Azerbaijan GDP Annual Growth Rate  2001-2016 | Data | Chart | Calendar

Azerbaijan's economy shrank 3.5 percent year-on-year in the first quarter of 2016 compared to 5.3 percent growth in the same period a year ago. The GDP contracted for the first time since 2011, mainly driven by a decline in the industrial sector (-39 percent), especially in oil (-1.5 percent) and gas (-7.9 percent) production, trade (-13.3 percent), construction (-8.4 percent) and transport (-6.7 percent) sectors. GDP Annual Growth Rate in Azerbaijan averaged 11.01 percent from 2001 until 2015, reaching an all time high of 40.40 percent in the first quarter of 2006 and a record low of -3.80 percent in the fourth quarter of 2011. GDP Annual Growth Rate in Azerbaijan is reported by the The State Statistical Committee of the Republic of Azerbaijan.

Azerbaijan GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-3.50 5.70 40.40 -3.80 2001 - 2016 percent Quarterly
Azerbaijan economy is based on oil and gas extraction which account for 95 percent of exports and 75 percent of government revenues. During the oil boom of 2003-2007, the economy expanded by an average of 21 percent per year. In 2015, the GDP growth has slowed dramatically mostly due to low energy prices and the impact from an economic crisis in neighbouring Russia. This page provides - Azerbaijan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Azerbaijan GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2016.


Azerbaijan GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -3.50 5.70 40.40 -3.80 percent [+]
GDP 53.05 75.20 75.20 3.05 USD Billion [+]
GDP Constant Prices 27002.30 21513.00 58978.00 656.00 AZN Million [+]
Gross Fixed Capital Formation 3003.10 4767.10 4942.60 173.00 AZN Million [+]
GDP per capita 6115.76 6122.98 6122.98 1216.08 USD [+]
GDP per capita PPP 16695.40 16715.10 16715.10 3319.80 USD [+]
Gross National Product 55288.40 51644.70 55288.40 0.30 AZN Million [+]
GDP From Agriculture 155.70 314.60 660.00 142.10 AZN Million [+]
GDP From Construction 456.00 1164.50 1346.80 456.00 AZN Million [+]
GDP From Manufacturing 250.20 372.90 372.90 246.90 AZN Million [+]
GDP From Mining 2538.10 4069.50 4074.40 2394.10 AZN Million [+]
GDP From Public Administration 110.00 221.10 221.10 94.20 AZN Million [+]
GDP From Services 61.00 159.40 159.40 54.40 AZN Million [+]
GDP From Transport 608.90 829.70 829.70 515.80 AZN Million [+]
GDP From Utilities 29.20 39.50 39.60 26.80 AZN Million [+]




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Maldives 2.90 Dec/15
Botswana 2.80 Mar/16
Guatemala 2.80 Mar/16
New Zealand 2.80 Mar/16
Croatia 2.70 Mar/16
Cyprus 2.70 Jun/16
Cameroon 2.60 Dec/15
El Salvador 2.60 Dec/15
Georgia 2.60 Mar/16
Hungary 2.60 Jun/16
Somalia 2.60 Dec/14
Colombia 2.50 Mar/16
Czech Republic 2.50 Jun/16
Mexico 2.50 Jun/16
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Ireland 2.30 Mar/16
Jordan 2.30 Mar/16
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Bosnia and Herzegovina 2.10 Mar/16
Latvia 2.10 Jun/16
Singapore 2.10 Jun/16
Cayman Islands 2.00 Dec/15
Macedonia 2.00 Mar/16
European Union 1.80 Jun/16
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Euro Area 1.60 Jun/16
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Zimbabwe 1.50 Dec/15
Belgium 1.40 Jun/16
France 1.40 Jun/16
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Tunisia 1.40 Jun/16
Finland 1.30 Jun/16
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Austria 1.20 Jun/16
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Canada 1.10 Mar/16
Montenegro 1.10 Mar/16
Lebanon 1.00 Dec/15
Barbados 0.90 Dec/15
Jamaica 0.80 Mar/16
Moldova 0.80 Mar/16
Portugal 0.80 Jun/16
Nepal 0.77 Dec/15
Italy 0.70 Jun/16
Norway 0.70 Mar/16
Switzerland 0.70 Mar/16
Taiwan 0.70 Jun/16
Estonia 0.60 Jun/16
Iran 0.60 Mar/15
Argentina 0.49 Mar/16
Denmark 0.30 Mar/16
Eritrea 0.30 Dec/15
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Guinea 0.10 Dec/15
Japan 0.10 Mar/16
Kazakhstan 0.10 Jun/16
Greece -0.10 Jun/16
South Africa -0.20 Mar/16
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Azerbaijan -3.50 Mar/16
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Oman -14.10 Dec/15
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