Azerbaijan Labour Productivity Growth

2009 - 2023 | Quarterly | % | CEIC Data

Key information about Azerbaijan Labour Productivity Growth

  • Azerbaijan Labour Productivity dropped by 1.17 % YoY in Mar 2023, compared with a growth of 1.59 % in the previous quarter
  • Azerbaijan Labour Productivity Growth data is updated quarterly, available from Mar 2009 to Mar 2023, averaging at 0.75 %
  • The data reached an all-time high of 15.04 % in Dec 2009 and a record low of -5.81 % in Sep 2020

CEIC calculates Labour Productivity Growth from quarterly Real GDP and quarterly Employment. The State Statistical Committee of the Republic of Azerbaijan provides Real GDP in local currency, at 2005 prices and Employment. Employment excludes Foreign Nationals working within the country

View Azerbaijan's Labour Productivity Growth from Mar 2009 to Mar 2023 in the chart:

Azerbaijan Labour Productivity Growth

What was Azerbaijan's Labour Productivity Growth in Mar 2023?

Azerbaijan Labour Productivity dropped by 1.17 % YoY in Mar 2023, compared with a growth of 1.59 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
-1.17 Mar 2023 1.59 Dec 2022 -5.81 Sep 2020 15.04 Dec 2009 % quarterly Mar 2009 - Mar 2023

