Azerbaijan
Capital: BakuRegion: Europe & Central AsiaIncome: Upper middle income
GDP
$80.02B
2026
Population
10.2M
2024
GDP per Capita
$8K
2026
Life Expectancy
74.4 years
2023
Economy
| Indicator | Value | Year |
|---|---|---|
| GDP (Current USD, Billions) | $80.02B | 2026 |
| Real GDP Growth (%) | 2.5% | 2026 |
| GDP per Capita (USD) | $8K | 2026 |
| GDP, PPP (Billions Intl $) | $282.24B | 2026 |
| GDP per Capita, PPP (Intl $) | $27K | 2026 |
| Share of World GDP, PPP (%) | 0.13% | 2026 |
| GNI (Current USD) | $71.75B | 2024 |
| GNI per Capita (USD) | $7K | 2024 |
| GNI per Capita, PPP (USD) | $24K | 2024 |
| Industry Value Added (% of GDP) | 42.6% | 2024 |
| Services Value Added (% of GDP) | 42.3% | 2024 |
| Agriculture Value Added (% of GDP) | 5.7% | 2024 |
| Government Consumption (% of GDP) | 14.4% | 2024 |
| Household Consumption (% of GDP) | 55.4% | 2024 |
| Gross Capital Formation (% of GDP) | 21.1% | 2024 |
| Gross Savings (% of GNI) | 27.6% | 2024 |
| GDP Deflator (%) | -1.4% | 2024 |
| GDP per Person Employed (USD) | $47K | 2024 |
| Manufacturing Value Added (% of GDP) | 5.2% | 2024 |
| Medium/High-Tech Manufacturing (% of total) | 18.0% | 2022 |
| Adjusted Net National Income per Capita (USD) | $4K | 2021 |
| Adjusted Net Savings (% of GNI) | 9.3% | 2021 |
| External Balance on Goods & Services (% of GDP) | 9.1% | 2024 |
| Coal Rents (% of GDP) | 0.00% | 2021 |
| Mineral Rents (% of GDP) | 0.35% | 2021 |
| Oil Rents (% of GDP) | 20.98% | 2021 |
| Natural Gas Rents (% of GDP) | 8.59% | 2021 |
| Total Natural Resources Rents (% of GDP) | 29.9% | 2021 |
| Forest Rents (% of GDP) | 0.02% | 2021 |
| Industry Value Added (Current USD) | $31.67B | 2024 |
Fiscal & Monetary
| Indicator | Value | Year |
|---|---|---|
| Inflation, Consumer Prices (%) | 4.5% | 2026 |
| Govt Gross Debt (% of GDP) | 23.5% | 2026 |
| Fiscal Balance (% of GDP) | -2.0% | 2026 |
| Current Account Balance (% of GDP) | 2.3% | 2026 |
| Unemployment Rate (%) | 5.3% | 2026 |
| Inflation, CPI (%, World Bank) | 2.2% | 2024 |
| Lending Interest Rate (%) | 14.7% | 2024 |
| Deposit Interest Rate (%) | 8.6% | 2024 |
| Government Revenue (% of GDP) | 39.8% | 2023 |
| Tax Revenue (% of GDP) | 17.8% | 2023 |
| Taxes on Goods & Services (% of revenue) | 19.9% | 2023 |
| Taxes on Income, Profits & Capital Gains (% of rev) | 19.1% | 2023 |
| Net Investment in Nonfinancial Assets (% of GDP) | 7.6% | 2023 |
| Total Reserves incl. Gold (USD) | $12.70B | 2024 |
| Total Reserves (months of imports) | 4.7 | 2024 |
| Official Exchange Rate (per USD) | 1.70 | 2024 |
| Broad Money (% of GDP) | 36.8% | 2024 |
Trade
| Indicator | Value | Year |
|---|---|---|
| Trade (% of GDP) | 82.7% | 2024 |
| Imports of Goods & Services (% of GDP) | 36.8% | 2024 |
| Exports of Goods & Services (USD) | $34.11B | 2024 |
| Imports of Goods & Services (USD) | $27.34B | 2024 |
| Merchandise Exports (USD) | $26.55B | 2024 |
| Merchandise Imports (USD) | $21.06B | 2024 |
| FDI Inflows (% of GDP) | 0.3% | 2024 |
| FDI Outflows (% of GDP) | 1.0% | 2024 |
| FDI Net Inflows (USD) | $231.3M | 2024 |
| Personal Remittances Received (USD) | $1.35B | 2024 |
| Personal Remittances Received (% of GDP) | 1.8% | 2024 |
