Azerbaijan 2016
Detailed economic analysis and indicators for 2016
Key Economic Indicators (2016)
GDP (Current USD)
$37.87 billion
↓ 28.66% vs 2015GDP per Capita
$3,880.69
↓ 29.45% vs 2015GDP Growth (Annual %)
-3.10%
↓ 4.19pp vs 2015Inflation Rate (CPI %)
12.44%
↑ 8.42pp vs 2015Year-over-Year Comparison
| Indicator | 2015 | 2016 | Change |
|---|---|---|---|
| GDP (Current USD) | $53.08 billion | $37.87 billion | -28.66% |
| GDP per Capita | $5,500.50 | $3,880.69 | -29.45% |
| GDP Growth (Annual %) | 1.09% | -3.10% | -4.19pp |
| Inflation (CPI %) | 4.03% | 12.44% | +8.42pp |
| Unemployment Rate (%) | 4.96% | 5.00% | +0.04pp |
All Economic Indicators (2016)
National Accounts
- GDP (Current USD)
- $37.87 billion
- GDP per Capita
- $3,880.69
- GDP Growth (Annual %)
- -3.10%
- Gross National Income
- $35.59 billion
Prices & Employment
- Inflation (CPI %)
- 12.44%
- Inflation (GDP Deflator %)
- 14.67%
- Unemployment Rate (%)
- 5.00%
- Interest Rate (Real %)
- 1.49%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -3.60%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2016, Azerbaijan's Gross Domestic Product (GDP) is $37.87 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Azerbaijan for 2016 is $3,880.69. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Azerbaijan for 2016 is 12.44%. This measures the annual percentage change in the cost of consumer goods and services.
Azerbaijan's annual GDP growth rate for 2016 is -3.10%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Azerbaijan for 2016 is 5.00%. This represents the percentage of the labor force that is unemployed and actively seeking employment.