Labour Productivity Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) -1.57 Mar 2023 quarterly Mar 2010 - Mar 2023
Algeria (%) -0.20 2022 yearly 1992 - 2022
Argentina (%) -3.50 2022 yearly 1992 - 2022
Armenia (%) 6.23 Mar 2023 quarterly Mar 2009 - Mar 2023
Australia (%) -0.90 Jun 2023 quarterly Jun 1979 - Jun 2023
Austria (%) -2.00 Jun 2023 quarterly Mar 2005 - Jun 2023
Azerbaijan (%) -1.17 Mar 2023 quarterly Mar 2009 - Mar 2023
Bahrain (%) -4.00 Dec 2022 quarterly Mar 2009 - Dec 2022
Bangladesh (%) 3.92 2022 yearly 1992 - 2022
Belarus (%) -4.94 Dec 2022 quarterly Mar 2006 - Dec 2022
Belgium (%) 0.41 Jun 2023 quarterly Mar 2000 - Jun 2023
Bolivia (%) -0.76 2022 yearly 2000 - 2022
Bosnia and Herzegovina (%) 2.91 2022 yearly 2007 - 2022
Botswana (%) 2.41 Dec 2021 quarterly Sep 2008 - Dec 2021
Brazil (%) -4.18 2022 yearly 1992 - 2022
Brunei (%) -0.76 2022 yearly 1992 - 2022
Bulgaria (%) 1.72 Jun 2023 quarterly Mar 2001 - Jun 2023
Cambodia (%) 1.17 2021 yearly 2008 - 2021
Canada (%) -0.97 Jun 2023 quarterly Mar 1977 - Jun 2023
Chile (%) -3.10 Jun 2023 quarterly Mar 1987 - Jun 2023
China (%) 4.82 2022 yearly 1953 - 2022
Colombia (%) -2.89 Jun 2023 quarterly Mar 2002 - Jun 2023
Croatia (%) 9.85 Mar 2023 quarterly Mar 2008 - Mar 2023
Cyprus (%) -0.05 Mar 2023 quarterly Jun 2005 - Mar 2023
Czech Republic (%) -1.25 Mar 2023 quarterly Mar 1997 - Mar 2023
Denmark (%) -0.11 Jun 2023 quarterly Mar 1991 - Jun 2023
Ecuador (%) 0.87 2022 yearly 1992 - 2022
Egypt (%) 1.34 Dec 2022 quarterly Mar 2004 - Dec 2022
Estonia (%) -7.86 Mar 2023 quarterly Mar 1996 - Mar 2023
European Union (%) -0.31 Mar 2023 quarterly Mar 2006 - Mar 2023
Finland (%) -1.40 Jun 2023 quarterly Mar 1991 - Jun 2023
France (%) -0.19 2022 yearly 1979 - 2022
Georgia (%) 4.42 2022 yearly 1997 - 2022
Germany (%) -1.35 Jun 2023 quarterly Mar 1992 - Jun 2023
Ghana (%) 0.41 2022 yearly 1992 - 2022
Greece (%) 1.63 Jun 2023 quarterly Mar 1996 - Jun 2023
Hong Kong SAR, China (%) 1.51 Mar 2023 quarterly Dec 1982 - Mar 2023
Hungary (%) -1.40 Mar 2023 quarterly Mar 1999 - Mar 2023
Iceland (%) -0.87 Jun 2023 quarterly Mar 2004 - Jun 2023
India (%) 2.53 2022 yearly 1992 - 2022
Indonesia (%) 2.00 2022 yearly 2001 - 2022
Iran (%) 0.24 2022 yearly 1992 - 2022
Ireland (%) -3.99 Jun 2023 quarterly Mar 1999 - Jun 2023
Israel (%) -0.67 Jun 2023 quarterly Mar 2013 - Jun 2023
Italy (%) -0.86 Jun 2023 quarterly Mar 1997 - Jun 2023
Ivory Coast (%) 2.28 2022 yearly 1992 - 2022
Japan (%) 1.28 Jun 2023 quarterly Mar 1995 - Jun 2023
Jordan (%) -2.32 2020 yearly 2001 - 2020
Kazakhstan (%) 3.74 Dec 2022 quarterly Mar 2002 - Dec 2022
Kenya (%) -2.44 2021 yearly 2011 - 2021
