Azerbaijan's economy expanded by 4.6% from a year earlier in 2022, as recovering domestic demand and stronger external demand boosted activity in the non-oil and gas sectors while rising global energy prices aided external and fiscal balances. It compares with the government estimate of 3.5% for 2022. source: World Bank

Full Year GDP Growth in Azerbaijan averaged 4.00 percent from 1991 until 2022, reaching an all time high of 34.50 percent in 2006 and a record low of -23.10 percent in 1993. This page includes a chart with historical data for Azerbaijan Full Year GDP Growth. Azerbaijan Full Year GDP Growth - values, historical data and charts - was last updated on March of 2023.

Full Year GDP Growth in Azerbaijan is expected to reach 2.30 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Full Year GDP Growth is projected to trend around 2.50 percent in 2024 and 2.40 percent in 2025, according to our econometric models.

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Azerbaijan Full Year GDP Growth