GDP in Azerbaijan

Azerbaijan GDP (USD bn) | Economic News & Forecasts

Azerbaijan - GDP (billions of U.S. Dollars)

Activity growth strengthened somewhat in the third quarter, after slowing in the second quarter. The acceleration was led by a marked upturn in non-oil and gas activity, which more than offset softness in the energy sector in Q3. Household spending likely spearheaded the overall expansion, reflected by sturdier retail sales growth in the quarter amid a stronger increase in wages in July–August. Furthermore, capital investment fell less sharply in Q3 compared to Q2, likely supported by the Central Bank’s policy rate cuts. On a less positive note, external sector metrics remained lackluster in Q3: After falling in Q2, merchandise exports dipped again in Q3 on lower shipments of oil and gas. Turning to the fourth quarter, economic activity cooled in October amid a sustained downturn in the oil and gas sector, boding poorly for growth at the quarter’s outset.

Azerbaijan - GDP (USD bn) Data

2013  2014  2015  2016  2017  
GDP (USD bn)73.6  75.1  53.0  37.9  40.8  

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Azerbaijan Facts

Exchange Rate1.70-0.66 %Nov 21
Stock Market0.10.0 %Nov 15

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