GDP in Azerbaijan

Azerbaijan GDP | Economic News & Forecasts

Azerbaijan - GDP

Economic activity in Azerbaijan slipped further in November and the country is likely to have contracted close to 3.0% in 2016. The oil price shock took a heavy toll on the oil-reliant nation and it spilled over to the non-oil sector last year. Fixed investment plunged, industrial production contracted and the fiscal deficit widened, forcing the government to trim public expenditure. However, the latest developments in crude prices give some cause for optimism. The rise of the price per barrel observed in the first days of 2017 was triggered by the beginnings of a production curb by OPEC and non-OPEC members.

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 Rate1.85-0.95 %Jan 20

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