Azerbaijan Nominal GDP

Key information about Azerbaijan Nominal GDP

• Azerbaijan Nominal GDP reached 21.0 USD bn in Dec 2022, compared with 20.5 USD bn in the previous quarter.
• Nominal GDP in Azerbaijan is updated quarterly, available from Mar 2001 to Dec 2022, with an average number of 11.4 USD bn.
• The data reached an all-time high of 21.0 USD bn in Dec 2022 and a record low of 1.2 USD bn in Mar 2001.

CEIC converts quarterly Nominal GDP into USD. The State Statistical Committee of the Republic of Azerbaijan provides Nominal GDP in local currency. The Central Bank of the Republic of Azerbaijan average market exchange rate is used for currency conversions.


Related information about Azerbaijan Nominal GDP

• In the latest reports, Azerbaijan GDP expanded 3.1 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 21.7 % in Dec 2022.
• Azerbaijan GDP Per Capita reached 7,818.9 USD in Dec 2022.
• Its Gross Savings Rate was measured at 44.0 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 14.2 % in Dec 2022.
• Public Consumption accounted for 11.5 % in Dec 2022.
• Private Consumption accounted for 44.4 % in Dec 2022.

View Azerbaijan's Nominal GDP from Mar 2001 to Dec 2022 in the chart:

What was Azerbaijan's Nominal GDP in Dec 2022?

Azerbaijan Nominal GDP reached 21.0 USD bn in Dec 2022, compared with 20.5 USD bn in the previous quarter. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
20,960.0 Dec 2022	20,473.1 Sep 2022	1,185.2 Mar 2001	20,960.0 Dec 2022	USD mn	quarterly	Mar 2001 - Dec 2022

Nominal GDP by Country Comparison

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Azerbaijan Key Series

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