The Gross Domestic Product (GDP) in Azerbaijan was worth 48.05 billion US dollars in 2019, according to official data from the World Bank. The GDP value of Azerbaijan represents 0.04 percent of the world economy.

GDP in Azerbaijan averaged 26.92 USD Billion from 1990 until 2019, reaching an all time high of 75.24 USD Billion in 2014 and a record low of 3.05 USD Billion in 1995. This page provides - Azerbaijan GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Azerbaijan GDP - values, historical data and charts - was last updated on October of 2020. source: World Bank

GDP in Azerbaijan is expected to reach 44.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan GDP is projected to trend around 50.00 USD Billion in 2021 and 51.00 USD Billion in 2022, according to our econometric models.

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Azerbaijan GDP

Actual Previous Highest Lowest Dates Unit Frequency
48.05 47.11 75.24 3.05 1990 - 2019 USD Billion Yearly
Current USD

Azerbaijan GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.20 2.50 40.40 -3.90 percent [+]
GDP 48.05 47.11 75.24 3.05 USD Billion [+]
GDP Constant Prices 45962.50 40008.50 81681.00 656.00 AZN Million [+]
Gross Fixed Capital Formation 2973.70 5739.30 5739.30 173.00 AZN Million [+]
GDP per capita 5880.00 5800.70 6072.60 1235.00 USD [+]
GDP per capita PPP 14403.90 14209.60 14875.80 3025.30 USD [+]
Gross National Product 75956.30 67678.60 75956.30 0.30 AZN Million [+]
GDP From Agriculture 181.70 391.70 705.70 94.10 AZN Million [+]
GDP From Construction 250.10 835.40 1345.30 49.70 AZN Million [+]
GDP From Manufacturing 356.20 395.70 395.70 117.40 AZN Million [+]
GDP From Mining 2401.70 3953.10 4803.20 563.30 AZN Million [+]
GDP From Public Administration 157.50 161.40 220.70 64.80 AZN Million [+]
GDP From Services 540.50 759.50 759.50 119.80 AZN Million [+]
GDP From Transport 809.00 1045.40 1045.40 147.20 AZN Million [+]
GDP From Utilities 36.80 43.80 43.80 15.40 AZN Million [+]


Azerbaijan GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
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