Azerbaijan: economy and key statistics
Azerbaijan is number 87 in the 311 Nations Index, with a GDP of $75.9 billion in 2025. GDP per person is $7,411. The economy grew by 1.4% in 2025. Unemployment is 5.5%. The economy is 45% services, 40% industry, 6% agriculture. In 311 Institute directories: 20 R&D labs, 2 investors.
Part of the 311 Nations Index (311institute.com). Last updated .
National power
Azerbaijan is number 63 in the 311 National Power Index, scoring 39.7 out of 100: economic 58, technology 19, military 33 and human capital 56.
Economy at a glance
| Indicator | Latest figure | Year |
|---|---|---|
| GDP | $75.9 billion | 2025 |
| GDP (purchasing power) | $267.6 billion | 2025 |
| GDP per person | $7,411 | 2025 |
| Economic growth | +1.4% | 2025 |
| Inflation | 5.6% | 2025 |
| Unemployment | 5.5% | 2025 |
| Population | 10.2 million | 2025 |
| Labour force | 5.1 million | 2025 |
| Services share of GDP | 45% | 2025 |
| Industry share of GDP | 40% | 2025 |
| Manufacturing share of GDP | 6% | 2025 |
| Agriculture share of GDP | 6% | 2025 |
| Exports share of GDP | 43% | 2025 |
| Foreign direct investment | 0.5% of GDP | 2025 |
| High-tech share of manufactured exports | 3% | 2024 |
| R&D spending | 0.21% of GDP | 2024 |
| Internet users | 91% of people | 2025 |
Investors in Azerbaijan
Main export industries
Azerbaijan exported goods worth about $26.6bn in 2024. Its biggest export industries:
- Mineral fuels, mineral oils and products of their distillation: $23.4bn (88.0% of goods exports)
- Fruit and nuts, edible: $0.5bn (1.9% of goods exports)
- Plastics and articles thereof: $0.4bn (1.4% of goods exports)
- Natural, cultured pearls: $0.2bn (0.8% of goods exports)
- Cotton: $0.2bn (0.8% of goods exports)
Source: UN Comtrade, goods only (services exports are not included).
Other economies in Europe
- Germany (#3)
- United Kingdom (#5)
- France (#7)
- Russia (#8)
- Italy (#9)
- Spain (#12)
- Türkiye (#16)
- Netherlands (#18)
- Switzerland (#20)
- Poland (#21)
- Belgium (#22)
- Ireland (#23)
- Sweden (#25)
- Austria (#28)
- Norway (#31)
Questions and answers
How big is the economy of Azerbaijan?
Azerbaijan had a GDP of $75.9 billion in 2025, ranking number 87 in the 311 Nations Index.
What is GDP per person in Azerbaijan?
GDP per person in Azerbaijan was $7,411 in 2025.
How fast is the economy of Azerbaijan growing?
The economy of Azerbaijan grew by 1.4% in 2025.
Source: World Bank, World Development Indicators (CC BY 4.0).
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