GDP in Azerbaijan

Azerbaijan GDP | Economic News & Forecasts

Azerbaijan - GDP

Azerbaijan’s economy has begun to show signs of revival. In August, despite a steeper headline GDP contraction of 1.1% annually, the economy’s non-oil sector registered a 2.4% expansion according to the Statistical Institute’s monthly GDP estimate. The improvement was powered by a strong performance in the non-oil industrial sector, as well as the first expansion in fixed investment in almost two years. Despite the multi-year economic slump caused by the global downturn in oil prices, households continued to spend at a healthy pace, with retail sales growth remaining positive. The improvement in the non-oil sector was further supported by strong overseas demand for Azerbaijani goods, while imports continued to contract, albeit at a slower pace.

Azerbaijan - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)2.2  5.8  2.8  1.1  -3.8  

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Azerbaijan GDP Chart

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

Azerbaijan Facts

Exchange Rate1.71-0.01 %Oct 16
Stock Market0.10.0 %Oct 16

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