GDP Growth Rate
Year -
1.12%
In 2023, Azerbaijan experienced a significant a decrease in its GDP growth rate, which fall to 1.12% from 4.71% in 2022. Additionally, the GDP per capita growth rate in Azerbaijan decrease to 1.42% in 2023, compared to 4.67% in 2022.
In 2023, Azerbaijan experienced a decrease in economic performance, with the GDP growth rate falling by 3.59%. Additionally, the GDP per capita growth rate decrease by 3.25%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 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 | - | - | - | - |
| 1991 | -0.7 | - | -2.01 | - |
| 1992 | -22.6% | -21.90% | -23.76% | -21.75% |
| 1993 | -23.1% | -0.50% | -24.26% | -0.50% |
| 1994 | -19.7% | 3.40% | -20.78% | 3.48% |
| 1995 | -11.8% | 7.90% | -12.81% | 7.97% |
| 1996 | 1.3% | 13.10% | 0.28% | 13.09% |
| 1997 | 5.8% | 4.50% | 4.78% | 4.50% |
| 1998 | 10% | 4.20% | 8.96% | 4.18% |
| 1999 | 7.4% | -2.60% | 6.46% | -2.50% |
| 2000 | 11.1% | 3.70% | 10.19% | 3.73% |
| 2001 | 9.9% | -1.20% | 9.05% | -1.14% |
| 2002 | 9.44% | -0.46% | 8.63% | -0.42% |
| 2003 | 10.21% | 0.77% | 9.38% | 0.75% |
| 2004 | 9.25% | -0.96% | 8.3% | -1.08% |
| 2005 | 27.96% | 18.71% | 26.66% | 18.36% |
| 2006 | 34.5% | 6.54% | 33.03% | 6.37% |
| 2007 | 25% | -9.50% | 23.59% | -9.44% |
| 2008 | 10.76% | -14.24% | 8.46% | -15.13% |
| 2009 | 9.3% | -1.46% | 7.05% | -1.41% |
| 2010 | 5.05% | -4.25% | 3.81% | -3.24% |
| 2011 | 0.1% | -4.95% | -1.2% | -5.01% |
| 2012 | 2.17% | 2.07% | 0.82% | 2.02% |
| 2013 | 5.81% | 3.64% | 4.45% | 3.63% |
| 2014 | 2.75% | -3.06% | 1.48% | -2.97% |
| 2015 | 1.09% | -1.66% | -0.1% | -1.58% |
| 2016 | -3.1% | -4.19% | -4.18% | -4.08% |
| 2017 | 0.2% | 3.30% | -0.78% | 3.40% |
| 2018 | 1.5% | 1.30% | 0.62% | 1.40% |
| 2019 | 2.5% | 1.00% | 1.64% | 1.02% |
| 2020 | -4.3% | -6.80% | -4.95% | -6.59% |
| 2021 | 5.62% | 9.92% | 5.15% | 10.10% |
| 2022 | 4.71% | -0.91% | 4.67% | -0.48% |
| 2023 | 1.12% | -3.59% | 1.42% | -3.25% |