The Gross Domestic Product (GDP) in Azerbaijan expanded 2.20 percent in 2019.

GDP Annual Growth Rate in Azerbaijan averaged 8.54 percent from 2001 until 2019, reaching an all time high of 40.40 percent in the first quarter of 2006 and a record low of -3.90 percent in the third quarter of 2016. This page provides - Azerbaijan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Azerbaijan GDP Annual Growth Rate - values, historical data and charts - was last updated on July of 2020.

GDP Annual Growth Rate in Azerbaijan is expected to be -4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Azerbaijan to stand at 2.80 in 12 months time. In the long-term, the Azerbaijan GDP Annual Growth Rate is projected to trend around 2.80 percent in 2021 and 2.60 percent in 2022, according to our econometric models.

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Azerbaijan GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.50 40.40 -3.90 2001 - 2019 percent Quarterly


Azerbaijan GDP Annual Growth Rate
Azerbaijan economy is based on oil and gas extraction which account for 95 percent of exports and 75 percent of government revenues. .