WESTERN ASIA

Azerbaijan

Baku · pop. 10M · Azerbaijani · Azerbaijani manat · landlocked

Trajectories

economic complexity

#95

Roughly steady in the rankings since 1995.

2024 · −0.42

Harvard Growth Lab · thin line is the world’s median

the numbers30

when	value	change
1995	−0.41
1996	0.32	+0.73 pts
1997	0.30	−0.01 pts
1998high	0.44	+0.14 pts
1999	0.14	−0.31 pts
2000	−0.11	−0.25 pts
2001	−0.27	−0.16 pts
2002	−0.33	−0.07 pts
2003	−0.24	+0.09 pts
2004	−0.33	−0.08 pts
2005	−0.44	−0.11 pts
2006	−0.43	+0.01 pts
2007	−0.60	−0.17 pts
2008	−0.83	−0.22 pts
2009	−1.06	−0.23 pts
2010	−0.99	+0.07 pts
2011	−0.93	+0.06 pts
2012	−0.99	−0.05 pts
2013	−1.00	−0.01 pts
2014low	−1.10	−0.10 pts
2015	−0.82	+0.28 pts
2016	−0.91	−0.09 pts
2017	−0.96	−0.05 pts
2018	−0.83	+0.13 pts
2019	−0.80	+0.03 pts
2020	−0.69	+0.11 pts
2021	−0.77	−0.08 pts
2022	−0.74	+0.03 pts
2023	−0.52	+0.22 pts
2024latest	−0.42	+0.11 pts

economic momentum

$7,284

Quadrupled since 2000. GDP per head in 2024, in current US dollars.

2024 · $7,284

World Bank · thin line is the world’s median

the numbers35

when	value	change
1990	$1,238
1991	$735	−40.6%
1992low	$60	−91.8%
1993	$210	+247.9%
1994	$157	−25.0%
1995	$315	+100.3%
1996	$409	+30.1%
1997	$506	+23.5%
1998	$562	+11.2%
1999	$574	+2.1%
2000	$655	+14.1%
2001	$704	+7.4%
2002	$763	+8.4%
2003	$884	+15.8%
2004	$1,045	+18.3%
2005	$1,578	+51.0%
2006	$2,473	+56.7%
2007	$3,851	+55.7%
2008	$5,574	+44.7%
2009	$4,950	−11.2%
2010	$5,844	+18.0%
2011	$7,190	+23.0%
2012	$7,496	+4.3%
2013	$7,875	+5.1%
2014high	$7,891	+0.2%
2015	$5,501	−30.3%
2016	$3,881	−29.4%
2017	$4,147	+6.9%
2018	$4,740	+14.3%
2019	$4,806	+1.4%
2020	$4,230	−12.0%
2021	$5,408	+27.9%
2022	$7,771	+43.7%
2023	$7,133	−8.2%
2024latest	$7,284	+2.1%

prices

2.2%

A year’s rise in consumer prices, in 2024. The world’s median was 3.1%.

2024 · 2.2%

World Bank · thin line is the world’s median

the numbers33

when	value	change
1992low	−10.6%
1993	1,128%	+1139 pts
1994high	1,662%	+534 pts
1995	412%	−1250 pts
1996	19.8%	−392 pts
1997	3.7%	−16.1 pts
1998	−0.8%	−4.45 pts
1999	−8.5%	−7.75 pts
2000	1.8%	+10.3 pts
2001	1.5%	−0.26 pts
2002	2.8%	+1.22 pts
2003	2.2%	−0.54 pts
2004	6.7%	+4.48 pts
2005	9.7%	+2.97 pts
2006	8.3%	−1.35 pts
2007	16.7%	+8.37 pts
2008	20.8%	+4.15 pts
2009	1.5%	−19.4 pts
2010	5.7%	+4.27 pts
2011	7.9%	+2.13 pts
2012	1.1%	−6.79 pts
2013	2.4%	+1.35 pts
2014	1.4%	−1.04 pts
2015	4.0%	+2.65 pts
2016	12.4%	+8.42 pts
2017	12.9%	+0.49 pts
2018	2.3%	−10.7 pts
2019	2.6%	+0.34 pts
2020	2.8%	+0.15 pts
2021	6.7%	+3.89 pts
2022	13.9%	+7.20 pts
2023	8.8%	−5.07 pts
2024latest	2.2%	−6.57 pts

demographic curve

1.4 children per woman

Far below replacement: rapid ageing ahead. Fell from 3.5 in 1980.

