GDP in Azerbaijan

Azerbaijan GDP | Economic News & Forecasts

Azerbaijan - GDP

The economy has yet to recover from last year’s recession after GDP contracted 0.9% in Q1, but early signs point to a slow turn-around. In the first four months of the year, the economy remained in contractionary territory. Encouragingly, however, the non-oil sector continued to grow, supported by retail trade and an expansionary fiscal policy. On the external side, exports are booming thanks to stronger oil prices. But it remains to be seen if the country can take full advantage of the oil price recovery given that it has cut oil production by much more than agreed by OPEC members. Making matters potentially more difficult for the economy on its slow path to recovery, the country’s largest bank collapsed in May after it defaulted on bond payments to foreign investors.

Azerbaijan - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)0.1  2.2  5.8  2.8  1.1  

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Azerbaijan GDP Chart

Azerbaijan GDP
Note: Annual variation of gross domestic product (GDP) in %.

Azerbaijan Facts

Exchange Rate1.720.09 %Jun 16
Stock Market1.40.0 %Jun 12

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