GDP in Azerbaijan

Azerbaijan GDP | Economic News & Forecasts

Azerbaijan - GDP

The economy of Azerbaijan swung back to expansion at the beginning of the year, a welcome development following its steepest contraction in two decades in 2016. According to monthly GDP data released by the country’s statistical office, year-on-year GDP growth was 0.8% in January, fueled by healthy growth in the non-oil sector. Strong government spending and moderate growth in industrial and agricultural production led the way for the ailing hydrocarbon dependent country. Investment levels continued to fall but at a much slower pace than last year when investment was down almost 30% as a result of low oil prices.

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

ValueChangeDate
Exchange Rate1.74-0.01 %Mar 28

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