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
Energy (View all 1)
Azerbaijan Carbon Dioxide Emissions 2017 32.19M mt -3.32%
Azerbaijan Coal Consumption 2017 0.0006M mtoe -0.27%
Azerbaijan Natural Gas Consumption 2017 10.59B cu m -3.15%
Azerbaijan Natural Gas Production 2017 17.73B cu m -2.99%
Azerbaijan Nuclear Energy Consumption(DISCONTINUED) 2017 0.00 TWh
Azerbaijan Oil Consumption 2017 92.12K bbl -5.77%
Azerbaijan Oil Production 2017 794.53K bbl/day -5.13%
Azerbaijan Primary Energy Consumption 2017 13.94M mtoe -4.40%
Azerbaijan Proved Oil Reserves 2017 7.00B bbl 0.00%
View and sort all 167 Azerbaijan Indicators



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