| High-Tech Exports (% of manufactured) | 2.9% | 2024 |
| Current Account Balance (% of GDP) | 6.3% | 2024 |
| Current Account Balance (USD) | $4.67B | 2024 |
External Debt
| Indicator | Value | Year |
|---|---|---|
| External Debt (% of GNI) | 17.0% | 2024 |
| External Debt Stocks (USD) | $12.20B | 2024 |
| Total Debt Service (% of GNI) | 5.8% | 2024 |
| Present Value of External Debt (USD) | $8.43B | 2024 |
| Use of IMF Credit (USD) | $689.9M | 2024 |
| Net ODA Received (% of GNI) | 0.2% | 2023 |
Finance
| Indicator | Value | Year |
|---|---|---|
| Domestic Credit by Financial Sector (% of GDP) | 21.0% | 2024 |
| Domestic Credit to Private Sector (% of GDP) | 26.4% | 2024 |
| Stock Market Capitalization (% of GDP) | 2.2% | 2024 |
| Stock Market Capitalization (USD) | $1.64B | 2024 |
| Stock Market Turnover (% of GDP) | 0.0% | 2024 |
| Listed Domestic Companies | 36 | 2024 |
| Bank Capital to Assets Ratio (%) | 8.2% | 2023 |
| Bank Nonperforming Loans (%) | 1.9% | 2023 |
| Account Ownership at Financial Institution (%) | 56.3% | 2024 |
| Account Ownership, Female (%) | 46.2% | 2024 |
| Account Ownership, Male (%) | 67.0% | 2024 |
| Firms Using Banks to Finance Investment (%) | 31.6% | 2024 |
Business Environment
| Indicator | Value | Year |
|---|---|---|
| Time to Get Electricity (days) | 14 | 2024 |
Private Sector
| Indicator | Value | Year |
|---|---|---|
| Firms Expected to Pay Bribes (%) | 6.0% | 2024 |
| Firms with Female Top Manager (%) | 9.6% | 2024 |
| Firms with Female Participation in Ownership (%) | 7.3% | 2024 |
| Average Firm Age (years) | 12 years | 2024 |
| Firms Using Computers (%) | 16.0% | 2024 |
People
| Indicator | Value | Year |
|---|---|---|
| Population | 10.2M | 2024 |
| Population Growth (%) | 0.5% | 2024 |
| Population Density (per km²) | 123 | 2023 |
| Surface Area (sq km) | 86,600 | 2023 |
| Land Area (sq km) | 82,650 | 2023 |
| Urban Population (%) | 58.6% | 2024 |
| Urban Population (total) | 6.0M | 2024 |
| Rural Population (%) | 41.4% | 2024 |
| Life Expectancy at Birth | 74.4 years | 2023 |
| Life Expectancy, Male | 71.6 years | 2023 |
| Life Expectancy, Female | 77.1 years | 2023 |
| Fertility Rate (births per woman) | 1.6 | 2023 |
| Birth Rate (per 1,000) | 11.1 | 2023 |
| Death Rate (per 1,000) | 5.9 | 2023 |
| Net Migration | 8,731 | 2025 |
| Population Ages 0–14 (%) | 21.8% | 2024 |
| Population Ages 15–64 (%) | 69.6% | 2024 |
| Population Ages 65+ (%) | 8.6% | 2024 |
| Age Dependency Ratio (%) | 43.6% | 2024 |
| Mortality Rate, Adult Male (per 1,000) | 145.1 | 2023 |
| Mortality Rate, Adult Female (per 1,000) | 69.2 | 2023 |
Labor
| Indicator | Value | Year |
|---|---|---|
| Total Labor Force | 5.1M | 2025 |
| Labor Force Participation (%) | 63.3% | 2025 |
| Female Labor Force Participation (%) | 60.8% | 2025 |
| Male Labor Force Participation (%) | 66.0% | 2025 |
| Unemployment (%) | 5.5% | 2025 |
| Female Unemployment (%) | 6.3% | 2025 |
| Male Unemployment (%) | 4.7% | 2025 |
| Youth Unemployment (%) | 13.1% | 2025 |
| Employment in Agriculture (%) | 34.2% | 2025 |
| Employment in Industry (%) | 15.5% | 2025 |
| Employment in Services (%) | 50.2% | 2025 |
| Vulnerable Employment (%) | 53.8% | 2025 |
| Wage & Salaried Workers (% of total) | 33.0% | 2025 |
