GDP in Azerbaijan

Azerbaijan GDP | Economic News & Forecasts

Azerbaijan - GDP

The economy was mired in deep recession last year mainly as a result of low global oil prices, according to monthly GDP data released by the country’s statistical office. Data for December point to a steep contraction of 3.8% in 2016. Plunging investment levels, particularly in construction, and stagnating industrial production coupled with tightening public spending were the main culprits behind the economy’s halting performance. The manat’s volatility and a shortage of dollars due to low oil revenues exacerbated the situation in the second half of the year.

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 Rate1.74-1.97 %Feb 16

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