The Gross Domestic Product (GDP) in Azerbaijan expanded 2.50 percent in the January-September of 2019 over the same period of the previous year. GDP Annual Growth Rate in Azerbaijan averaged 8.62 percent from 2001 until 2019, reaching an all time high of 40.40 percent in the first quarter of 2006 and a record low of -3.90 percent in the third quarter of 2016.

GDP Annual Growth Rate in Azerbaijan is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Azerbaijan to stand at 2.70 in 12 months time. In the long-term, the Azerbaijan GDP Annual Growth Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.

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Azerbaijan GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.40 40.40 -3.90 2001 - 2019 percent Quarterly

Azerbaijan GDP Annual Growth Rate
Azerbaijan economy is based on oil and gas extraction which account for 95 percent of exports and 75 percent of government revenues. .

Azerbaijan GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.50 2.40 40.40 -3.90 percent [+]
GDP 46.94 40.87 75.24 3.05 USD Billion [+]
GDP Constant Prices 72852.20 65415.10 79797.30 656.00 AZN Million [+]
Gross Fixed Capital Formation 3513.30 2281.00 4980.50 173.00 AZN Million [+]
GDP per capita 5769.00 5739.60 6072.60 1235.00 USD [+]
GDP per capita PPP 16011.00 15929.40 16853.60 3427.60 USD [+]
Gross National Product 67439.50 56794.00 67439.50 0.30 AZN Million [+]
GDP From Agriculture 509.20 175.20 692.60 94.10 AZN Million [+]
GDP From Construction 499.90 290.10 1345.30 49.70 AZN Million [+]
GDP From Manufacturing 328.80 297.90 371.30 117.40 AZN Million [+]
GDP From Mining 2425.00 2479.90 4803.20 563.30 AZN Million [+]
GDP From Public Administration 124.10 100.20 220.40 64.80 AZN Million [+]
GDP From Services 648.40 529.70 724.50 119.80 AZN Million [+]
GDP From Transport 893.00 749.20 1010.00 147.20 AZN Million [+]
GDP From Utilities 31.60 31.80 41.70 15.40 AZN Million [+]