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Indicators of economy in Azerbaijan

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2019 was at about 11.429 US Dollar per capita. In contrast, the GDP in Azerbaijan reached 4.794 US dollars per inhabitant, or 48.05 bn US Dollar in the whole country. Azerbaijan is therefore currently ranked 90 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Azerbaijan is in the list of the world's richest countries in place 91.

Inflation in Azerbaijan was in 2019 at around 2.61%. For the the EU, the average of the same was year at 1.63%.

Compared to Germany, the prices for convenience goods are approximately 65.97% lower.
The Corruption Perceptions Index for the public sector counts 30 and is compared to other countries very bad.


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Unemployment rates in percent 1991 - 2020

Economic performance 2019

 Azerbaijan
Total
Azerbaijan
per capita
EU
Total
EU
per capita
GDP48.05 bn USD4,793.59 USD15,626.45 tn USD30,381.17 USD
Gross national product44.87 bn USD4,476.93 USD16,026.52 tn USD31,158.99 USD


Development of the Gross domestic product in billion US Dollar 1990 - 2019



Im- and Exports 2019

 Azerbaijan
Total
Azerbaijan
per capita
EU
Total
EU
per capita
Imports17.71 bn USD1,767.13 USD8,073.39 bn USD15,696.41 USD
Exports23.63 bn USD2,357.48 USD8,622.21 bn USD16,763.44 USD


Development of imports and exports in billion US dollars 1995 - 2019

Exports
Imports



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