What is the GDP of Azerbaijan?

Azerbaijan's GDP is approximately $74.3 billion USD. The GDP growth rate is 4.1%.

What is the population of Azerbaijan?

Azerbaijan has a population of approximately 10.2 million people. The population growth rate is 0.5%.

What is the inflation rate in Azerbaijan?

The inflation rate in Azerbaijan is 2.2%.

What is the unemployment rate in Azerbaijan?

The unemployment rate in Azerbaijan is 5.5%.

What is the GDP per capita of Azerbaijan?

Azerbaijan's GDP per capita is approximately $7,284 USD.

Is Azerbaijan a good country to invest in?

Azerbaijan has an investment score of 48/100, classified as "Caution" risk. Key sectors include Oil & Gas, Agriculture, Construction. Credit rating: NR.

How open is Azerbaijan's economy to trade?

Azerbaijan's trade openness (trade as % of GDP) is 83%. Exports total approximately $34.1B and imports $27.3B.

How much foreign investment does Azerbaijan attract?

Foreign direct investment (FDI) in Azerbaijan is 0.3% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Azerbaijan?

Azerbaijan's economy is composed of services (42% of GDP), industry (43% of GDP), and agriculture (6% of GDP).

Can I start a business in Azerbaijan as a foreigner?

Azerbaijan offers various options for foreign entrepreneurs. Visit our business setup guide for Azerbaijan for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Azerbaijan's economy growing?

Azerbaijan's GDP growth rate is 4.1%. This is above the global average, indicating strong economic momentum.

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Azerbaijan Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Europe & Central AsiaUpper MiddleCapital: BakuAZE

Caution

Growing

74.3B USD

GDP (Nominal)

Growing at 4.1%

$7,284

GDP Per Capita

Middle income level

10.2M

Population

+0.5% annual growth

Stable

2.2%

Inflation

Price stability

83%of GDP

Trade Openness

0.3%of GDP

FDI Inflows

Public Debt

High

5.5%

Unemployment

Surplus

+$6.8B

Trade Balance

GDP

Billion USD, nominal

$74.3B

2024+1.9B

GDP Growth

Annual %

4.1%

2024+2.7%

Inflation

Consumer prices, annual %

2.2%

2024-6.6%

Population

Millions

10.2M

2024+0.0M

Economic Structure

Services42%

Industry43%

Agriculture6%

Investment Score Breakdown

Economic Health (30%)50

Political Safety (25%)32

Business Climate (20%)48

Financial Strength (15%)52

Growth Potential (10%)58

Key Sectors

Oil & Gas

35.2% of GDP

declining

Agriculture

5.8% of GDP

stable

Construction

8.5% of GDP

stable

Tourism

3.2% of GDP

growing

Should I Invest in Azerbaijan?

CautionSetup: ModerateROI: Moderate

Azerbaijan scores 48/100 on the NationsData Investment Index, rated "Caution". Growth is subdued at 2.5%.

Investment Score48/100

GDP Growth2.5%

Inflation5.8%

FDI/GDP4.2%

Public Debt22.5%

Political Stability-0.7

Strengths

+Low public debt (22.5% of GDP) - fiscal headroom

Risks

-Moderate political risk - monitor regulatory changes closely
-Elevated inflation (5.8%) - factor into pricing strategy
-Corruption is a significant concern - budget for compliance and due diligence

Also Consider

Bosnia and Herzegovina

Same region, similar income level

North Macedonia

Same region, similar income level

Kosovo

Same region, similar income level, faster growth (3.8%)

Moldova

Same region, similar income level

Countries Similar to Azerbaijan

Based on investment profile, economic size, growth rate, and region

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Bosnia and Herzegovina