Azerbaijan 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$72.36 billion
↓ 8.19% vs 2022GDP per Capita
$7,125.91
↓ 8.30% vs 2022GDP Growth (Annual %)
1.12%
↓ 3.59pp vs 2022Inflation Rate (CPI %)
8.79%
↓ 5.07pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $78.81 billion | $72.36 billion | -8.19% |
| GDP per Capita | $7,770.59 | $7,125.91 | -8.30% |
| GDP Growth (Annual %) | 4.71% | 1.12% | -3.59pp |
| Inflation (CPI %) | 13.85% | 8.79% | -5.07pp |
| Unemployment Rate (%) | 5.65% | 5.64% | -0.01pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $72.36 billion
- GDP per Capita
- $7,125.91
- GDP Growth (Annual %)
- 1.12%
- Gross National Income
- $69.28 billion
Prices & Employment
- Inflation (CPI %)
- 8.79%
- Inflation (GDP Deflator %)
- -9.21%
- Unemployment Rate (%)
- 5.64%
- Interest Rate (Real %)
- 25.52%
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)
- 11.51%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Azerbaijan's Gross Domestic Product (GDP) is $72.36 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Azerbaijan for 2023 is $7,125.91. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Azerbaijan for 2023 is 8.79%. This measures the annual percentage change in the cost of consumer goods and services.
Azerbaijan's annual GDP growth rate for 2023 is 1.12%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Azerbaijan for 2023 is 5.64%. This represents the percentage of the labor force that is unemployed and actively seeking employment.