Azerbaijan
AZEEurope & Central AsiaUpper middle incomeCapital: Baku▶About Azerbaijan
Azerbaijan's GDP is $80.02B (2026), with a population of 10.2M, and GDP per capita of $7,624. Key indicators include real GDP growth of 2.5%, inflation at 4.5%, unemployment at 5.3%, government debt at 23.5% of GDP, life expectancy of 74.4 years. Data sourced from the IMF World Economic Outlook and World Bank World Development Indicators.
Located in the Europe & Central Asia region, this upper middle-income country has a GDP of $80.02 billion in 2026, ranking 85th globally. The economy is projected to grow by 2.5% in real terms, with a GDP per capita of $8,000. The country's economic landscape is characterized by significant trade openness, with trade accounting for 82.7% of GDP in 2024. Foreign direct investment inflows are relatively modest, at 0.3% of GDP. The inflation rate is projected to be 4.5% in 2026, with an unemployment rate of 5.3%. The gross national income per capita was $7,000 in 2024. The population is estimated to be 10.2 million in 2024. Life expectancy at birth is 74.4 years, and the fertility rate is 1.6 births per woman. The adult literacy rate is exceptionally high at 99.8%, reflecting strong educational attainment. Health spending constitutes 4.3% of GDP, indicating investments in public health. The unemployment rate is projected to be 5.5% in 2025, showing a slight increase from previous years.
▶Economy30 indicators · 2021–2027 · IMF / WB
▶Fiscal & Monetary21 indicators · 2022–2027 · IMF / WB
▶Trade15 indicators · 2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Trade (% of GDP) | 82.7% | 2024 | ▼ 1.0% | WB |
| Exports of Goods & Services (% of GDP) | 45.9% | 2024 | ▼ 6.3% | WB |
| Imports of Goods & Services (% of GDP) | 36.8% | 2024 | ▲ 6.5% | WB |
| Exports of Goods & Services (USD) | $34.11B | 2024 | ▼ 3.9% | WB |
| Imports of Goods & Services (USD) | $27.34B | 2024 | ▲ 9.3% | WB |
| Merchandise Exports (USD) | $26.55B | 2024 | ▼ 21.7% | WB |
| Merchandise Imports (USD) | $21.06B | 2024 | ▲ 21.8% | WB |
| FDI Inflows (% of GDP) | 0.3% | 2024 | ▼ 10.9% | WB |
| FDI Outflows (% of GDP) | 1.0% | 2024 | ▼ 61.4% | WB |
| FDI Net Inflows (USD) | $231.3M | 2024 | ▼ 8.5% | WB |
| Personal Remittances Received (USD) | $1.35B | 2024 | ▼ 29.3% | WB |
| Personal Remittances Received (% of GDP) | 1.8% | 2024 | ▼ 31.1% | WB |
| High-Tech Exports (% of manufactured) | 2.9% | 2024 | ▼ 30.2% | WB |
| Current Account Balance (% of GDP) | 6.3% | 2024 | ▼ 45.3% | WB |
| Current Account Balance (USD) | $4.67B | 2024 | ▼ 43.9% | WB |
▶External Debt7 indicators · 2023–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| External Debt (% of GNI) | 17.0% | 2024 | ▼ 21.2% | WB |
| External Debt Stocks (USD) | $12.20B | 2024 | ▼ 18.6% | WB |
| Total Debt Service (% of GNI) | 5.8% | 2024 | ▲ 84.1% | WB |
| Present Value of External Debt (USD) | $8.43B | 2024 | — | WB |
| Use of IMF Credit (USD) | $689.9M | 2024 | ▼ 2.8% | WB |
| Net ODA Received (% of GNI) | 0.2% | 2023 | ▲ 169.2% | WB |
