GDP growth in Azerbaijan

Azerbaijan: GDP growth was 4.1% in 2024. β—† Volatile

Latest (2024)
4.1%
Change on year
up 200.6%
World rank
68th
of 209 countries
All-time high
34.5%
in 2006
All-time low
-23.1%
in 1993
Years of data
34
1991–2024

GDP growth in Azerbaijan, 1991–2024

-20020401991200720241991: -0.7 annual %1992: -22.6 annual %1993: -23.1 annual %1994: -19.7 annual %1995: -11.8 annual %1996: 1.3 annual %1997: 5.8 annual %1998: 10 annual %1999: 7.4 annual %2000: 11.1 annual %2001: 9.9 annual %2002: 9.4 annual %2003: 10.2 annual %2004: 9.3 annual %2005: 28 annual %2006: 34.5 annual %2007: 25.5 annual %2008: 10.6 annual %2009: 9.4 annual %2010: 4.8 annual %2011: -1.6 annual %2012: 2.2 annual %2013: 5.8 annual %2014: 2.8 annual %2015: 1 annual %2016: -3.1 annual %2017: 0.154 annual %2018: 1.5 annual %2019: 2.5 annual %2020: -4.2 annual %2021: 5.6 annual %2022: 4.7 annual %2023: 1.4 annual %2024: 4.1 annual %

Source: UNESCO Institute for Statistics. Measured in annual %.

Analysis

The most recent figure for gdp growth in Azerbaijan is 4.1%, measured in 2024.

Compared with earlier readings it is up 200.6% on the previous year and up 45.5% over ten years.

Over the whole period, gdp growth in Azerbaijan peaked at 34.5% in 2006 and was at its lowest, -23.1%, in 1993.

Azerbaijan ranks 68th of 209 countries on this measure, 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 -5.9% -23.1% 10.0% 9
2000s 15.8% 9.3% 34.5% 10
2010s 1.6% -3.1% 5.8% 10
2020s 2.3% -4.2% 5.6% 5

Countries ranked near Azerbaijan

  1. 65 Brunei 4.2% compare
  2. 66 Madagascar 4.2% compare
  3. 67 Papua New Guinea 4.1% compare
  4. 69 Saint Vincent and the Grenadines 4.1% compare
  5. 70 Zambia 4.0% compare
  6. 71 Belarus 4.0% 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 growth in Azerbaijan?
Gdp growth in Azerbaijan was 4.1% in 2024, according to UNESCO Institute for Statistics.
What is the highest gdp growth recorded in Azerbaijan?
The highest recorded value was 34.5% in 2006.
What is the lowest gdp growth recorded in Azerbaijan?
The lowest recorded value was -23.1% in 1993.
How does Azerbaijan rank for gdp growth?
Azerbaijan ranks 68th out of 209 countries with data for 2024.
Is gdp growth rising or falling in Azerbaijan?
Over the last ten years it is up 45.5%. 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 growth (annual %). Statizoid updates them automatically from the source API.

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GDP growth in Azerbaijan. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 16 August 2026, from https://population.statizoid.com/stat/gdp-growth-annual-percent-3/azerbaijan/

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About this data

Indicator
GDP growth (annual %)
Unit
annual %
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
212 places, 10,140 data points, 1970–2024
Last refreshed

February 2026 Data Release