Azerbaijan GDP Growth Rate (2026)
Azerbaijan has a resource-rich economy supported by oil, natural gas, services, construction, and public investment. This page examines its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+2.2%
Annual real GDP growth
World Rank
#128
Out of 195 countries
Change vs 2025
+0.8 pp
2025: +1.4%
Asia Rank
#38
Out of 49 countries
1. Azerbaijan GDP Growth Rate in 2026
Azerbaijani economic growth is strongly influenced by energy production, government spending, investment, and domestic demand. Oil and gas markets remain especially important to overall momentum.
2. Azerbaijan GDP Growth Rate Trends (1993–2026)
Azerbaijan’s growth history has been shaped by hydrocarbon development, foreign investment, infrastructure spending, and periods of commodity volatility. Energy exports remain central to national output.
3. Azerbaijan GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +2.2% | +0.8 pp |
| 2025 | +1.4% | -2.8 pp |
| 2024 | +4.2% | +2.8 pp |
| 2023 | +1.4% | -3.3 pp |
| 2022 | +4.7% | -0.9 pp |
| 2021 | +5.6% | +9.8 pp |
| 2020 | -4.2% | -6.7 pp |
| 2019 | +2.5% | +1.0 pp |
| 2018 | +1.5% | +1.3 pp |
| 2017 | +0.2% | +3.3 pp |
| 2016 | -3.1% | -4.2 pp |
| 2015 | +1.1% | -1.7 pp |
| 2014 | +2.8% | -3.0 pp |
| 2013 | +5.8% | +3.6 pp |
| 2012 | +2.2% | +2.1 pp |
| 2011 | +0.1% | -4.9 pp |
| 2010 | +5.0% | -4.3 pp |
| 2009 | +9.3% | -1.5 pp |
| 2008 | +10.8% | -14.2 pp |
| 2007 | +25.0% | -9.5 pp |
| 2006 | +34.5% | +8.1 pp |
| 2005 | +26.4% | +17.1 pp |
| 2004 | +9.3% | -0.9 pp |
| 2003 | +10.2% | +0.8 pp |
| 2002 | +9.4% | -0.5 pp |
| 2001 | +9.9% | +3.7 pp |
| 2000 | +6.2% | -5.2 pp |
| 1999 | +11.4% | +5.4 pp |
| 1998 | +6.0% | -2.9 pp |
| 1997 | +8.9% | +6.4 pp |
| 1996 | +2.5% | +15.5 pp |
| 1995 | -13.0% | +6.7 pp |
| 1994 | -19.7% | +3.4 pp |
| 1993 | -23.1% | — |
4. Azerbaijan GDP Growth Performance
Current Growth Rate
+2.2%
(2026 to 2026)
5-Year Average
+2.8%
(2022 to 2026)
10-Year Average
+2.0%
(2017 to 2026)
20-Year Average
+3.9%
(2007 to 2026)
The economy benefits from substantial energy resources and strong fiscal capacity, while diversification into services and transport is gradually expanding. Dependence on hydrocarbons still limits resilience to external shocks.
5. Azerbaijan GDP Growth Rate vs Asia and World
Azerbaijan
+2.2%
Asia Average
+2.4%
World Average
+2.8%
0.0%
1.4%
2.8%
Annual real GDP growth (%)
Azerbaijan’s GDP growth rate is approximately
0.1 pp
below the
Asia average
and
0.6 pp
below the world average.
6. Azerbaijan GDP Growth Rate Ranking in Asia
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #34 | Cyprus | +3.0% |
| #35 | Jordan | +2.8% |
| #36 | Brunei | +2.6% |
| #37 | Turkmenistan | +2.6% |
| #38 | Azerbaijan | +2.2% |
| #39 | South Korea | +1.9% |
| #40 | Thailand | +1.5% |
| #41 | Japan | +0.7% |
| #42 | Yemen | +0.5% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Azerbaijan
Azerbaijan GDP (Nominal)
$78.4 Billion
(2026)
Azerbaijan GDP Growth Rate
+2.2%
(2026)
Azerbaijan’s growth often differs from regional averages because energy output plays such a dominant role. Commodity prices and major infrastructure projects can create significant swings in performance.
Explore more:
Azerbaijan GDP
9. Azerbaijan GDP Growth Rate Forecast
The outlook depends on energy markets, investment, diversification, transport links, and domestic demand. Commodity dependence and geopolitical uncertainty remain key risks.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +2.5% | +0.3 pp |
| 2028 | +2.5% | 0.0 pp |
| 2029 | +2.5% | 0.0 pp |
| 2030 | +2.5% | 0.0 pp |
10. Azerbaijan GDP Growth Rate: Key Findings
Azerbaijan GDP growth rate is estimated at +2.2% in 2026.
It ranks #128 globally and #38 in Asia by annual GDP growth rate.
The growth rate accelerated by 0.8 percentage points compared with 2025.
The 5-year average GDP growth rate is +2.8%.
The 10-year average GDP growth rate is +2.0%.
The current rate is 0.1 percentage points below the Asia average.
The current rate is 0.6 percentage points below the world average.
The forecast GDP growth rate is +2.5% in 2030, 0.3 percentage points above the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. Azerbaijan GDP Growth Rate FAQs
Azerbaijan GDP growth rate is estimated at +2.2% in 2026.
Azerbaijan ranks #128 globally and #38 in Asia by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +2.2% in 2026.
Azerbaijan GDP growth rate was +1.1% in 2015.
Azerbaijan GDP growth rate is 0.1 percentage points below the Asia average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.