| Net ODA Received (USD) | $123.2M | 2023 | ▲ 154.1% | WB |
▶Finance12 indicators · 2023–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Domestic Credit by Financial Sector (% of GDP) | 21.0% | 2024 | ▲ 2.8% | WB |
| Domestic Credit to Private Sector (% of GDP) | 26.4% | 2024 | ▲ 14.1% | WB |
| Stock Market Capitalization (% of GDP) | 2.2% | 2024 | ▲ 1.0% | WB |
| Stock Market Capitalization (USD) | $1.64B | 2024 | ▲ 3.7% | WB |
| Stock Market Turnover (% of GDP) | 0.0% | 2024 | ▲ 152.5% | WB |
| Listed Domestic Companies | 36 | 2024 | ▲ 56.5% | WB |
| Bank Capital to Assets Ratio (%) | 8.2% | 2023 | ▲ 1.3% | WB |
| Bank Nonperforming Loans (%) | 1.9% | 2023 | ▼ 24.8% | WB |
| Account Ownership at Financial Institution (%) | 56.3% | 2024 | ▲ 21.7% | WB |
| Account Ownership, Female (%) | 46.2% | 2024 | ▲ 18.9% | WB |
| Account Ownership, Male (%) | 67.0% | 2024 | ▲ 22.7% | WB |
| Firms Using Banks to Finance Investment (%) | 31.6% | 2024 | — | WB |
▶Business Environment1 indicator · 2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Time to Get Electricity (days) | 14 | 2024 | — | WB |
▶Private Sector6 indicators · 2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Firms Expected to Pay Bribes (%) | 6.0% | 2024 | — | WB |
| Firms with Female Top Manager (%) | 9.6% | 2024 | — | WB |
| Firms with Female Participation in Ownership (%) | 7.3% | 2024 | — | WB |
| Firms Offering Training (%) | 34.0% | 2024 | — | WB |
| Average Firm Age (years) | 12 years | 2024 | — | WB |
| Firms Using Computers (%) | 16.0% | 2024 | — | WB |
▶People23 indicators · 2023–2025 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Population | 10.2M | 2024 | ▲ 0.5% | WB |
| Population Growth (%) | 0.5% | 2024 | ▲ 299.3% | WB |
| Population Density (per km²) | 123 | 2023 | ▲ 0.1% | WB |
| Surface Area (sq km) | 86,600 | 2023 | ▲ 0.0% | WB |
| Land Area (sq km) | 82,650 | 2023 | ▲ 0.0% | WB |
| Urban Population (%) | 58.6% | 2024 | ▲ 0.1% | WB |
| Urban Population (total) | 6.0M | 2024 | ▲ 0.6% | WB |
| Rural Population (%) | 41.4% | 2024 | ▼ 0.2% | WB |
| Life Expectancy at Birth | 74.4 years | 2023 | ▲ 0.4% | WB |
| Life Expectancy, Male | 71.6 years | 2023 | ▲ 0.1% | WB |
| Life Expectancy, Female | 77.1 years | 2023 | ▲ 0.6% | WB |
| Fertility Rate (births per woman) | 1.6 | 2023 | ▼ 7.2% | WB |
| Birth Rate (per 1,000) | 11.1 | 2023 | ▼ 8.3% | WB |
| Death Rate (per 1,000) | 5.9 | 2023 | ▼ 1.7% | WB |
| Net Migration | 8,731 | 2025 | ▼ 19.6% | WB |
| Population Ages 0–14 (%) | 21.8% | 2024 | ▼ 2.4% | WB |
| Population Ages 15–64 (%) | 69.6% | 2024 | ▼ 0.0% | WB |
| Population Ages 65+ (%) | 8.6% | 2024 | ▲ 6.8% | WB |
| Age Dependency Ratio (%) | 43.6% | 2024 | ▲ 0.1% | WB |
| Old-Age Dependency Ratio (%) | 12.3% | 2024 | ▲ 6.8% | WB |
| Youth Dependency Ratio (%) | 31.3% | 2024 | ▼ 2.4% | WB |
| Mortality Rate, Adult Male (per 1,000) | 145.1 | 2023 | ▼ 13.6% | WB |
| Mortality Rate, Adult Female (per 1,000) | 69.2 | 2023 | ▼ 13.7% | WB |
▶Labor20 indicators · 2010–2025 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Total Labor Force | 5.1M | 2025 | ▲ 0.4% | WB |
