Azerbaijan Economy

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Located near the midline between Eastern Europe and Western Asia, Azerbaijan is the largest country in the Caucasus region of the world. With a nominal GDP of about $63 billion, Azerbaijan has the sixty-fifth largest economy in the world. With nearly two-thirds of the country rich in oil and natural gas reserves, the energy sector makes up the largest majority of GDP, while the banking, agriculture, and tourism sector secondary contributors.

Major Azerbaijan Indicators

Period Value % Chg Prev
Economic Activity Indexes (View all 1)
Azerbaijan Economic Freedom Index 2017 63.60
Energy (View all 1)
Azerbaijan Carbon Dioxide Emissions 2016 33.91M mt 0.06%
Azerbaijan Coal Consumption 2016 0.0004M mtoe 0.27%
Azerbaijan Natural Gas Consumption 2015 9.803B cu m 4.12%
Azerbaijan Natural Gas Production 2015 18.17B cu m 3.45%
Azerbaijan Nuclear Energy Consumption 2016 0.00 TWh
Azerbaijan Oil Consumption 2015 98.94K bbl -0.36%
Azerbaijan Oil Production 2015 840.63K bbl/day -0.99%
Azerbaijan Primary Energy Consumption 2015 13.72M mtoe 3.69%
Azerbaijan Proved Oil Reserves 2016 7.00B bbl 0.00
View and sort all 165 Azerbaijan Indicators



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