Azerbaijan Economic Growth 1992-2021

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
  • Azerbaijan economic growth for was $0.00B, a 100% decline from 2020.
  • Azerbaijan economic growth for 2020 was $42.61B, a 11.56% decline from 2019.
  • Azerbaijan economic growth for 2019 was $48.17B, a 2.25% increase from 2018.
  • Azerbaijan economic growth for 2018 was $47.11B, a 15.29% increase from 2017.
Data Source: World Bank

MLA Citation:
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Country Name Billions of US $
Azerbaijan Economic Growth - Historical Data
Year GDP Per Capita Growth Rate
$B -0.70%
2020 $42.61B $4,214 -4.31%
2019 $48.17B $4,806 2.48%
2018 $47.11B $4,740 1.50%
2017 $40.87B $4,147 0.15%
2016 $37.87B $3,881 -3.06%
2015 $53.07B $5,500 1.05%
2014 $75.24B $7,891 2.80%
2013 $74.16B $7,876 5.84%
2012 $69.68B $7,496 2.20%
2011 $65.95B $7,190 -1.57%
2010 $52.91B $5,844 4.79%
2009 $44.29B $4,950 9.37%
2008 $48.85B $5,575 10.59%
2007 $33.05B $3,851 25.46%
2006 $20.98B $2,473 34.47%
2005 $13.25B $1,578 27.96%
2004 $8.68B $1,045 9.25%
2003 $7.28B $884 10.21%
2002 $6.24B $763 9.44%
2001 $5.71B $704 9.90%
2000 $5.27B $655 11.10%
1999 $4.58B $574 7.40%
1998 $4.45B $562 10.00%
1997 $3.96B $506 5.80%
1996 $3.18B $409 1.30%
1995 $2.42B $315 -11.80%
1994 $1.19B $157 -19.70%
1993 $1.57B $209 -23.10%
1992 $0.45B $60 -22.60%