GDP in Azerbaijan

Azerbaijan: GDP was 74.32 billion current US$ in 2024. β—† Volatile

Latest (2024)
74.32 billion current US$
Change on year
up 2.6%
World rank
84th
of 208 countries
All-time high
78.81 billion current US$
in 2022
All-time low
444.66 million current US$
in 1992
Years of data
35
1990–2024

GDP in Azerbaijan, 1990–2024

020.0B40.0B60.0B80.0B1990200720241990: 8.9B current US$1991: 5.3B current US$1992: 444.7M current US$1993: 1.6B current US$1994: 1.2B current US$1995: 2.4B current US$1996: 3.2B current US$1997: 4.0B current US$1998: 4.4B current US$1999: 4.6B current US$2000: 5.3B current US$2001: 5.7B current US$2002: 6.2B current US$2003: 7.3B current US$2004: 8.7B current US$2005: 13.2B current US$2006: 21.0B current US$2007: 33.0B current US$2008: 48.9B current US$2009: 44.3B current US$2010: 52.9B current US$2011: 66.0B current US$2012: 69.7B current US$2013: 74.2B current US$2014: 75.2B current US$2015: 53.1B current US$2016: 37.9B current US$2017: 40.9B current US$2018: 47.1B current US$2019: 48.2B current US$2020: 42.7B current US$2021: 54.8B current US$2022: 78.8B current US$2023: 72.4B current US$2024: 74.3B current US$

Source: UNESCO Institute for Statistics. Measured in current US$.

Analysis

Azerbaijan recorded 74.32 billion current US$ for gdp in 2024.

The figure is up 2.6% on the previous year and down 1.2% over ten years.

Over the whole period, gdp in Azerbaijan peaked at 78.81 billion current US$ in 2022 and was at its lowest, 444.66 million current US$, in 1992.

That places Azerbaijan 84th 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 3.60 billion current US$ 444.66 million current US$ 8.88 billion current US$ 10
2000s 19.36 billion current US$ 5.27 billion current US$ 48.85 billion current US$ 10
2010s 56.50 billion current US$ 37.87 billion current US$ 75.24 billion current US$ 10
2020s 64.61 billion current US$ 42.69 billion current US$ 78.81 billion current US$ 5

Countries ranked near Azerbaijan

  1. 81 Angola 80.40 billion current US$ compare
  2. 82 Tanzania 78.78 billion current US$ compare
  3. 83 Belarus 75.96 billion current US$ compare
  4. 85 Myanmar 74.08 billion current US$ compare
  5. 86 Slovenia 72.48 billion current US$ compare
  6. 87 Democratic Republic of Congo 70.75 billion current US$ 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 74.32 billion current US$ in 2024, according to UNESCO Institute for Statistics.
What is the highest gdp recorded in Azerbaijan?
The highest recorded value was 78.81 billion current US$ in 2022.
What is the lowest gdp recorded in Azerbaijan?
The lowest recorded value was 444.66 million current US$ in 1992.
How does Azerbaijan rank for gdp?
Azerbaijan ranks 84th out of 208 countries with data for 2024.
Is gdp rising or falling in Azerbaijan?
Over the last ten years it is down 1.2%. 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 US$). 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-us-2/azerbaijan/

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About this data

Indicator
GDP (current US$)
Unit
current US$
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
211 places, 10,315 data points, 1970–2024
Last refreshed

February 2026 Data Release