| Part-Time Employment (%) | 19.3% | 2022 |
| Employers (% of total employment) | 13.1% | 2025 |
| Labor Force, Female (% of total) | 49.9% | 2025 |
Education
| Indicator | Value | Year |
|---|---|---|
| Education Spending (% of GDP) | 3.7% | 2023 |
| Education Spending (% of govt expenditure) | 11.9% | 2025 |
| Adult Literacy Rate (%) | 99.8% | 2023 |
| Male Literacy Rate (%) | 99.8% | 2023 |
| Youth Literacy Rate (%) | 99.9% | 2023 |
| Primary School Enrollment (%) | 105.6% | 2024 |
| Secondary School Enrollment (%) | 91.1% | 2024 |
| Tertiary School Enrollment (%) | 41.3% | 2024 |
| Primary Completion Rate (%) | 97.2% | 2024 |
| Lower Secondary Completion Rate (%) | 80.3% | 2024 |
| Out-of-School Children, Primary | 152 | 2024 |
| Out-of-School Girls, Primary | 81 | 2024 |
| Primary School Teachers | 38,731 | 2024 |
| Secondary School Teachers | 116,398 | 2024 |
| Pupil-Teacher Ratio, Primary | 15 | 2018 |
| Pupil-Teacher Ratio, Secondary | 8 | 2018 |
Health
| Indicator | Value | Year |
|---|---|---|
| Health Spending (% of GDP) | 4.3% | 2023 |
| Health Spending per Capita (USD) | $300 | 2023 |
| Government Health Spending (% of GDP) | 1.4% | 2023 |
| Out-of-Pocket Health Spending (% of total) | 64.6% | 2023 |
| Physicians (per 1,000 people) | 3.2 | 2022 |
| Nurses & Midwives (per 1,000) | 5.6 | 2022 |
| Hospital Beds (per 1,000) | 3.7 | 2023 |
| Infant Mortality (per 1,000 live births) | 18.6 | 2023 |
| Under-5 Mortality, Female (per 1,000) | 17.4 | 2023 |
| Under-5 Mortality, Male (per 1,000) | 19.6 | 2023 |
| Cause of Death, Communicable (%) | 6.0% | 2019 |
| Cause of Death, Non-Communicable (%) | 90.2% | 2019 |
| Cause of Death, Injury (%) | 3.8% | 2019 |
| Measles Immunization (% of children) | 71.0% | 2024 |
| DPT Immunization (% of children) | 51.0% | 2024 |
| HIV Incidence (per 1,000) | 0.10 | 2024 |
| Tuberculosis Incidence (per 100,000) | 64 | 2024 |
| Stunting, Children Under 5 (%) | 6.6% | 2023 |
| Overweight, Children Under 5 (%) | 4.0% | 2023 |
| Smoking Prevalence, Males (%) | 39.0% | 2022 |
| Smoking Prevalence, Females (%) | 0.1% | 2022 |
| Suicide Mortality Rate (per 100,000) | 1.6 | 2021 |
| Alcohol Consumption (liters per capita) | 2.5 | 2020 |
Energy & Environment
| Indicator | Value | Year |
|---|---|---|
| Energy Use (kg oil eq. per capita) | 1,732 | 2023 |
| Electric Power Consumption (kWh per capita) | 2,367 | 2023 |
| Renewable Electricity Output (%) | 5.8% | 2021 |
| Renewable Energy Consumption (%) | 1.3% | 2021 |
| Access to Clean Fuels for Cooking (%) | 98.9% | 2023 |
| PM2.5 Air Pollution (µg/m³) | 21.7 | 2020 |
| Forest Area (%) | 14.1% | 2023 |
| Forest Area (sq km) | 11,664 | 2023 |
| Terrestrial Protected Areas (%) | 12.0% | 2024 |
| Marine Protected Areas (%) | 1.0% | 2024 |
| Access to Basic Drinking Water (%) | 97.7% | 2024 |
| Access to Basic Sanitation (%) | 99.0% | 2024 |
Agriculture
| Indicator | Value | Year |
|---|---|---|
| Agricultural Land (%) | 57.8% | 2023 |
| Cereal Yield (kg per hectare) | 3,368 | 2023 |
| Food Production Index (2014–2016=100) | 129.0 | 2022 |
| Crop Production Index (2014–2016=100) | 144.9 | 2022 |
| Livestock Production Index (2014–2016=100) | 121.3 | 2022 |