| Labor Force Participation (%) | 63.3% | 2025 | ▼ 1.0% | WB |
| Female Labor Force Participation (%) | 60.8% | 2025 | ▼ 1.0% | WB |
| Male Labor Force Participation (%) | 66.0% | 2025 | ▼ 1.0% | WB |
| Unemployment (%) | 5.5% | 2025 | ▼ 3.4% | WB |
| Female Unemployment (%) | 6.3% | 2025 | ▼ 3.8% | WB |
| Male Unemployment (%) | 4.7% | 2025 | ▼ 2.8% | WB |
| Youth Unemployment (%) | 13.1% | 2025 | ▼ 3.3% | WB |
| Employment in Agriculture (%) | 34.2% | 2025 | ▼ 1.3% | WB |
| Employment in Industry (%) | 15.5% | 2025 | ▲ 0.7% | WB |
| Employment in Services (%) | 50.2% | 2025 | ▲ 0.7% | WB |
| Self-Employed (%) | 65.7% | 2022 | ▼ 2.1% | WB |
| Vulnerable Employment (%) | 53.8% | 2025 | ▼ 0.4% | WB |
| Wage & Salaried Workers (% of total) | 33.0% | 2025 | ▲ 0.6% | WB |
| Part-Time Employment (%) | 19.3% | 2022 | ▼ 0.7% | WB |
| Employers (% of total employment) | 13.1% | 2025 | ▼ 0.0% | WB |
| Labor Force, Female (% of total) | 49.9% | 2025 | ▼ 0.1% | WB |
| Employment to Population Ratio (%) | 59.8% | 2025 | ▼ 0.8% | WB |
| Self-Employed (% of total) | 67.0% | 2025 | ▼ 0.3% | WB |
| NEET Youth (% not in education/employment) | 9.6% | 2010 | — | WB |
▶Education19 indicators · 2017–2025 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Education Spending (% of GDP) | 3.7% | 2023 | ▲ 20.3% | WB |
| Education Spending (% of govt expenditure) | 11.9% | 2025 | ▲ 4.1% | WB |
| Adult Literacy Rate (%) | 99.8% | 2023 | — | WB |
| Female Literacy Rate (%) | 99.7% | 2023 | — | WB |
| Male Literacy Rate (%) | 99.8% | 2023 | — | WB |
| Youth Literacy Rate (%) | 99.9% | 2023 | — | WB |
| Primary School Enrollment (%) | 105.6% | 2024 | ▲ 3.6% | WB |
| Secondary School Enrollment (%) | 91.1% | 2024 | ▼ 1.7% | WB |
| Tertiary School Enrollment (%) | 41.3% | 2024 | ▼ 0.1% | WB |
| Primary Completion Rate (%) | 97.2% | 2024 | ▲ 1.0% | WB |
| Lower Secondary Completion Rate (%) | 80.3% | 2024 | ▼ 8.3% | WB |
| Out-of-School Children, Primary | 152 | 2024 | ▼ 98.4% | WB |
| Out-of-School Girls, Primary | 81 | 2024 | ▼ 98.6% | WB |
| Primary School Teachers | 38,731 | 2024 | ▼ 2.0% | WB |
| Secondary School Teachers | 116,398 | 2024 | ▲ 0.1% | WB |
| Pupil-Teacher Ratio, Primary | 15 | 2018 | — | WB |
| Pupil-Teacher Ratio, Secondary | 8 | 2018 | — | WB |
| Pupil-Teacher Ratio (Primary) | 99.3 | 2023 | ▲ 0.3% | WB |
| Education Spending, Tertiary (% of govt) | 16.4% | 2017 | — | WB |
▶Health42 indicators · 2019–2024 · WHO
▶Energy & Environment16 indicators · 2020–2024 · WB / WHO
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| CO₂ Emissions (tonnes per capita) | 3.8 | 2024 | ▼ 7.3% | WB |
| CO₂ Emissions (total kilotonnes) | 39 | 2024 | ▼ 6.8% | WB |
| Energy Use (kg oil eq. per capita) | 1,732 | 2023 | ▲ 1.1% | WB |
| Electric Power Consumption (kWh per capita) | 2,367 | 2023 | ▲ 0.0% | WB |
| Renewable Electricity Output (%) | 5.8% | 2021 | ▲ 6.0% | WB |
| Renewable Energy Consumption (%) | 1.3% | 2021 | ▲ 0.0% | WB |
