Azerbaijan GDP (2026)

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Last updated: GDP values are shown in current U.S. dollars

Azerbaijan has an energy-centered economy shaped by oil and natural gas production, pipelines, petrochemicals, transportation, and international trade. Its position between Europe and Asia also supports growing ambitions in logistics, tourism, renewable energy, and regional connectivity. This page reviews Azerbaijan GDP data, historical performance, and the economic outlook for 2026.

Azerbaijan Live GDP
$46,042,496,292
GDP Added Today
$92,885,333
GDP Growth Rate (2026)
2.20%
vs 2025
▲ +0.80%
GDP Per Capita (2026)
$7,467
vs 2025
▲ +$145
Global Rank (Nominal)
#91
of 218 countries
Years Covered
1992–2026
35 years

Azerbaijan GDP Growth (1992–2026)

Annual real GDP growth rate (%)

Historical Highlights

1992–2026 GDP performance summary

Highest GDP $78.81B
Lowest GDP $1.19B
Average Growth 4.50%
1992–2026
Best Growth 34.50%
Weakest Growth -23.10%

Share of World GDP (2026)

Azerbaijan 0.06%
United States 25.58%
China 16.47%
Germany 4.31%
Japan 3.46%
Rest of World 50.12%

Key Findings

Azerbaijan's GDP in 2026 is $78.37B.

It ranks #91 among 218 countries.

Azerbaijan contributes 0.06% to the world economy.

GDP per capita is $7,467 in 2026.

The economy recorded GDP growth of 2.20% in 2026.

Historical Data

Azerbaijan GDP Historical Data (1992–2026)

2026 $78,372,000,000 2.20% $7,467 0.06% #90
2025 $75,938,000,000 1.40% $7,322 0.06% #89
2024 $74,426,000,000 4.20% $7,262 0.07% #87
2023 $72,428,000,000 1.40% $7,152 0.07% #84
2022 $78,807,000,000 4.70% $7,831 0.08% #74
2021 $54,825,000,000 5.60% $5,468 0.06% #88
2020 $42,693,000,000 -4.20% $4,280 0.05% #91
2019 $48,174,000,000 2.50% $4,841 0.05% #92
2018 $47,113,000,000 1.50% $4,760 0.05% #93
2017 $41,375,000,000 0.20% $4,218 0.05% #94
2016 $37,830,000,000 -3.10% $3,898 0.05% #95
2015 $52,997,000,000 1.10% $5,525 0.07% #80
2014 $75,235,000,000 2.80% $7,939 0.09% #70
2013 $74,164,000,000 5.80% $7,927 0.09% #71
2012 $69,684,000,000 2.20% $7,546 0.09% #70
2011 $65,952,000,000 0.10% $7,239 0.09% #71
2010 $52,909,000,000 5.00% $5,881 0.08% #76
2009 $44,297,000,000 9.30% $4,965 0.07% #79
2008 $48,852,000,000 10.80% $5,564 0.08% #76
2007 $33,050,000,000 25.00% $3,814 0.06% #82
2006 $20,983,000,000 34.50% $2,453 0.04% #88
2005 $13,239,000,000 26.40% $1,567 0.03% #101
2004 $8,682,000,000 9.30% $1,040 0.02% #116
2003 $7,276,000,000 10.20% $880 0.02% #115
2002 $6,232,000,000 9.40% $761 0.02% #116
2001 $5,475,000,000 9.90% $675 0.02% #118
2000 $5,273,000,000 6.20% $656 0.02% #118
1999 $4,581,000,000 11.40% $576 0.01% #121
1998 $4,280,000,000 6.00% $543 0.01% #122
1997 $4,317,000,000 8.90% $553 0.01% #120
1996 $3,177,000,000 2.50% $411 0.01% #133
1995 $2,417,000,000 -13.00% $316 0.01% #137
1994 $2,258,000,000 -19.70% $297 0.01% #131
1993 $1,309,000,000 -23.10% $175 0.00% #140
1992 $1,193,000,000 0.00% $160 0.00% #137

Azerbaijan GDP Projections (IMF)

i
Year GDP Nominal (Current USD) GDP Growth Rate (%) GDP Per Capita (USD) World Share (%) Global Rank
2027 $83,060,000,000 2.50% $7,820 0.06% #86
2028 $88,175,000,000 2.50% $8,203 0.06% #86
2029 $93,718,000,000 2.50% $8,615 0.07% #87
2030 $99,600,000,000 2.50% $9,047 0.07% #87
2031 $105,923,000,000 2.50% $9,507 0.07% #87

Azerbaijan Economy Overview

Azerbaijan’s economy is built around oil and natural gas extraction from the Caspian Sea. Energy exports move through major pipeline systems connecting the country with Georgia, Turkey, and European markets. Petroleum refining, petrochemicals, construction, and public investment have developed around the revenue generated by the hydrocarbon sector.

Non-oil activity includes agriculture, food processing, transportation, tourism, telecommunications, and retail. Cotton, fruits, vegetables, hazelnuts, and livestock are among the country’s main agricultural products. Azerbaijan’s location on emerging trade routes between Asia and Europe supports investment in railways, ports, and logistics. Renewable energy and industrial diversification are becoming more prominent parts of long-term economic planning.

Azerbaijan GDP Outlook

Azerbaijan’s future performance will remain connected to oil and gas exports, while government efforts increasingly emphasize non-energy development. Logistics, agriculture, tourism, renewable power, construction, and digital services could benefit from the country’s position along trade routes linking Europe and Asia. Investment in Caspian wind energy and regional transport corridors may create new opportunities. Energy-price volatility, dependence on hydrocarbons, geopolitical tensions, limited private-sector competition, and uneven economic diversification remain key risks.