In 2021, Azerbaijan expanded 5.6 percent as recovering domestic and external demand supported growth in both energy and non-energy sectors, while
rising global energy prices aided external and fiscal balances. source: World Bank
Full Year GDP Growth in Azerbaijan averaged 3.98 percent from 1991 until 2021, 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 December of 2022.
Full Year GDP Growth in Azerbaijan is expected to reach 2.50 percent by the end of 2022, 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 2.30 percent in 2023 and 2.50 percent in 2024, according to our econometric models.