Azerbaijan GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Azerbaijan expanded 2.50 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Azerbaijan averaged 11.83 Percent from 2001 until 2014, 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.
||2001 - 2014
Azerbaijan has one of the fastest growing economies in the world due to oil and gas extraction. Revenues from the State Oil Fund have been funnelled towards public expenditure. As a result, the construction, banking and real estate sectors have expanded very fast. Corruption is a serious problem which has mostly remained unaddressed. This page provides - Azerbaijan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.