| Access to Electricity (%) | 100.0% | 2023 | ▲ 0.0% | WB |
| Access to Clean Fuels for Cooking (%) | 98.9% | 2023 | ▲ 0.1% | WB |
| PM2.5 Air Pollution (µg/m³) | 21.7 | 2020 | — | WB |
| Forest Area (%) | 14.1% | 2023 | ▲ 1.0% | WB |
| Forest Area (sq km) | 11,664 | 2023 | ▲ 1.0% | WB |
| Arable Land (%) | 25.3% | 2023 | ▼ 0.0% | WB |
| Terrestrial Protected Areas (%) | 12.0% | 2024 | ▲ 118.2% | WB |
| Marine Protected Areas (%) | 1.0% | 2024 | ▲ 150.0% | WB |
| Access to Basic Drinking Water (%) | 97.7% | 2024 | ▲ 0.9% | WHO |
| Access to Basic Sanitation (%) | 99.0% | 2024 | ▲ 1.1% | WHO |
▶Agriculture12 indicators · 2022–2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Agricultural Land (%) | 57.8% | 2023 | ▼ 0.0% | WB |
| Cereal Yield (kg per hectare) | 3,368 | 2023 | ▲ 6.5% | WB |
| Food Production Index (2014–2016=100) | 129 | 2022 | ▲ 1.6% | WB |
| Crop Production Index (2014–2016=100) | 144.9 | 2022 | ▲ 1.6% | WB |
| Livestock Production Index (2014–2016=100) | 121.3 | 2022 | ▲ 2.4% | WB |
| Land Under Cereal Production (hectares) | 936,377 | 2023 | ▼ 3.1% | WB |
| Total Fisheries Production (metric tonnes) | 63,038 | 2023 | ▲ 11.4% | WB |
| Fertilizer Consumption (kg per hectare) | 43.8 | 2023 | ▲ 77.4% | WB |
| Prevalence of Undernourishment (%) | 2.5% | 2023 | ▲ 0.0% | WB |
| Agricultural Irrigated Land (%) | 30.6% | 2023 | ▼ 0.3% | WB |
| Annual Freshwater Withdrawals (% of internal) | 160.5% | 2022 | ▲ 0.5% | WB |
| Cereal Production (metric tons) | 3.2M | 2023 | ▲ 3.2% | WB |
▶Technology13 indicators · 2021–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Internet Users (%) | 89.0% | 2023 | ▲ 1.1% | WB |
| Mobile Subscriptions (per 100 people) | 108 | 2023 | ▲ 0.2% | WB |
| Fixed Broadband Subscriptions (per 100) | 20.9 | 2023 | ▲ 2.5% | WB |
| Secure Internet Servers (per million) | 541 | 2024 | ▼ 1.6% | WB |
| R&D Spending (% of GDP) | 0.18% | 2023 | ▲ 20.1% | WB |
| Patent Applications, Residents | 119 | 2021 | ▲ 32.2% | WB |
| Patent Applications, Non-Residents | 16 | 2021 | — | WB |
| Scientific Journal Articles | 1,175 | 2022 | ▲ 15.8% | WB |
| High-Technology Exports (USD) | $37.1M | 2024 | ▼ 34.7% | WB |
| ICT Service Exports (% of service exports) | 1.4% | 2024 | ▼ 37.9% | WB |
| ICT Service Exports (USD) | $111.3M | 2024 | ▼ 19.8% | WB |
| Industrial Design Applications, Resident | 63 | 2021 | — | WB |
| Researchers in R&D (per million) | 1,663 | 2023 | ▼ 2.3% | WB |
▶Infrastructure8 indicators · 2014–2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Air Transport, Passengers Carried | 2.6M | 2023 | ▲ 18.9% | WB |
| Air Transport, Freight (million ton-km) | 1,434.5 | 2023 | ▼ 49.7% | WB |
| Rail Lines (total km) | 2,139 | 2021 | ▼ 4.5% | WB |
| Railways, Passengers (million km) | 104 | 2021 | — | WB |
| Railways, Goods (million ton-km) | 5,316 | 2021 | — | WB |
| Logistics Performance Index (1–5) | 2.45 | 2014 | — | WB |
| Electricity from Oil (%) | 0.4% | 2023 | ▲ 19.4% | WB |
| Electricity from Nuclear (%) | 0.0% | 2021 | — | WB |
