Azerbaijan's $74 billion economy, growing 3.0% in 2025, hinges on oil and gas exports (60% GDP), with per capita at $7,400. Non-oil sectors like agriculture and tourism gain traction, balancing energy volatility. Pipeline exports to Europe lead, while machinery imports rise. Sanctions and 5% inflation pose hurdles for 10 million people. Recent Shah Deniz gas expansions and solar projects bolster diversification. Azerbaijan focuses on tech infrastructure and education, targeting 50% non-oil GDP by 2030. Using its Caspian location, it fosters regional trade, enhancing resilience against geopolitical tensions and environmental shifts, aiming for sustainable growth.
World Bank GDP economic data: 2010-2024. Last updated Oct 2025.
Azerbaijan GDP Statistics by Year
| Year | GDP Size (in billions $) |
| 2024 | 74 |
| 2023 | 72 |
| 2022 | 79 |
| 2021 | 55 |
| 2020 | 43 |
| 2019 | 48 |
| 2018 | 47 |
| 2017 | 41 |
| 2016 | 38 |
| 2015 | 53 |
| 2014 | 75 |
| 2013 | 74 |
| 2012 | 70 |
| 2011 | 66 |
| 2010 | 53 |