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Economy of Azerbaijan

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Overview Economy Population Trade Government Finance Society Environment

GDP Composition by Industry

39.8% 7.4% 14.6% 9.8% 22.1%
  • Agriculture, forestry & fishing: 6.3%
  • Mining, manufacturing & utilities: 39.8%
  • Construction: 7.4%
  • Trade, restaurants & hotels: 14.6%
  • Transport & communication: 9.8%
  • Finance, real estate & other services: 22.1%
Show table
Agriculture, forestry & fishing
6.3%
Mining, manufacturing & utilities
39.8%
Construction
7.4%
Trade, restaurants & hotels
14.6%
Transport & communication
9.8%
Finance, real estate & other services
22.1%

Share of total gross value added by industry.
Source: UN National Accounts, 2024.

GDP

GDP (USD) 78.4B #88 / 190 2026
GDP (Local currency - AZN) 133B - 2026
Real GDP (Local currency - AZN) 35.2B - 2026
PPP GDP (Int$) 281B #74 / 191 2026
GNI (USD) 77.6B #80 / 210 2024

GDP per Capita

GDP per Capita (USD) 7,467 #108 / 190 2026
GDP per Capita (Local currency - AZN) 12,694 - 2026
Real GDP per Capita (Local currency - AZN) 3,355 - 2026
PPP GDP per Capita (Int$) 26,800 #82 / 191 2026
GNI per Capita (USD) 7,506 #110 / 210 2024

Economic Growth

GDP Growth 2.2% #127 / 191 2026

Prices and Inflation

Inflation Rate 6% #38 / 191 2026

Labor Market

Unemployment Rate 5.3% #50 / 103 2026

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