GDP (constant LCU) (UNESCO Institute) in Azerbaijan
Azerbaijan: GDP (constant LCU) (UNESCO Institute) was 33.42 billion constant LCU in 2024. ◆ Volatile
Latest (2024)
33.42 billion constant LCU
Change on year
up 4.1%
World rank
154th
of 212 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
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 154th out of 212 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.
GDP (constant LCU) (UNESCO Institute) in Azerbaijan, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1990 | 11.48 billion constant LCU | — |
| 1991 | 11.40 billion constant LCU | -0.7% |
| 1992 | 8.82 billion constant LCU | -22.6% |
| 1993 | 6.78 billion constant LCU | -23.1% |
| 1994 | 5.45 billion constant LCU | -19.7% |
| 1995 | 4.80 billion constant LCU | -11.8% |
| 1996 | 4.87 billion constant LCU | +1.3% |
| 1997 | 5.15 billion constant LCU | +5.8% |
| 1998 | 5.66 billion constant LCU | +10.0% |
| 1999 | 6.08 billion constant LCU | +7.4% |
| 2000 | 6.76 billion constant LCU | +11.1% |
| 2001 | 7.43 billion constant LCU | +9.9% |
| 2002 | 8.13 billion constant LCU | +9.4% |
| 2003 | 8.96 billion constant LCU | +10.2% |
| 2004 | 9.79 billion constant LCU | +9.3% |
| 2005 | 12.52 billion constant LCU | +28.0% |
| 2006 | 16.84 billion constant LCU | +34.5% |
| 2007 | 21.13 billion constant LCU | +25.5% |
| 2008 | 23.36 billion constant LCU | +10.6% |
| 2009 | 25.55 billion constant LCU | +9.4% |
| 2010 | 26.78 billion constant LCU | +4.8% |
| 2011 | 26.36 billion constant LCU | -1.6% |
| 2012 | 26.94 billion constant LCU | +2.2% |
| 2013 | 28.51 billion constant LCU | +5.8% |
| 2014 | 29.31 billion constant LCU | +2.8% |
| 2015 | 29.61 billion constant LCU | +1.0% |
| 2016 | 28.71 billion constant LCU | -3.1% |
| 2017 | 28.75 billion constant LCU | +0.2% |
| 2018 | 29.18 billion constant LCU | +1.5% |
| 2019 | 29.91 billion constant LCU | +2.5% |
| 2020 | 28.65 billion constant LCU | -4.2% |
| 2021 | 30.26 billion constant LCU | +5.6% |
| 2022 | 31.69 billion constant LCU | +4.7% |
| 2023 | 32.12 billion constant LCU | +1.4% |
| 2024 | 33.42 billion constant LCU | +4.1% |
Azerbaijan compared with similar countries
- Azerbaijan's 33.42 billion constant LCU is below the median for upper middle income countries, which is 563.52 billion constant LCU, 6% of the median. (58 countries reporting)
- Azerbaijan's 33.42 billion constant LCU is below the median for Europe & Central Asia, which is 410.71 billion constant LCU, 8% of the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | 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
More population data for Azerbaijan
- Population regions with projections, annual growth rate -0.3371 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate 0.0077 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.3371 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.7053 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 10,867 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 0.3522 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.1954 % change on previous year (2100)
- Population growth rate -0.342 (2100)
- Population density 121.25 (2100)
- Projected population under age 5 458,644 (2100)
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 154th out of 212 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.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release