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Unit ( Billions of US dollars )
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According to the latest statistical data released by the World Bank in 2024, the gross domestic product(GDP) of Azerbaijan in 2021 was $54.62 billion, ranking 83rd in the world and 24th in Asian countries. In 2020, the GDP of Azerbaijan was $42.69 billion, ranking 91st in the world and 28th in Asian countries. In 2019, the GDP of Azerbaijan was $48.17 billion, ranking 92nd in the world and 29th in Asian countries. In 2018, the GDP of Azerbaijan was $47.11 billion, ranking 92nd in the world and 29th in Asian countries. Azerbaijan's GDP growth rates in 2021, 2020, 2019 and 2018 were 27.94%, -11.38%, 2.25% and 15.29% respectively.
| Year | GDP | Share of World GDP |
|---|---|---|
| 2021 | $54.62 billion | 0.0568% |
| 2020 | $42.69 billion | 0.0503% |
| 2019 | $48.17 billion | 0.055% |
| 2018 | $47.11 billion | 0.0545% |
| 2017 | $40.87 billion | 0.0502% |
| 2016 | $37.87 billion | 0.0495% |
| 2015 | $53.07 billion | 0.0706% |
| 2014 | $75.24 billion | 0.0944% |
| 2013 | $74.16 billion | 0.0956% |
| 2012 | $69.68 billion | 0.0923% |
| 2011 | $65.95 billion | 0.0893% |
| 2010 | $52.91 billion | 0.0794% |
| 2009 | $44.29 billion | 0.0728% |
| 2008 | $48.85 billion | 0.0762% |
| 2007 | $33.05 billion | 0.0566% |
| 2006 | $20.98 billion | 0.0405% |
| 2005 | $13.25 billion | 0.0277% |
| 2004 | $8.68 billion | 0.0197% |
| 2003 | $7.28 billion | 0.0186% |
| 2002 | $6.24 billion | 0.0179% |
| 2001 | $5.71 billion | 0.017% |
| 2000 | $5.27 billion | 0.0156% |
| 1999 | $4.58 billion | 0.014% |
| 1998 | $4.45 billion | 0.0141% |
| 1997 | $3.96 billion | 0.0125% |
| 1996 | $3.18 billion | 0.01% |
| 1995 | $2.42 billion | 0.0078% |
| 1994 | $1.19 billion | 0.0043% |
| 1993 | $1.57 billion | 0.0061% |
| 1992 | $0.45 billion | 0.0018% |
| 1991 | $8.79 billion | 0.037% |
| 1990 | $8.86 billion | 0.0389% |