GDP in Azerbaijan

Azerbaijan: GDP was 126.34 billion current LCU in 2024. β—† Volatile

Latest (2024)
126.34 billion current LCU
Change on year
up 2.6%
World rank
142nd
of 208 countries
All-time high
133.97 billion current LCU
in 2022
All-time low
293,200 current LCU
in 1990
Years of data
35
1990–2024

GDP in Azerbaijan, 1990–2024

050.0B100.0B150.0B1990200720241990: 293.2k current LCU1991: 534.4k current LCU1992: 4.8M current LCU1993: 31.4M current LCU1994: 374.7M current LCU1995: 2.1B current LCU1996: 2.7B current LCU1997: 3.2B current LCU1998: 3.4B current LCU1999: 3.8B current LCU2000: 4.7B current LCU2001: 5.3B current LCU2002: 6.1B current LCU2003: 7.1B current LCU2004: 8.5B current LCU2005: 12.5B current LCU2006: 18.7B current LCU2007: 28.4B current LCU2008: 40.1B current LCU2009: 35.6B current LCU2010: 42.5B current LCU2011: 52.1B current LCU2012: 54.7B current LCU2013: 58.2B current LCU2014: 59.0B current LCU2015: 54.4B current LCU2016: 60.4B current LCU2017: 70.3B current LCU2018: 80.1B current LCU2019: 81.9B current LCU2020: 72.6B current LCU2021: 93.2B current LCU2022: 134.0B current LCU2023: 123.1B current LCU2024: 126.3B current LCU

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

Analysis

In 2024, gdp in Azerbaijan stood at 126.34 billion current LCU.

That represents a change of up 2.6% on the previous year and up 114.1% over ten years.

Over the whole period, gdp in Azerbaijan peaked at 133.97 billion current LCU in 2022 and was at its lowest, 293,200 current LCU, in 1990.

That places Azerbaijan 142nd out of 208 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 1.57 billion current LCU 293,200 current LCU 3.78 billion current LCU 10
2000s 16.71 billion current LCU 4.72 billion current LCU 40.14 billion current LCU 10
2010s 61.36 billion current LCU 42.47 billion current LCU 81.90 billion current LCU 10
2020s 109.84 billion current LCU 72.58 billion current LCU 133.97 billion current LCU 5

Countries ranked near Azerbaijan

  1. 139 Tajikistan 153.40 billion current LCU compare
  2. 140 Vanuatu 138.38 billion current LCU compare
  3. 141 Slovakia 130.99 billion current LCU compare
  4. 143 Puerto Rico 125.84 billion current LCU compare
  5. 144 Ecuador 124.68 billion current LCU compare
  6. 145 Papua New Guinea 124.30 billion current LCU compare

See the full ranking of 211 places β†’

More population data for Azerbaijan

All data for Azerbaijan β†’

Frequently asked questions

What is gdp in Azerbaijan?
Gdp in Azerbaijan was 126.34 billion current LCU in 2024, according to UNESCO Institute for Statistics.
What is the highest gdp recorded in Azerbaijan?
The highest recorded value was 133.97 billion current LCU in 2022.
What is the lowest gdp recorded in Azerbaijan?
The lowest recorded value was 293,200 current LCU in 1990.
How does Azerbaijan rank for gdp?
Azerbaijan ranks 142nd out of 208 countries with data for 2024.
Is gdp rising or falling in Azerbaijan?
Over the last ten years it is up 114.1%. 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 (current 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-current-lcu-2/azerbaijan/

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About this data

Indicator
GDP (current LCU)
Unit
current LCU
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
211 places, 10,385 data points, 1970–2024
Last refreshed

February 2026 Data Release