The Gross Domestic Product (GDP) in Azerbaijan expanded 58.82 percent in the second 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 8.97 percent from 2001 until 2022, reaching an all time high of 58.82 percent in the second quarter of 2022 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 August of 2022.

GDP Annual Growth Rate in Azerbaijan is expected to be 2.80 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 58.82 6.80 percent Jun 2022
Gross Fixed Capital Formation 2318.70 5841.10 AZN Million Mar 2022
GDP From Utilities 37.60 43.30 AZN Million Mar 2022
GDP From Transport 1024.80 1276.50 AZN Million Mar 2022
GDP From Services 592.10 818.20 AZN Million Mar 2022
GDP From Public Administration 171.80 166.50 AZN Million Mar 2022
GDP From Mining 2224.20 3758.50 AZN Million Mar 2022
GDP From Manufacturing 435.20 544.60 AZN Million Mar 2022
GDP From Construction 257.60 946.70 AZN Million Mar 2022
GDP From Agriculture 192.00 397.90 AZN Million Mar 2022
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
58.82 6.80 58.82 -6.75 2001 - 2022 percent Quarterly