GDP in Azerbaijan

Azerbaijan GDP | Economic News & Forecasts

Azerbaijan - GDP

Growth picked up at the year’s outset, with oil production accelerating markedly over the same period of last year in January–February. Recently-released data revealed that the economy exported 50% more oil in January–February compared to the same period of 2018. Among non-oil activities, the information and communication services sector expanded at the fastest pace, while agricultural and industrial output also grew robustly over this period. The retail sector’s upturn, however, was more moderate. Adding to the slew of positive data, public finances also strengthened in January, as increased revenues from custom duties, VAT, and a road tax boosted the government’s coffers, swinging the budget to surplus.

Azerbaijan - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)5.8  2.8  1.1  -3.8  0.1  

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Azerbaijan GDP Chart

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

Azerbaijan Facts

Exchange Rate1.70-0.66 %Apr 22
Stock Market0.10.0 %Apr 22

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