GDP (current LCU) (UNESCO Institute) in Azerbaijan
Azerbaijan: GDP (current LCU) (UNESCO Institute) was 126.34 billion current LCU in 2024. ◆ Volatile
Latest (2024)
126.34 billion current LCU
Change on year
up 2.6%
World rank
144th
of 211 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
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 144th out of 211 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 (current LCU) (UNESCO Institute) in Azerbaijan, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 293,200 current LCU | — |
| 1991 | 534,400 current LCU | +82.3% |
| 1992 | 4.82 million current LCU | +802.0% |
| 1993 | 31.40 million current LCU | +551.4% |
| 1994 | 374.70 million current LCU | +1093.3% |
| 1995 | 2.13 billion current LCU | +469.5% |
| 1996 | 2.73 billion current LCU | +28.1% |
| 1997 | 3.16 billion current LCU | +15.6% |
| 1998 | 3.44 billion current LCU | +8.9% |
| 1999 | 3.78 billion current LCU | +9.7% |
| 2000 | 4.72 billion current LCU | +25.0% |
| 2001 | 5.32 billion current LCU | +12.7% |
| 2002 | 6.06 billion current LCU | +14.1% |
| 2003 | 7.15 billion current LCU | +17.9% |
| 2004 | 8.53 billion current LCU | +19.4% |
| 2005 | 12.52 billion current LCU | +46.8% |
| 2006 | 18.75 billion current LCU | +49.7% |
| 2007 | 28.36 billion current LCU | +51.3% |
| 2008 | 40.14 billion current LCU | +41.5% |
| 2009 | 35.60 billion current LCU | -11.3% |
| 2010 | 42.47 billion current LCU | +19.3% |
| 2011 | 52.08 billion current LCU | +22.6% |
| 2012 | 54.74 billion current LCU | +5.1% |
| 2013 | 58.18 billion current LCU | +6.3% |
| 2014 | 59.01 billion current LCU | +1.4% |
| 2015 | 54.38 billion current LCU | -7.9% |
| 2016 | 60.43 billion current LCU | +11.1% |
| 2017 | 70.34 billion current LCU | +16.4% |
| 2018 | 80.09 billion current LCU | +13.9% |
| 2019 | 81.90 billion current LCU | +2.3% |
| 2020 | 72.58 billion current LCU | -11.4% |
| 2021 | 93.20 billion current LCU | +28.4% |
| 2022 | 133.97 billion current LCU | +43.7% |
| 2023 | 123.13 billion current LCU | -8.1% |
| 2024 | 126.34 billion current LCU | +2.6% |
Azerbaijan compared with similar countries
- Azerbaijan's 126.34 billion current LCU is below the median for upper middle income countries, which is 913.58 billion current LCU, 14% of the median. (58 countries reporting)
- Azerbaijan's 126.34 billion current LCU is below the median for Europe & Central Asia, which is 481.94 billion current LCU, 26% of the median. (55 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU) (UNESCO Institute) in Azerbaijan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +1093.3% | 31.40 million current LCU | 374.70 million current LCU |
| 1992 | +802.0% | 534,400 current LCU | 4.82 million current LCU |
| 1993 | +551.4% | 4.82 million current LCU | 31.40 million current LCU |
| 1995 | +469.5% | 374.70 million current LCU | 2.13 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | 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
- 141 Tajikistan 153.40 billion current LCU compare
- 142 Vanuatu 138.38 billion current LCU compare
- 143 Slovakia 130.99 billion current LCU compare
- 145 Puerto Rico 125.84 billion current LCU compare
- 146 Ecuador 124.68 billion current LCU compare
- 147 Papua New Guinea 124.30 billion current LCU compare
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 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 144th out of 211 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.
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