projected to trend around 3.00 percent in 2022, according to our econometric models.

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Azerbaijan GDP YoY

Actual Previous Highest Lowest Dates Unit Frequency
-2.50 -4.30 116.10 -4.50 2006 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-16 01:00 PM Oct -3.8% -3.9% -4.1%
2020-12-14 01:00 PM Nov -4.3% -3.8% -3.8%
2021-01-15 02:00 PM Dec -4.3% -4.3% -3.5%
2021-02-15 01:00 PM Jan -2.5% -4.3% -3.7%
2021-03-15 01:00 PM Feb -2.5%
2021-04-17 01:00 PM Mar
2021-05-15 01:00 PM Apr
2021-06-12 01:00 PM May
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Azerbaijan GDP Shrank Less in January
Azerbaijan's GDP shrank 2.5 percent from a year earlier in January of 2021, compared to a 2.4 percent growth in the previous year. The contraction was mainly due to a 6.2 percent plunge in oil and gas output, while the non-oil and gas sector edged up 0.1 percent.
2021-02-15
Azerbaijan GDP Falls 4.3% YoY in January-November
Azerbaijan's GDP shrank 4.3 percent from a year earlier in the January-November period of 2020, compared to a 2.1 percent growth in the same period of 2019. Both the oil and gas (-6.5 percent) and the non-oil and gas (-2.9 percent) sectors of the economy continued to contract amid the pandemic crisis.
2020-12-14
Azerbaijan GDP Contracts 2.7% YoY in January-June
The economy of Azerbaijan shrank 2.7 percent year-on-year in the January-June period of 2020 compared to a 2.4 percent growth in the same period of 2019, as the government extended lockdown measures across most of the country until 1 August, with many non-essential businesses set to shut again after being reopened in May. There were renewed declines in sectors such as transportation & storage (-14.1 percent); retail trade (-1.9 percent) and industry (-1.5 percent). In contrast, growth was recorded in information & communication (4.4 percent) and agriculture (2.2 percent).
2020-07-15

Azerbaijan GDP YoY
Leading Economic Index in Azerbaijan refers to cumulative year over year changes in the country gross domestic product.