2024 · 1.4

World Bank · thin line is the world’s median · rule marks replacement (2.1)

the numbers65

when	value	change
1960	5.9
1961	5.9	+1.0%
1962high	6.0	+0.4%
1963	5.9	−0.3%
1964	5.9	−1.0%
1965	5.8	−1.6%
1966	5.7	−2.2%
1967	5.4	−5.1%
1968	5.2	−2.9%
1969	5.1	−3.0%
1970	4.9	−3.0%
1971	4.8	−2.9%
1972	4.6	−3.2%
1973	4.5	−3.6%
1974	4.3	−2.7%
1975	4.2	−3.6%
1976	4.0	−3.8%
1977	3.9	−3.7%
1978	3.7	−3.6%
1979	3.6	−3.4%
1980	3.5	−3.0%
1981	3.4	−2.5%
1982	3.3	−2.0%
1983	3.3	−1.5%
1984	3.3	−1.0%
1985	2.9	−10.7%
1986	2.9	−0.3%
1987	2.9	+0.1%
1988	2.8	−3.5%
1989	2.8	0.0%
1990	2.7	−2.1%
1991	2.9	+4.7%
1992	2.7	−4.5%
1993	2.7	−1.5%
1994	2.5	−6.7%
1995	2.3	−9.1%
1996	2.1	−10.0%
1997	2.1	+0.5%
1998	2.0	−3.4%
1999	2.1	+3.5%
2000	2.0	−3.4%
2001	1.8	−10.0%
2002	1.8	0.0%
2003	1.9	+5.6%
2004	2.1	+8.1%
2005	2.0	−2.6%
2006	2.0	−1.5%
2007	2.0	0.0%
2008	1.9	−3.6%
2009	1.8	−4.2%
2010	1.9	+5.5%
2011	2.0	+2.1%
2012	2.0	+2.0%
2013	2.0	−1.0%
2014	2.0	−0.5%
2015	1.9	−1.5%
2016	1.9	−2.1%
2017	1.8	−7.9%
2018	1.7	−1.1%
2019	1.8	+4.6%
2020	1.7	−6.1%
2021	1.5	−10.6%
2022	1.7	+9.9%
2023	1.6	−7.2%
2024latest	1.4	−7.7%

Metrics

population

10M

91 of 176

REST Countries · UN data
gdp

$72B

83 of 170

World Bank · latest available
gdp per capita

$7,133

81 of 170

World Bank · latest available
military spending

$4B

47 of 151

SIPRI via World Bank
military % of gdp

4.9%

10 of 148

SIPRI via World Bank
area

87K km²

115 of 176

REST Countries
population density

115 /km²

53 of 176

zuhd — derived from population and area
life expectancy

74.4 yr

82 of 175

World Bank · latest available
internet access

89%

47 of 166

ITU via World Bank
co₂ per capita

3.8 t

64 of 163

World Bank · Climate Watch
urbanisation

59%

97 of 168

World Bank · UN DESA
fertility rate

1.4

128 of 168

World Bank · UN DESA
foreign-born share

2.1%

107 of 167

World Bank · UN DESA
remittances % of gdp

1.8%

83 of 155

World Bank · IMF BOP
r&d % of gdp

0.2%

86 of 123

UNESCO UIS via World Bank
researchers per million

1,663

45 of 118

UNESCO UIS via World Bank
scientific articles / yr

1.2K

80 of 168

NSF / World Bank
high-tech exports %

3%

98 of 153

World Bank · UN Comtrade
youth unemployment

13%

83 of 166

ILO via World Bank
adult literacy

100%

2 of 109

UNESCO UIS via World Bank
democracy (v-dem)

0.05

147 of 163

V-Dem via Our World in Data
clean government

22

139 of 164

Transparency International via Our World in Data
press freedom

58.8

151 of 163

RSF via Our World in Data
human development

0.789

67 of 164

UNDP via Our World in Data
refugees hosted

6.4K

100 of 150

UNHCR via Our World in Data
refugees produced

153K

19 of 152

UNHCR via Our World in Data