The economy of Azerbaijan grew 4.9 percent year-on-year in the January-October period of 2021, compared to a 3.8 percent contraction in the previous year. It was the fastest economic expansion during the first ten months of the year since 2015. From the production side, the strongest contributions came from retail trade (2.9 percent) and industries (5.2 percent). Additional support was seen in information & communications (5.6 percent) and agriculture (4.1 percent). Excluding oil & natural gas output, the economy advanced 5.9 percent during the period. source: The State Statistical Committee of the Republic of Azerbaijan

Monthly GDP YoY in Azerbaijan averaged 7.27 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 includes a chart with historical data for Azerbaijan Monthly GDP YoY. Azerbaijan Monthly GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

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Azerbaijan Monthly GDP YoY


Calendar GMT Actual Previous Consensus TEForecast
2021-10-15 01:00 PM Sep 4.8% 3.6% 3.3%
2021-11-16 12:20 PM Oct 4.9% 4.8% 5%
2021-12-14 01:00 PM Nov 4.9%


News Stream
Azerbaijan GDP Expands 4.9% YoY In January-October
The economy of Azerbaijan grew 4.9 percent year-on-year in the January-October period of 2021, compared to a 3.8 percent contraction in the previous year. It was the fastest economic expansion during the first ten months of the year since 2015. From the production side, the strongest contributions came from retail trade (2.9 percent) and industries (5.2 percent). Additional support was seen in information & communications (5.6 percent) and agriculture (4.1 percent). Excluding oil & natural gas output, the economy advanced 5.9 percent during the period.
2021-11-16
Azerbaijan GDP Expands 4.4% YoY In January-September
The economy of Azerbaijan grew 4.4 percent year-on-year in the January-September period of 2021, compared to a 3.9 percent slump in the previous year. Both the oil and gas (1.4 percent) and the non-oil and gas (6.2 percent) sectors of the economy expanded as the recovery from the Covid-19 pandemic continues.
2021-10-15
Azerbaijan GDP Expands 3.6% YoY In January-August
The economy of Azerbaijan grew 3.6 percent year-on-year in the January-August period of 2021, compared to a 3 percent contraction a year ago. It was the fastest economic expansion during the first eight months of the year since 2015. From the production side, the strongest contributions came from retail trade (2.7 percent) and industries (2.6 percent). Additional support was seen in information & communications (6.1 percent) and agriculture (5 percent). Excluding oil & natural gas output, the economy advanced 5.7 percent during the period.
2021-09-17

Azerbaijan Monthly GDP YoY
In Azerbaijan, Monthly GDP YoY refers to cumulative year-over-year changes in the country's gross domestic product.