South Korea (%) -0.33 Jun 2023 quarterly Sep 1983 - Jun 2023
Kosovo (%) 0.99 Dec 2022 quarterly Mar 2017 - Dec 2022
Kuwait (%) 1.29 2018 yearly 1993 - 2018
Kyrgyzstan (%) 4.55 2022 yearly 1993 - 2022
Laos (%) 0.54 2021 yearly 1992 - 2021
Latvia (%) -0.79 Jun 2023 quarterly Mar 2003 - Jun 2023
Lebanon (%) -9.35 2021 yearly 1992 - 2021
Lithuania (%) 0.63 Jun 2023 quarterly Mar 1996 - Jun 2023
Luxembourg (%) -4.14 Jun 2023 quarterly Mar 1996 - Jun 2023
Macau SAR, China (%) 119.18 Jun 2023 quarterly Mar 2002 - Jun 2023
North Macedonia (%) 3.37 Mar 2023 quarterly Mar 2005 - Mar 2023
Malawi (%) -2.62 2022 yearly 1992 - 2022
Malaysia (%) 0.02 Jun 2023 quarterly Mar 2001 - Jun 2023
Malta (%) -1.02 Jun 2023 quarterly Dec 2001 - Jun 2023
Mauritius (%) 3.28 Dec 2022 quarterly Mar 2005 - Dec 2022
Mexico (%) 1.64 Jun 2023 quarterly Jun 1996 - Jun 2023
Moldova (%) -12.20 Dec 2022 quarterly Mar 2001 - Dec 2022
Mongolia (%) 5.86 Jun 2023 quarterly Sep 2007 - Jun 2023
Montenegro (%) -6.91 Dec 2022 quarterly Mar 2011 - Dec 2022
Morocco (%) 5.72 2021 yearly 2000 - 2021
Mozambique (%) 0.59 2022 yearly 1992 - 2022
Myanmar (%) 63.00 2021 yearly 1992 - 2021
Nepal (%) 0.19 2021 yearly 1992 - 2021
Netherlands (%) -1.86 Jun 2023 quarterly Mar 1996 - Jun 2023
New Zealand (%) -1.17 Mar 2023 quarterly Jun 1988 - Mar 2023
Nigeria (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Norway (%) -0.91 Jun 2023 quarterly Mar 1996 - Jun 2023
Oman (%) -10.26 2022 yearly 1999 - 2022
Pakistan (%) -1.23 2019 yearly 2001 - 2019
Palestinian Territory (%) -0.30 Mar 2023 quarterly Dec 2009 - Mar 2023
Panama (%) 4.70 2022 yearly 1992 - 2022
Paraguay (%) 1.37 Dec 2022 quarterly Mar 2018 - Dec 2022
Peru (%) -1.00 2022 yearly 2002 - 2022
Philippines (%) 2.27 2022 yearly 1992 - 2022
Poland (%) -1.76 Jun 2023 quarterly Dec 1999 - Jun 2023
Portugal (%) 0.25 Jun 2023 quarterly Mar 1996 - Jun 2023
Qatar (%) -0.98 2019 yearly 2012 - 2019
Romania (%) 3.65 Mar 2023 quarterly Mar 1996 - Mar 2023
Russia (%) -3.61 Mar 2023 quarterly Mar 1996 - Mar 2023
Saudi Arabia (%) -3.88 2022 yearly 1971 - 2022
Serbia (%) 4.38 Jun 2023 quarterly Mar 2015 - Jun 2023
Singapore (%) -4.90 Jun 2023 quarterly Mar 1986 - Jun 2023
Slovakia (%) 1.29 Jun 2023 quarterly Mar 1996 - Jun 2023
Slovenia (%) 0.24 Jun 2023 quarterly Mar 1996 - Jun 2023
South Africa (%) -3.26 Jun 2023 quarterly Mar 2009 - Jun 2023
Spain (%) 2.02 Mar 2023 quarterly Mar 1996 - Mar 2023
Sri Lanka (%) -9.48 Mar 2023 quarterly Jun 2013 - Mar 2023
Sudan (%) 3.26 2010 yearly 1996 - 2010
Sweden (%) -3.06 Jun 2023 quarterly Mar 1994 - Jun 2023
Switzerland (%) -2.90 Jun 2023 quarterly Mar 2011 - Jun 2023

