Statizoid

GDP in Azerbaijan

Azerbaijan: GDP was 33.42 billion constant LCU in 2024. β—† Volatile

Latest (2024)
33.42 billion constant LCU
Change on year
up 4.1%
World rank
152nd
of 209 countries
All-time high
33.42 billion constant LCU
in 2024
All-time low
4.80 billion constant LCU
in 1995
Years of data
35
1990–2024

GDP in Azerbaijan, 1990–2024

010.0B20.0B30.0B1990200720241990: 11.5B constant LCU1991: 11.4B constant LCU1992: 8.8B constant LCU1993: 6.8B constant LCU1994: 5.4B constant LCU1995: 4.8B constant LCU1996: 4.9B constant LCU1997: 5.1B constant LCU1998: 5.7B constant LCU1999: 6.1B constant LCU2000: 6.8B constant LCU2001: 7.4B constant LCU2002: 8.1B constant LCU2003: 9.0B constant LCU2004: 9.8B constant LCU2005: 12.5B constant LCU2006: 16.8B constant LCU2007: 21.1B constant LCU2008: 23.4B constant LCU2009: 25.6B constant LCU2010: 26.8B constant LCU2011: 26.4B constant LCU2012: 26.9B constant LCU2013: 28.5B constant LCU2014: 29.3B constant LCU2015: 29.6B constant LCU2016: 28.7B constant LCU2017: 28.8B constant LCU2018: 29.2B constant LCU2019: 29.9B constant LCU2020: 28.7B constant LCU2021: 30.3B constant LCU2022: 31.7B constant LCU2023: 32.1B constant LCU2024: 33.4B constant LCU

Source: UNESCO Institute for Statistics. Measured in constant LCU.

Analysis

The most recent figure for gdp in Azerbaijan is 33.42 billion constant LCU, measured in 2024. That is the highest value across all 35 years on record.

That represents a change of up 4.1% on the previous year and up 14.0% over ten years.

Over the whole period, gdp in Azerbaijan peaked at 33.42 billion constant LCU in 2024 and was at its lowest, 4.80 billion constant LCU, in 1995.

That places Azerbaijan 152nd out of 209 countries with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 7.05 billion constant LCU 4.80 billion constant LCU 11.48 billion constant LCU 10
2000s 14.05 billion constant LCU 6.76 billion constant LCU 25.55 billion constant LCU 10
2010s 28.40 billion constant LCU 26.36 billion constant LCU 29.91 billion constant LCU 10
2020s 31.23 billion constant LCU 28.65 billion constant LCU 33.42 billion constant LCU 5

Countries ranked near Azerbaijan

  1. 149 Kuwait 40.33 billion constant LCU compare
  2. 150 Oman 38.31 billion constant LCU compare
  3. 151 Bosnia and Herzegovina 37.38 billion constant LCU compare
  4. 153 Jordan 33.40 billion constant LCU compare
  5. 154 Latvia 32.58 billion constant LCU compare
  6. 155 Eritrea 31.75 billion constant LCU compare

See the full ranking of 212 places β†’

More population data for Azerbaijan

All data for Azerbaijan β†’

Frequently asked questions

What is gdp in Azerbaijan?
Gdp in Azerbaijan was 33.42 billion constant LCU in 2024, according to UNESCO Institute for Statistics.
What is the highest gdp recorded in Azerbaijan?
The highest recorded value was 33.42 billion constant LCU in 2024.
What is the lowest gdp recorded in Azerbaijan?
The lowest recorded value was 4.80 billion constant LCU in 1995.
How does Azerbaijan rank for gdp?
Azerbaijan ranks 152nd out of 209 countries with data for 2024.
Is gdp rising or falling in Azerbaijan?
Over the last ten years it is up 14.0%. The long-run trend across the full record is volatile.
Where does this Azerbaijan data come from?
The figures come from UNESCO Institute for Statistics, published as part of GDP (constant LCU). Statizoid updates them automatically from the source API.

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GDP in Azerbaijan. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 16 August 2026, from https://population.statizoid.com/stat/gdp-constant-lcu-2/azerbaijan/

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About this data

Indicator
GDP (constant LCU)
Unit
constant LCU
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
212 places, 10,234 data points, 1970–2024
Last refreshed

February 2026 Data Release