Azerbaijan GDP (2026)
LiveAzerbaijan 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 GDP Growth (1992–2026)
Annual real GDP growth rate (%)
Historical Highlights
1992–2026 GDP performance summary
Share of World GDP (2026)
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.
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.
Data & Methodology
How the figures on this page are compiled
- Primary Sources
- IMF, World Bank, United Nations and OECD
- Historical Coverage
- 1992–2031
- GDP Measurement
- Nominal gross domestic product in current U.S. dollars
- Update Schedule
- Updated annually using the latest available projections
- Population Data
- United Nations World Population Prospects
Frequently Asked Questions
Azerbaijan's nominal GDP in 2026 is approximately $78,372,000,000, measured in current US dollars.
Azerbaijan's GDP growth rate in 2026 is 2.20%.
GDP per capita in Azerbaijan is approximately $7,467 in 2026.
Azerbaijan ranks #91 globally by nominal GDP in 2026.
GDP is commonly calculated as household consumption plus investment, government spending, and net exports.