| Land Under Cereal Production (hectares) | 936,377 | 2023 |
| Fertilizer Consumption (kg per hectare) | 43.8 | 2023 |
| Agricultural Irrigated Land (%) | 30.6% | 2023 |
| Annual Freshwater Withdrawals (% of internal) | 160.5% | 2022 |
Technology
| Indicator | Value | Year |
|---|---|---|
| Internet Users (%) | 89.0% | 2023 |
| Fixed Broadband Subscriptions (per 100) | 20.9 | 2023 |
| Secure Internet Servers (per million) | 541.0 | 2024 |
| R&D Spending (% of GDP) | 0.18% | 2023 |
| Patent Applications, Residents | 119 | 2021 |
| Patent Applications, Non-Residents | 16 | 2021 |
| Scientific Journal Articles | 1,175 | 2022 |
| High-Technology Exports (USD) | $37.1M | 2024 |
| ICT Service Exports (% of service exports) | 1.4% | 2024 |
| Industrial Design Applications, Resident | 63 | 2021 |
| Researchers in R&D (per million) | 1,663 | 2023 |
Infrastructure
| Indicator | Value | Year |
|---|---|---|
| Air Transport, Passengers Carried | 2.6M | 2023 |
| Air Transport, Freight (million ton-km) | 1,434.5 | 2023 |
| Rail Lines (total km) | 2,139 | 2021 |
| Railways, Passengers (million km) | 104 | 2021 |
| Railways, Goods (million ton-km) | 5,316 | 2021 |
| Logistics Performance Index (1–5) | 2.45 | 2014 |
| Electricity from Oil (%) | 0.4% | 2023 |
| Electricity from Nuclear (%) | 0.0% | 2021 |
Gender
| Indicator | Value | Year |
|---|---|---|
| Women in Parliament (%) | 20.8% | 2024 |
| Female Labor Force Participation, 15+ (%) | 61.9% | 2022 |
| Female Wage & Salaried Workers (%) | 28.4% | 2025 |
| Girls Out-of-School Rate (%) | 94.9% | 2018 |
| Adolescent Fertility Rate (per 1,000) | 34.8 | 2023 |
| Gender Parity Index, Secondary | 0.98 | 2021 |
Governance
| Indicator | Value | Year |
|---|---|---|
| Control of Corruption | -1.20 | 2023 |
| Government Effectiveness | -0.03 | 2023 |
| Regulatory Quality | -0.11 | 2023 |
| Voice & Accountability | -1.41 | 2023 |
| Control of Corruption (percentile rank) | 12.3% | 2023 |
| Government Effectiveness (percentile rank) | 50.5% | 2023 |
| Rule of Law (percentile rank) | 29.2% | 2023 |
| Political Stability (percentile rank) | 18.0% | 2023 |
Military
| Indicator | Value | Year |
|---|---|---|
| Military Spending (% of GDP) | 5.0% | 2024 |
| Armed Forces (% of labor force) | 1.6% | 2020 |
| Intentional Homicides (per 100,000) | 2.2 | 2023 |
Social Protection
| Indicator | Value | Year |
|---|---|---|
| Human Capital Index (0–1) | 0.58 | 2020 |
| Human Capital Index, Female | 0.59 | 2020 |
| Human Capital Index, Male | 0.57 | 2020 |
| Learning-Adjusted Years of School | 8.3 years | 2020 |
Tourism
| Indicator | Value | Year |
|---|---|---|
| International Tourism, Arrivals | 796,000 | 2020 |
| International Tourism, Departures | 1.2M | 2020 |
| Tourism Receipts (USD) | $340.0M | 2020 |
| Tourism Expenditures (USD) | $439.0M | 2020 |
| Tourism Receipts (% of total exports) | 2.2% | 2020 |
| International Tourism, Transport Services (USD) | $36.0M | 2020 |
Urban Development
| Indicator | Value | Year |
|---|---|---|
| Population in Largest City | 2.5M | 2025 |
| Population in Agglomerations >1M (% of total) | 24.3% | 2025 |
| Rural Population Growth (%) | 0.3% | 2024 |
| Access to Safely Managed Sanitation (%) | 68.0% | 2024 |