Azerbaijan GDP Annual Growth Rate  2001-2017 | Data | Chart | Calendar

The Azeri economy shrank 3.8 percent year-on-year in 2016, compared to a 1.1 percent expansion in 2015 and worse than earlier estimates from the Economy Minister of a 2.8 percent contraction. Construction was the main drag on growth, decreasing by 27.6 percent. The World Bank expects the GDP to advance 1.2 percent in 2017 amid a stabilization in commodity prices. GDP Annual Growth Rate in Azerbaijan averaged 10.38 percent from 2001 until 2016, 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.

Azerbaijan GDP Annual Growth Rate
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Azerbaijan GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -3.80 -3.90 40.40 -3.90 percent [+]
GDP 53.05 75.20 75.20 3.05 USD Billion [+]
GDP Constant Prices 10042.60 5233.10 59987.70 656.00 AZN Million [+]
Gross Fixed Capital Formation 4260.80 3527.40 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 [+]
GDP From Agriculture 636.10 402.00 636.10 142.10 AZN Million [+]
GDP From Construction 888.20 712.10 1325.80 458.80 AZN Million [+]
GDP From Manufacturing 328.80 366.40 366.40 235.50 AZN Million [+]
GDP From Mining 3678.50 2609.90 4074.40 2394.10 AZN Million [+]
GDP From Public Administration 209.70 137.10 221.00 94.20 AZN Million [+]
GDP From Services 94.40 79.50 143.90 54.40 AZN Million [+]
GDP From Transport 818.10 719.40 818.10 515.80 AZN Million [+]
GDP From Utilities 27.40 30.20 39.60 26.80 AZN Million [+]
Gross National Product 57322.40 55288.40 57322.40 0.30 AZN Million [+]



Azerbaijan GDP Annual Growth Rate Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-3.80 -3.90 40.40 -3.90 2001 - 2016 percent Quarterly



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