Real GDP growth, %
Since 1995 · lighter bars = IMF projection
Macro
Azerbaijan
Europe & Central Asia · Upper middle income · IMF WEO April 2026 · World Bank WDI
GDP▲ 2.0%
Current prices2025
76USD bn
GDP per capita▲ 0.8%
Current prices2025
7,322USD
Real GDP growth▼ 2.8 pp
Annual change2025
1.4%
Inflation▲ 3.4 pp
Average consumer prices2025
5.6%
Unemployment▼ 0.1 pp
Rate2025
5.3%
Government debt▼ 1.5 pp
General government, gross2025
20.1% of GDP
Current account▼ 0.8 pp
Balance2025
5.5% of GDP
Population▲ 1.2%
Total2025
10.37million
Inflation, %
Average consumer prices · lighter bars = IMF projection
IMF outlook
IMF World Economic Outlook April 2026 · italics = IMF projection
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|
| Real GDP growth % | 5.6 | 4.7 | 1.4 | 4.2 | 1.4 | 2.2 | 2.5 | 2.5 | 2.5 | 2.5 |
| Inflation, average consumer prices % | 6.7 | 13.9 | 8.8 | 2.2 | 5.6 | 6.0 | 5.1 | 4.1 | 4.0 | 4.0 |
| Unemployment rate % | 6.0 | 5.6 | 5.5 | 5.4 | 5.3 | 5.3 | 5.2 | 5.1 | 5.1 | 5.0 |
| GDP, current prices USD bn | 55 | 79 | 72 | 74 | 76 | 78 | 83 | 88 | 94 | 100 |
| GDP per capita, current prices USD | 5,468 | 7,831 | 7,152 | 7,262 | 7,322 | 7,467 | 7,820 | 8,203 | 8,615 | 9,047 |
| GDP per capita, PPP Int. USD | 20,335 | 22,724 | 23,734 | 25,034 | 25,795 | 26,800 | 27,735 | 28,543 | 29,415 | 30,339 |
| General government gross debt % of GDP | 26.3 | 17.3 | 21.8 | 21.6 | 20.1 | 20.0 | 20.0 | 19.9 | 19.9 | 20.0 |
| General government net lending/borrowing % of GDP | 4.2 | 6.0 | 7.9 | 4.1 | 2.6 | 1.8 | 0.2 | -0.6 | -0.5 | -0.6 |
| Current account balance % of GDP | 15.1 | 29.8 | 11.5 | 6.3 | 5.5 | 9.7 | 5.4 | 2.0 | 1.6 | 1.0 |
| Population million | 10.03 | 10.06 | 10.13 | 10.25 | 10.37 | 10.50 | 10.62 | 10.75 | 10.88 | 11.01 |
Government debt, % of GDP
General government gross debt
Current account, % of GDP
Balance of payments
Economic structure
Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
| Year | Structure | Agriculture | Industry | Manufacturing | Services |
|---|---|---|---|---|---|
| 1995 | 25.3 | 31.0 | 11.5 | 37.9 | |
| 2005 | 9.1 | 58.8 | 6.5 | 25.1 | |
| 2015 | 6.2 | 44.9 | 5.0 | 40.7 | |
| 2025 | 5.9 | 39.5 | 6.0 | 45.3 |
Income, trade and society
World Bank WDI · change over 10 years
| Indicator | Latest | Unit | Year | 10Y change |
|---|---|---|---|---|
| GNI per capita, Atlas method | 7,360 | USD | 2025 | +11.3% |
| GNI, Atlas method | 75 | USD bn | 2025 | +18.3% |
| Exports of goods and services | 43.0 | % of GDP | 2025 | +5.2 pp |
| Imports of goods and services | 36.8 | % of GDP | 2025 | +2.0 pp |
| Life expectancy at birth | 74.6 | years | 2024 | +3.7% |
| Urban population | 58.6 | % of total | 2025 | +3.5 pp |
Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)