Azerbaijan
Capital: BakuRegion: Europe & Central AsiaIncome: Upper middle income
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. Explore Azerbaijan's full economic profile with 440+ indicators, interactive charts, and historical data below.
Source: IMF World Economic Outlook
Economy
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 |
| Real Interest Rate (%) | 16.3% | 2024 |
| Lending Interest Rate (%) | 14.7% | 2024 |
| Deposit Interest Rate (%) | 8.6% | 2024 |
| Government Revenue (% of GDP) | 39.8% | 2023 |
| Government Expenditure (% of GDP) | 23.0% | 2022 |
| Tax Revenue (% of GDP) | 17.8% | 2023 |
| Taxes on Goods & Services (% of revenue) | 19.9% | 2023 |
| Taxes on International Trade (% of revenue) | 3.6% | 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) | 1.7 | 2024 |
| PPP Conversion Factor | 0.49 | 2024 |
| Broad Money (% of GDP) | 36.8% | 2024 |
Trade
| Indicator | Value | Year |
|---|---|---|
| Trade (% of GDP) | 82.7% | 2024 |
| Exports of Goods & Services (% of GDP) | 45.9% | 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 |
| Net ODA Received (USD) | $123.2M | 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 |
| Firms Offering Training (%) | 34.0% | 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 |
| Old-Age Dependency Ratio (%) | 12.3% | 2024 |
| Youth Dependency Ratio (%) | 31.3% | 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 |
| Self-Employed (%) | 65.7% | 2022 |
| 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 |
| Employment to Population Ratio (%) | 59.8% | 2025 |
| Self-Employed (% of total) | 67.0% | 2025 |
| NEET Youth (% not in education/employment) | 9.6% | 2010 |
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 |
| Female Literacy Rate (%) | 99.7% | 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 |
| Pupil-Teacher Ratio (Primary) | 99.3 | 2023 |
| Education Spending, Tertiary (% of govt) | 16.4% | 2017 |
Health
Energy & Environment
| Indicator | Value | Year |
|---|---|---|
| CO₂ Emissions (tonnes per capita) | 3.8 | 2024 |
| CO₂ Emissions (total kilotonnes) | 39 | 2024 |
| 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 Electricity (%) | 100.0% | 2023 |
| 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 |
| Arable Land (%) | 25.3% | 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 | 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 |
| Total Fisheries Production (metric tonnes) | 63,038 | 2023 |
| Fertilizer Consumption (kg per hectare) | 43.8 | 2023 |
| Prevalence of Undernourishment (%) | 2.5% | 2023 |
| Agricultural Irrigated Land (%) | 30.6% | 2023 |
| Annual Freshwater Withdrawals (% of internal) | 160.5% | 2022 |
| Cereal Production (metric tons) | 3.2M | 2023 |
Technology
| Indicator | Value | Year |
|---|---|---|
| Internet Users (%) | 89.0% | 2023 |
| Mobile Subscriptions (per 100 people) | 108 | 2023 |
| Fixed Broadband Subscriptions (per 100) | 20.9 | 2023 |
| Secure Internet Servers (per million) | 541 | 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 |
| ICT Service Exports (USD) | $111.3M | 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, Primary | 94.85 | 2018 |
| Gender Parity Index, Secondary | 0.98 | 2021 |
| Gender Parity in Primary Education | 1.01 | 2021 |
Governance
| Indicator | Value | Year |
|---|---|---|
| Control of Corruption | -1.2 | 2023 |
| Government Effectiveness | -0.03 | 2023 |
| Political Stability | -0.73 | 2023 |
| Regulatory Quality | -0.11 | 2023 |
| Rule of Law | -0.57 | 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 |
| Military Expenditure (USD) | $3.78B | 2024 |
| Armed Forces Personnel | 82,000 | 2020 |
| Armed Forces (% of labor force) | 1.6% | 2020 |
| Military Spending (% of govt expenditure) | 15.2% | 2024 |
| 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 |
|---|---|---|
| Urban Population Growth (%) | 0.6% | 2024 |
| Population in Largest City | 2.5M | 2025 |
| Population in Largest City (% of urban) | 41.5% | 2025 |
| Population in Agglomerations >1M (% of total) | 24.3% | 2025 |
| Rural Population Growth (%) | 0.3% | 2024 |
| Access to Safely Managed Drinking Water (%) | 57.8% | 2024 |
| Access to Safely Managed Sanitation (%) | 68.0% | 2024 |
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