Azerbaijans GDP (PPP) is estimated at $194.1 billion in 2025. Oil and gas dominate, contributing over 40% of GDP and nearly all exports. The PPP adjustment reflects a low cost of living, amplifying GDP compared to nominal values. Diversification into agriculture, tourism, and technology is slow, with infrastructure like the Baku-Tbilisi-Ceyhan pipeline supporting growth. Authoritarian governance and corruption deter foreign investment, while tensions with Armenia pose risks. Azerbaijans economic future depends on balancing resource wealth with broader development.
World Bank purchasing power parity GDP economic data as of July 2025.