▶Gender8 indicators · 2018–2025 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Women in Parliament (%) | 20.8% | 2024 | ▲ 11.6% | WB |
| Female Labor Force Participation, 15+ (%) | 61.9% | 2022 | ▼ 3.6% | WB |
| Female Wage & Salaried Workers (%) | 28.4% | 2025 | ▲ 0.6% | WB |
| Girls Out-of-School Rate (%) | 94.9% | 2018 | — | WB |
| Adolescent Fertility Rate (per 1,000) | 34.8 | 2023 | ▼ 1.5% | WB |
| Gender Parity Index, Primary | 94.85 | 2018 | — | WB |
| Gender Parity Index, Secondary | 0.98 | 2021 | — | WB |
| Gender Parity in Primary Education | 1.01 | 2021 | — | WB |
▶Governance10 indicators · 2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Control of Corruption | -1.2 | 2023 | ▼ 14.8% | WB |
| Government Effectiveness | -0.03 | 2023 | ▲ 20.8% | WB |
| Political Stability | -0.73 | 2023 | ▲ 20.8% | WB |
| Regulatory Quality | -0.11 | 2023 | ▼ 5.3% | WB |
| Rule of Law | -0.57 | 2023 | ▲ 9.4% | WB |
| Voice & Accountability | -1.41 | 2023 | ▲ 2.1% | WB |
| Control of Corruption (percentile rank) | 12.3% | 2023 | ▼ 27.8% | WB |
| Government Effectiveness (percentile rank) | 50.5% | 2023 | ▼ 0.9% | WB |
| Rule of Law (percentile rank) | 29.2% | 2023 | ▲ 6.9% | WB |
| Political Stability (percentile rank) | 18.0% | 2023 | ▲ 12.3% | WB |
▶Military6 indicators · 2020–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Military Spending (% of GDP) | 5.0% | 2024 | ▲ 1.4% | WB |
| Military Expenditure (USD) | $3.78B | 2024 | ▲ 6.0% | WB |
| Armed Forces Personnel | 82,000 | 2020 | — | WB |
| Armed Forces (% of labor force) | 1.6% | 2020 | — | WB |
| Military Spending (% of govt expenditure) | 15.2% | 2024 | ▲ 1.4% | WB |
| Intentional Homicides (per 100,000) | 2.2 | 2023 | ▲ 20.9% | WB |
▶Social Protection4 indicators · 2020 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Human Capital Index (0–1) | 0.58 | 2020 | — | WB |
| Human Capital Index, Female | 0.59 | 2020 | — | WB |
| Human Capital Index, Male | 0.57 | 2020 | — | WB |
| Learning-Adjusted Years of School | 8.3 years | 2020 | — | WB |
▶Tourism6 indicators · 2020 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| International Tourism, Arrivals | 796,000 | 2020 | — | WB |
| International Tourism, Departures | 1.2M | 2020 | — | WB |
| Tourism Receipts (USD) | $340.0M | 2020 | — | WB |
| Tourism Expenditures (USD) | $439.0M | 2020 | — | WB |
| Tourism Receipts (% of total exports) | 2.2% | 2020 | — | WB |
| International Tourism, Transport Services (USD) | $36.0M | 2020 | — | WB |
▶Urban Development7 indicators · 2024–2025 · WB / WHO
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Urban Population Growth (%) | 0.6% | 2024 | ▲ 148.6% | WB |
| Population in Largest City | 2.5M | 2025 | ▲ 1.3% | WB |
| Population in Largest City (% of urban) | 41.5% | 2025 | ▲ 0.6% | WB |
| Population in Agglomerations >1M (% of total) | 24.3% | 2025 | ▲ 0.7% | WB |
| Rural Population Growth (%) | 0.3% | 2024 | ▲ 788.4% | WB |
| Access to Safely Managed Drinking Water (%) | 57.8% | 2024 | ▲ 0.6% | WHO |
| Access to Safely Managed Sanitation (%) | 68.0% | 2024 | ▲ 1.7% | WHO |