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
Components of GDP (View all 1)
Azerbaijan General Government Final Consumption Expenditure (NSA) 2020 15.93% of GDP 43.22%
Azerbaijan Net Trade in Goods and Services (NSA) 2020 -329.07M USD
Azerbaijan Trade (NSA) 2020 72.16% of GDP -15.91%
Consumer Prices (View all 1)
Azerbaijan Inflation (NSA) 2020 2.76% 5.72%
Employment (View all 1)
Azerbaijan Unemployment Rate Outlook (NSA) 2026 5.40% -1.82%
Energy (View all 1)
Azerbaijan Carbon Dioxide Emissions 2020 33.81M mt -4.49%
Azerbaijan Coal Consumption 2020 0.0000 EJ 0.00%
Azerbaijan Natural Gas Consumption 2020 11.89B cu m 0.89%
Azerbaijan Natural Gas Production 2020 25.84B cu m 6.27%
Azerbaijan Oil Consumption 2020 91.96K bbl/d -11.79%
Azerbaijan Oil Production 2020 716.10K bbl/d -7.57%
Azerbaijan Primary Energy Consumption 2020 0.6219M mtoe -4.07%
Azerbaijan Proved Oil Reserves 2020 7.00B bbl 0.00%
Financial Services Sector Assets and Liabilities (View all 1)
Azerbaijan Bank Liquid Reserves to Bank Assets Ratio (NSA) 2020 26.20% 11.92%
GDP (View all 1)
Azerbaijan GDP (NSA) 2020 42.61B USD -11.56%
Azerbaijan Real GDP YoY Outlook (NSA) 2026 1.70% 0.00%
Governance and Policy (View all 1)
Azerbaijan Profit Tax (NSA) 2019 12.70% -7.97%
Government Assets and Liabilities (View all 1)
Azerbaijan General Government Gross Debt Outlook (NSA) 2026 32.00% of GDP 1.91%
Government Receipts and Outlays (View all 1)
Azerbaijan General Government Final Consumption Expenditure (NSA) 2020 15.93% of GDP 43.22%
Azerbaijan Military Expenditure (NSA) 2019 3.152B AZN 10.89%
Azerbaijan Profit Tax (NSA) 2019 12.70% -7.97%
Azerbaijan Tax Revenue (NSA) 2019 11.64B AZN 12.09%
Infrastructure (View all 1)
Azerbaijan Secure Internet Servers (NSA) 2020 298.81 /mil ppl -18.98%
International Transactions (View all 1)
Azerbaijan Net Trade in Goods and Services (NSA) 2020 -329.07M USD
Military (View all 3)
Azerbaijan Military Expenditure (NSA) 2019 3.152B AZN 10.89%
Population (View all 1)
Azerbaijan Population Density (NSA) 2020 122.32 Ppl/kmĀ² 0.86%
Azerbaijan Population Outlook (NSA) 2026 10.85M 1.20%
View and sort all 178 Azerbaijan Indicators

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