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Azerbaijan Key Series

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Includes 233 key indicators for Azerbaijan, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Consolidated Fiscal Balance (USD mn) -128.529 Aug 2023 monthly Dec 2004 - Aug 2023
Tax Revenue (USD mn) 12,268.647 2022 yearly 1993 - 2022
Tax Revenue: % of GDP (%) 15.6 2022 yearly 1993 - 2022
National Government Debt (USD mn) 9,223.0 2021 yearly 2008 - 2021
Government Debt: % of GDP (%) 16.8 2021 yearly 2008 - 2021
Forecast: Government Expenditure (AZN bn) 50.242 2028 yearly 1994 - 2028
Forecast: Government Net Debt (AZN bn) 53.504 2028 yearly 1995 - 2028
Forecast: Government Revenue (AZN bn) 43.559 2028 yearly 1994 - 2028
Government Revenue: Taxes (AZN mn) 10,587.300 2018 yearly 1991 - 2018
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -0.362 2028 yearly 1993 - 2028
Trade Balance (USD mn) 1,450.5 Jul 2023 monthly Jan 2000 - Jul 2023
Total Exports (USD mn) 2,808.7 Jul 2023 monthly Jan 2000 - Jul 2023
Total Exports Growth (%) 26.2 Apr 2023 monthly Jan 2001 - Apr 2023
Aluminum: Exports (USD th) 221,033.945 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 1,299.522 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 1,675.436 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,358.2 Jul 2023 monthly Jan 2000 - Jul 2023
Total Imports Growth (%) 19.5 Jul 2023 monthly Jan 2001 - Jul 2023
Imports: Medicament (USD th) 512,036.676 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 143,251.679 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 0.918 May 2023 monthly Jan 1996 - May 2023
Total Imports from USA (USD mn) 35.240 May 2023 monthly Apr 1993 - May 2023
Total Exports to China (USD mn) 6.937 May 2023 monthly Nov 2010 - May 2023
Total Imports from China (USD mn) 230.864 May 2023 monthly Mar 1997 - May 2023
Exports: SITC: Other Chemical Products (USD th) 246,222.600 2020 yearly 1996 - 2020
Exports: SITC: Food and Live Animals (USD th) 704,299.200 2020 yearly 1996 - 2020
Exports: SITC: Manufactured Goods by Material (USD th) 283,991.900 2020 yearly 1996 - 2020
Exports: SITC: Animal and Vegetable Oils, Fats and Waxes (USD th) 20,511.000 2020 yearly 1996 - 2020
Exports: SITC: Mineral Fuels, Lubricants and Related Materials (USD th) 11,981,306.100 2020 yearly 1996 - 2020
Exports: FOB: Non CIS States: Indonesia (USD th) 87,318.600 2021 yearly 1998 - 2021
Exports: FOB: Non CIS States: France (USD th) 64,595.200 2021 yearly 1992 - 2021
Exports: FOB: Non CIS States: Israel (USD th) 898,097.000 2021 yearly 1992 - 2021
Exports: FOB: Non CIS States: United States of America (USD th) 75,147.300 2021 yearly 1992 - 2021
Exports: FOB: Non CIS States: Italy (USD th) 9,243,521.400 2021 yearly 1992 - 2021
Imports: SITC: Other Chemical Products (USD th) 1,347,698.200 2020 yearly 1996 - 2020
Imports: SITC: Manufactured Goods by Material (USD th) 2,002,770.200 2020 yearly 1996 - 2020
Imports: SITC: Food and Live Animals (USD th) 1,553,770.200 2020 yearly 1996 - 2020
Imports: SITC: Other Manufactured Articles (USD th) 959,671.100 2020 yearly 1996 - 2020
Imports: SITC: Crude Materials, Inedible, except Fuels (USD th) 271,885.600 2020 yearly 1996 - 2020
Imports: CIF: Non CIS States: Turkey (USD th) 1,843,709.300 2021 yearly 1992 - 2021
Imports: CIF: CIS States: Russian Federation (USD th) 2,074,311.800 2021 yearly 1992 - 2021
Imports: CIF: Non CIS States: Germany (USD th) 634,395.800 2021 yearly 1992 - 2021
Imports: CIF: Non CIS States: China (USD th) 1,639,492.600 2021 yearly 1992 - 2021
Imports: CIF: CIS States: Ukraine (USD th) 470,024.200 2021 yearly 1992 - 2021
Exports Index: FOB (Same Qtr PY=100) 104.425 Mar 2023 quarterly Mar 1998 - Mar 2023
Imports Index: FOB (Same Qtr PY=100) 140.560 Mar 2023 quarterly Mar 1998 - Mar 2023
Energy Exports: Natural Gas (Cub m mn) 22,634.900 2022 yearly 2007 - 2022
Energy Exports: Crude Oil (Tonne th) 26,648.900 2022 yearly 2007 - 2022
Energy Imports: Crude Oil (Tonne th) 673.400 2022 yearly 2009 - 2022
Energy Imports: Natural Gas (Cub m mn) 2,109.900 2017 yearly 2016 - 2017
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 58.6 Mar 2023 quarterly Mar 2000 - Mar 2023
Current Account Balance (USD mn) 5,767.5 Dec 2022 quarterly Mar 2013 - Dec 2022
Current Account Balance: % of GDP (%) 18.9 Mar 2023 quarterly Mar 2013 - Mar 2023
Foreign Direct Investment (USD mn) -944.2 Mar 2023 quarterly Mar 2013 - Mar 2023
Foreign Direct Investment: % of GDP (%) -5.3 Mar 2023 quarterly Mar 2013 - Mar 2023
Foreign Portfolio Investment (USD mn) -590.244 Mar 2023 quarterly Mar 2013 - Mar 2023
Foreign Portfolio Investment: % of GDP (%) -3.3 Mar 2023 quarterly Mar 2013 - Mar 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 4.1 Dec 2022 quarterly Mar 2003 - Dec 2022
Foreign Portfolio Investment: Debt Securities (USD mn) -590.247 Mar 2023 quarterly Mar 2003 - Mar 2023
