Azerbaijan 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$75.14 billion
↑ 3.84% vs 2023GDP per Capita
$7,399.88
↑ 3.84% vs 2023GDP Growth (Annual %)
3.84%
↑ 2.72pp vs 2023Inflation Rate (CPI %)
2.21%
↓ 6.57pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $72.36 billion | $75.14 billion | +3.84% |
| GDP per Capita | $7,125.91 | $7,399.88 | +3.84% |
| GDP Growth (Annual %) | 1.12% | 3.84% | +2.72pp |
| Inflation (CPI %) | 8.79% | 2.21% | -6.57pp |
| Unemployment Rate (%) | 5.64% | 5.59% | -0.04pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $75.14 billion
- GDP per Capita
- $7,399.88
- GDP Growth (Annual %)
- 3.84%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 2.21%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 5.59%
- Interest Rate (Real %)
- N/A
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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Azerbaijan's Gross Domestic Product (GDP) is $75.14 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Azerbaijan for 2024 is $7,399.88. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Azerbaijan for 2024 is 2.21%. This measures the annual percentage change in the cost of consumer goods and services.
Azerbaijan's annual GDP growth rate for 2024 is 3.84%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Azerbaijan for 2024 is 5.59%. This represents the percentage of the labor force that is unemployed and actively seeking employment.