Azerbaijan GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Azerbaijan expanded 2.40 percent in the second quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Azerbaijan averaged 8.71 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.

GDP Annual Growth Rate in Azerbaijan is expected to be 2.30 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 2.50 in 12 months time. In the long-term, the Azerbaijan GDP Annual Growth Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.

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Azerbaijan GDP	Last	Previous	Highest	Lowest	Unit
GDP Annual Growth Rate	2.40	3.00	40.40	-3.90	percent	[+]
GDP	46.94	40.87	75.24	3.05	USD Billion	[+]
GDP Constant Prices	50875.70	44473.10	79797.30	656.00	AZN Million	[+]
Gross Fixed Capital Formation	2638.80	4832.40	4980.50	173.00	AZN Million	[+]
GDP per capita	5769.00	5739.60	6072.60	1235.00	USD	[+]
GDP per capita PPP	16011.00	15929.40	16853.60	3427.60	USD	[+]
Gross National Product	67439.50	56794.00	67439.50	0.30	AZN Million	[+]
GDP From Agriculture	175.20	362.20	692.60	94.10	AZN Million	[+]
GDP From Construction	290.10	896.70	1345.30	49.70	AZN Million	[+]
GDP From Manufacturing	297.90	371.30	371.30	117.40	AZN Million	[+]
GDP From Mining	2479.90	3968.20	4803.20	563.30	AZN Million	[+]
GDP From Public Administration	99.50	220.40	220.40	64.80	AZN Million	[+]
GDP From Services	529.70	724.50	724.50	119.80	AZN Million	[+]
GDP From Transport	746.70	1010.00	1010.00	147.20	AZN Million	[+]
GDP From Utilities	31.90	41.70	41.70	15.40	AZN Million	[+]

Azerbaijan economy is based on oil and gas extraction which account for 95 percent of exports and 75 percent of government revenues. . This page provides - Azerbaijan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Azerbaijan GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.40	3.00	40.40	-3.90	2001 - 2019	percent	Quarterly

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Country	Last		Previous	Range
China	6.20	Jun/19	6.4	15.4 : 3.8	%
Indonesia	5.05	Jun/19	5.07	7.16 : 1.56	%
India	5.00	Jun/19	5.8	11.4 : -5.2	%
United States	2.30	Jun/19	2.7	13.4 : -3.9	%
Spain	2.10	Jun/19	2.1	5.4 : -4.3	%
Netherlands	2.00	Jun/19	1.7	6.1 : -4.6	%
South Korea	2.00	Jun/19	1.7	20.8 : -7.3	%
Saudi Arabia	1.70	Mar/19	3.6	24.2 : -20.7	%
Canada	1.60	Jun/19	1.4	9.3 : -4.1	%
Australia	1.40	Jun/19	1.7	9 : -3.4	%
France	1.40	Jun/19	1.3	12.6 : -3.8	%
Euro Area	1.20	Jun/19	1.3	5 : -5.5	%
United Kingdom	1.20	Jun/19	1.8	9.7 : -6.1	%
Brazil	1.00	Jun/19	0.5	10.1 : -5.5	%
Japan	1.00	Jun/19	1	9.4 : -8.8	%
Russia	0.90	Jun/19	0.5	12.1 : -11.2	%
South Africa	0.90	Jun/19	0	7.1 : -2.6	%
Argentina	0.60	Jun/19	-5.8	16.2 : -16.3	%
Germany	0.40	Jun/19	0.9	7.2 : -6.9	%
Switzerland	0.20	Jun/19	1	5.8 : -3.7	%
Singapore	0.10	Jun/19	1.1	18.6 : -7.7	%
Italy	-0.10	Jun/19	-0.1	10.3 : -7.2	%
Mexico	-0.80	Jun/19	1.2	9 : -9.1	%
Turkey	-1.50	Jun/19	-2.4	11.7 : -14.4	%