The economy of Azerbaijan expanded by 4.1 percent year-on-year in January-December period 2024, accelerating from a 4.6 percent growth in the same period last year. Full Year GDP Growth in Azerbaijan averaged 3.98 percent from 1991 until 2024, reaching an all time high of 34.50 percent in 2006 and a record low of -23.10 percent in 1993. source: World Bank
Full Year GDP Growth in Azerbaijan is expected to reach 2.50 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Full Year GDP Growth is projected to trend around 2.40 percent in 2026 and 2.00 percent in 2027, according to our econometric models.