Indicators of economy in Azerbaijan

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Azerbaijan, on the other hand, reached USD 5,388 per capita, or 54.62 billion USD for the whole country. Azerbaijan is therefore currently ranked 87 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Azerbaijan ranks 88th in the list of the richest countries.

Inflation in Azerbaijan in 2021 was around 6.65%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 70.2 percent lower.
The index for perceived corruption in the public sector is 30, which is rather poor by global standards.


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