The Gross Domestic Product (GDP) in Azerbaijan expanded 6.80 percent in the first quarter of 2022 over the same quarter of the previous year. source: The State Statistical Committee of the Republic of Azerbaijan

GDP Annual Growth Rate in Azerbaijan averaged 8.38 percent from 2001 until 2022, reaching an all time high of 47.26 percent in the fourth quarter of 2021 and a record low of -6.75 percent in the third quarter of 2020. This page provides - Azerbaijan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Azerbaijan GDP Annual Growth Rate - values, historical data and charts - was last updated on July of 2022.

GDP Annual Growth Rate in Azerbaijan is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan GDP Annual Growth Rate is projected to trend around 1.60 percent in 2023, according to our econometric models.

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Azerbaijan GDP Annual Growth Rate



Related Last Previous Unit Reference
GDP Annual Growth Rate 6.80 47.26 percent Mar 2022
Gross Fixed Capital Formation 5841.10 3640.80 AZN Million Dec 2021
GDP From Utilities 43.30 35.40 AZN Million Dec 2021
GDP From Transport 1276.50 1173.10 AZN Million Dec 2021
GDP From Services 818.20 661.60 AZN Million Dec 2021
GDP From Public Administration 166.50 186.60 AZN Million Dec 2021
GDP From Mining 3758.50 3407.60 AZN Million Dec 2021
GDP From Manufacturing 544.60 503.10 AZN Million Dec 2021
GDP From Construction 946.70 660.80 AZN Million Dec 2021
GDP From Agriculture 397.90 751.80 AZN Million Dec 2021
Gross National Product 72005.60 78741.50 AZN Million Dec 2020

Azerbaijan GDP Annual Growth Rate
Azerbaijan's economy is based on oil and gas extraction which accounts for 95 percent of exports and 75 percent of government revenues.
Actual Previous Highest Lowest Dates Unit Frequency
6.80 47.26 47.26 -6.75 2001 - 2022 percent Quarterly