External Debt (USD mn) 8,135.7 Dec 2021 quarterly Dec 2001 - Dec 2021
External Debt: % of GDP (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
External Debt: Short Term (USD mn) 0.0 2021 yearly 1993 - 2021
External Debt: Short Term: % of GDP (%) 0.0 2021 yearly 1993 - 2021
Forecast: Current Account Balance (USD bn) 7.469 2028 yearly 1992 - 2028
BoP: ytd: Financial Account: Net Liabilities: Direct Investment (DI) (USD mn) -606.589 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: ytd: Capital Account (USD mn) 3.388 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: ytd: Current Account: Transfers: Credit (USD mn) 2,882.198 Sep 2022 quarterly Mar 2013 - Sep 2022
BoP: ytd: Current Account: Income (USD mn) -4,304.873 Sep 2022 quarterly Mar 2013 - Sep 2022
BoP: ytd: Capital Account: Credit (USD mn) 3.428 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: ytd: Reserve Assets: Flow (USD mn) 3,453.773 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: ytd: Balancing Item (USD mn) -510.963 Sep 2022 quarterly Mar 2013 - Sep 2022
BoP: ytd: Current Account: Transfers: Debit (USD mn) 611.523 Sep 2022 quarterly Mar 2013 - Sep 2022
BoP: ytd: Financial Account: Net Liabilities: Portfolio Investment (USD mn) -590.244 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: ytd: Financial Account: Net Liabilities (USD mn) -3,848.747 Sep 2022 quarterly Mar 2013 - Sep 2022
BoP: ytd: Financial Account: Net Assets: Portfolio Investment (USD mn) 569.294 Sep 2022 quarterly Mar 2015 - Sep 2022
BoP: ytd: Financial Account: Net Assets (USD mn) 5,746.542 Sep 2022 quarterly Mar 2013 - Sep 2022
BoP: ytd: Capital Account: Debit (USD mn) 1.284 Sep 2022 quarterly Mar 2013 - Sep 2022
BoP: ytd: Current Account: Income: Debit (USD mn) 5,380.541 Sep 2022 quarterly Mar 2013 - Sep 2022
BoP: ytd: Current Account: Income: Credit (USD mn) 406.099 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: ytd: Financial Account: Net Liabilities: Other Investment (OI) (USD mn) -405.548 Sep 2022 quarterly Mar 2013 - Sep 2022
BoP: ytd: Financial Account: Net Assets: Other Investment (OI) (USD mn) -724.239 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: ytd: Financial Account: Net Assets: Direct Investment (DI) (USD mn) 172.210 Dec 2022 quarterly Mar 2015 - Dec 2022
BoP: ytd: Current Account: Transfers (USD mn) 298.248 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: ytd: Financial Account: Net Liabilities: Financial Derivatives (USD mn) -4.291 Sep 2018 quarterly Sep 2018 - Sep 2018
Foreign Investment: Oil Industry (USD mn) 4,004.900 2021 yearly 1995 - 2021
Foreign Investment: Direct (USD mn) 4,795.300 2021 yearly 2003 - 2021
AZ: BOP: Current Account: Personal Remittances: Paid (USD mn) 811.938 2022 yearly 1995 - 2022
AZ: BOP: Current Account: Personal Remittances: Received (USD mn) 3,950.029 2022 yearly 1995 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.9 Mar 2015 quarterly Dec 2009 - Mar 2015
Household Debt: % of GDP (%) 8.8 Mar 2023 quarterly Mar 2005 - Mar 2023
Money Supply M1 (USD mn) 15,779.344 Jul 2023 monthly Dec 1995 - Jul 2023
Money Supply M2 (USD mn) 18,654.762 Jul 2023 monthly Dec 1995 - Jul 2023
M2 Growth (%) 19.7 May 2023 monthly Dec 1996 - May 2023
Reserve Requirement Ratio (%) 5.0 Jul 2023 monthly May 1993 - Jul 2023
Foreign Exchange Reserves (USD mn) 8,910.8 Jul 2023 monthly Dec 1992 - Jul 2023
Foreign Exchange Reserves: % of GDP (%) 12.125 Mar 2023 quarterly Dec 2001 - Mar 2023
Foreign Exchange Reserves: Months of Import (NA) 6.6 Jul 2023 monthly Mar 1994 - Jul 2023
Gold Reserves (USD mn) 0.000 Jul 2023 monthly Dec 1992 - Jul 2023
Total Deposits (USD mn) 15,493.605 Jul 2023 monthly Jan 2005 - Jul 2023
Total Deposits Growth (%) 0.9 Jul 2023 monthly Jan 2006 - Jul 2023
Domestic Credit (USD mn) 20,572.3 Jul 2023 monthly Dec 2001 - Jul 2023
Domestic Credit Growth (%) 24.8 Jul 2023 monthly Dec 2002 - Jul 2023
Household Debt (USD mn) 7,490.6 Jul 2023 monthly Jan 2005 - Jul 2023
Total Loans (USD mn) 12,965.839 Jul 2023 monthly Dec 2004 - Jul 2023
Total Loans Growth (%) 16.10 Jul 2023 monthly Dec 2005 - Jul 2023
Private Debt: % of Nominal GDP (%) 17.83 Mar 2023 quarterly Dec 2001 - Mar 2023
Monetary Aggregates: M1 (AZN mn) 26,824.884 Jul 2023 monthly Dec 2002 - Jul 2023
Monetary Aggregates: M1: Cash Outside Banks (AZN mn) 14,725.275 Jul 2023 monthly Dec 2002 - Jul 2023
Monetary Aggregates: M3 (AZN mn) 41,070.580 Jul 2023 monthly Dec 2002 - Jul 2023
Monetary Aggregates: M2 (AZN mn) 31,713.096 Jul 2023 monthly Dec 2002 - Jul 2023
Official Foreign Reserves (USD mn) 9,244.000 Jul 2023 monthly Dec 2006 - Jul 2023
Deposits: Outstanding Amounts (AZN mn) 34,023.467 Jul 2023 monthly Dec 2004 - Jul 2023
Loans: Outstanding Amounts (AZN mn) 22,041.927 Jul 2023 monthly Dec 2004 - Jul 2023
Loans: Outstanding Amounts: Households (AZN mn) 12,734.079 Jul 2023 monthly Jan 2005 - Jul 2023

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