Azerbaijan’s GDP Growth
#22 of 189 in the GDP Growth progress rankings
Measured as the annual percentage change in real GDP at constant national prices, this indicator shows the year-on-year rate of economic expansion. It reveals economic momentum and growth trends (higher is better).
Key insights
- From 1991 to 2024, GDP Growth changed by +4.8 %.
- Most recent year-over-year change (2023→2024): +2.7 %.
- Lowest level: -23.1 % in 1993.
- Highest level: 34.5 % in 2006.
GDP Growth Chart (1991–2024)
*Average based on available data from 193 UN member countries
GDP Growth Table (1991–2024)
| Year | GDP Growth |
|---|---|
| 1991 | -0.7 % |
| 1992 | -22.6 % |
| 1993 | -23.1 % |
| 1994 | -19.7 % |
| 1995 | -11.8 % |
| 1996 | 1.3 % |
| 1997 | 5.8 % |
| 1998 | 10.0 % |
| 1999 | 7.4 % |
| 2000 | 11.1 % |
| 2001 | 9.9 % |
| 2002 | 9.4 % |
| 2003 | 10.2 % |
| 2004 | 9.3 % |
| 2005 | 28.0 % |
| 2006 | 34.5 % |
| 2007 | 25.5 % |
| 2008 | 10.6 % |
| 2009 | 9.4 % |
| 2010 | 4.8 % |
| 2011 | -1.6 % |
| 2012 | 2.2 % |
| 2013 | 5.8 % |
| 2014 | 2.8 % |
| 2015 | 1.1 % |
| 2016 | -3.1 % |
| 2017 | 0.2 % |
| 2018 | 1.5 % |
| 2019 | 2.5 % |
| 2020 | -4.2 % |
| 2021 | 5.6 % |
| 2022 | 4.7 % |
| 2023 | 1.4 % |
| 2024 | 4.1 % |
Source: World Bank
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