Europe & Central Asia
🇦🇿 Azerbaijan
Real-time economic and demographic statistics for Azerbaijan
GDP
#87
of 214
Population
#96
of 217
GDP per Capita
#122
of 214
GDP Growth
#17
of 214
Share of World
0.07%
of world GDP
Income Level
Upper middle income
Azerbaijan GDP (2015–2024)
+4.07%annual growth
Chart data: 2015: 53,076,235,354.746 USD, 2016: 37,866,996,882.916 USD, 2017: 40,866,627,351.982 USD, 2018: 47,112,470,051.77 USD, 2019: 48,174,235,294.118 USD, 2020: 42,693,000,000 USD, 2021: 54,825,411,764.706 USD, 2022: 78,807,470,588.235 USD, 2023: 72,428,470,588.235 USD, 2024: 74,315,882,352.941 USD
Demographics
10.2M
Population
+0.48%annual growth
Labor Market
5.59%
Unemployment Rate
-0.04ppannual change
Verified: Nov 2025
Economics
+2.21%
Inflation Rate
-6.57ppannual change
Frequently Asked Questions
- What is Azerbaijan's GDP?
- Azerbaijan's GDP is approximately $74.3 billion (2024, representing 0.1% of world GDP), making it the #87 largest economy out of 214 countries. Data sourced from the World Bank.
- What is Azerbaijan's population?
- Azerbaijan has a population of approximately 10.2M — the #96 most populous country in the world. Population data is collected annually by the World Bank from national statistical agencies.
- What is Azerbaijan's GDP per capita?
- Azerbaijan's GDP per capita is approximately $7,284, ranking #122 globally. This metric reflects average economic output per person and is a key indicator of living standards.
- How fast is Azerbaijan's economy growing?
- Azerbaijan's economy is currently growing at approximately 4.1% per year, ranking #17 globally by GDP growth rate. Data sourced from the World Bank.
- What region is Azerbaijan in?
- Azerbaijan is located in the Europe & Central Asia region and is classified as a upper middle income economy by the World Bank. This classification is based on gross national income (GNI) per capita.