In 2023, Azerbaijan witnessed a decrease in its Nominal GDP, falling to 72.36 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 239.52 international billion dollars as per the World Bank's estimates.
Relatedly, in the preceding year of 2022, Azerbaijan has Nominal GDP stood at 78.81 billion dollars, while the GDP based on PPP was 228.53 international billion dollars.
The net change in Azerbaijan's GDP (Nominal) in 2023 decreased by -6.45 billion dollars(-8.91%), and GDP (PPP) increased by 10.99 international billion dollars(4.59%).
Source: worldbank Nominal PPP| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | - | - | - | - | - | - |
| 1978 | - | - | - | - | - | - |
| 1979 | - | - | - | - | - | - |
| 1980 | - | - | - | - | - | - |
| 1981 | - | - | - | - | - | - |
| 1982 | - | - | - | - | - | - |
| 1983 | - | - | - | - | - | - |
| 1984 | - | - | - | - | - | - |
| 1985 | - | - | - | - | - | - |
| 1986 | - | - | - | - | - | - |
| 1987 | - | - | - | - | - | - |
| 1988 | - | - | - | - | - | - |
| 1989 | - | - | - | - | - | - |
| 1990 | 8.88 | - | - | 37.70 | - | - |
| 1991 | 5.34 | -3.54 | -66.29 % | 38.70 | 1.00 | 2.58 % |
| 1992 | 0.44 | -4.90 | -1,113.64 % | 30.64 | -8.06 | -26.31 % |
| 1993 | 1.57 | 1.13 | 71.97 % | 24.12 | -6.52 | -27.03 % |
| 1994 | 1.19 | -0.38 | -31.93 % | 19.78 | -4.34 | -21.94 % |
| 1995 | 2.42 | 1.23 | 50.83 % | 17.81 | -1.97 | -11.06 % |
| 1996 | 3.18 | 0.76 | 23.90 % | 18.37 | 0.56 | 3.05 % |
| 1997 | 3.96 | 0.78 | 19.70 % | 19.77 | 1.40 | 7.08 % |
| 1998 | 4.45 | 0.49 | 11.01 % | 22.00 | 2.23 | 10.14 % |
| 1999 | 4.58 | 0.13 | 2.84 % | 23.96 | 1.96 | 8.18 % |
| 2000 | 5.27 | 0.69 | 13.09 % | 27.22 | 3.26 | 11.98 % |
| 2001 | 5.71 | 0.44 | 7.71 % | 30.59 | 3.37 | 11.02 % |
| 2002 | 6.24 | 0.53 | 8.49 % | 34.00 | 3.41 | 10.03 % |
| 2003 | 7.28 | 1.04 | 14.29 % | 38.21 | 4.21 | 11.02 % |
| 2004 | 8.68 | 1.40 | 16.13 % | 42.87 | 4.66 | 10.87 % |
| 2005 | 13.25 | 4.57 | 34.49 % | 56.57 | 13.70 | 24.22 % |
| 2006 | 20.98 | 7.73 | 36.84 % | 78.43 | 21.86 | 27.87 % |
| 2007 | 33.05 | 12.07 | 36.52 % | 100.70 | 22.27 | 22.12 % |
| 2008 | 48.85 | 15.80 | 32.34 % | 113.68 | 12.98 | 11.42 % |
| 2009 | 44.29 | -4.56 | -10.30 % | 125.02 | 11.34 | 9.07 % |
| 2010 | 52.91 | 8.62 | 16.29 % | 132.93 | 7.91 | 5.95 % |
| 2011 | 65.95 | 13.04 | 19.77 % | 135.80 | 2.87 | 2.11 % |
| 2012 | 69.68 | 3.73 | 5.35 % | 148.68 | 12.88 | 8.66 % |
| 2013 | 74.16 | 4.48 | 6.04 % | 162.61 | 13.93 | 8.57 % |
| 2014 | 75.24 | 1.08 | 1.44 % | 167.47 | 4.86 | 2.90 % |
| 2015 | 53.08 | -22.16 | -41.75 % | 145.47 | -22.00 | -15.12 % |
| 2016 | 37.87 | -15.21 | -40.16 % | 141.84 | -3.63 | -2.56 % |
| 2017 | 40.87 | 3.00 | 7.34 % | 141.07 | -0.77 | -0.55 % |
| 2018 | 47.11 | 6.24 | 13.25 % | 151.91 | 10.84 | 7.14 % |
| 2019 | 48.17 | 1.06 | 2.20 % | 167.16 | 15.25 | 9.12 % |
| 2020 | 42.69 | -5.48 | -12.84 % | 153.05 | -14.11 | -9.22 % |
| 2021 | 54.83 | 12.14 | 22.14 % | 203.88 | 50.83 | 24.93 % |
| 2022 | 78.81 | 23.98 | 30.43 % | 228.53 | 24.65 | 10.79 % |
| 2023 | 72.36 | -6.45 | -8.91 % | 239.52 | 10.99 | 4.59 % |