Azerbaijan 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$42.69 billion
↓ 11.38% vs 2019GDP per Capita
$4,229.91
↓ 11.98% vs 2019GDP Growth (Annual %)
-4.30%
↓ 6.80pp vs 2019Inflation Rate (CPI %)
2.76%
↑ 0.15pp vs 2019Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $48.17 billion | $42.69 billion | -11.38% |
| GDP per Capita | $4,805.75 | $4,229.91 | -11.98% |
| GDP Growth (Annual %) | 2.50% | -4.30% | -6.80pp |
| Inflation (CPI %) | 2.61% | 2.76% | +0.15pp |
| Unemployment Rate (%) | 5.00% | 7.24% | +2.24pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $42.69 billion
- GDP per Capita
- $4,229.91
- GDP Growth (Annual %)
- -4.30%
- Gross National Income
- $42.42 billion
Prices & Employment
- Inflation (CPI %)
- 2.76%
- Inflation (GDP Deflator %)
- -7.40%
- Unemployment Rate (%)
- 7.24%
- Interest Rate (Real %)
- 26.54%
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)
- -0.74%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, Azerbaijan's Gross Domestic Product (GDP) is $42.69 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Azerbaijan for 2020 is $4,229.91. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Azerbaijan for 2020 is 2.76%. This measures the annual percentage change in the cost of consumer goods and services.
Azerbaijan's annual GDP growth rate for 2020 is -4.30%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Azerbaijan for 2020 is 7.24%. This represents the percentage of the labor force that is unemployed and actively seeking employment.