ASIA & MIDDLE EAST · COUNTRY REFERENCE
Azerbaijan
Written and compiled by American Business Capital Group Inc.
Selected country or entityMap: Natural Earth ↗
ANNUAL ECONOMIC SNAPSHOT
Population & economic scale
The most recent non-empty observations returned by the World Bank when this snapshot was collected. Read the year on each card: these are annual statistics, not live measurements.
World Bank reporting entity: Azerbaijan · 3 of 3 indicators available.
Population
10,246,996
people
observation
Definition, value & source
Total population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship. The values shown are midyear estimates.
Received value: 10246996 people. The main card rounds for readability.
- Collected
- Oct 7, 2026
- Dataset update reported by API
- Jul 13, 2026; separate from the observation year
World Bank indicator ↗ · API record ↗
World Bank, World Development Indicators. CC BY 4.0. Underlying sources: World Population Prospects, United Nations (UN), uri: https://population.un.org/wpp/, publisher: UN Population Division; Statistical databases and publications from national statistical offices, National Statistical Offices (NSOs), uri: https://unstats.un.org/home/nso_sites/, publisher: National Statistical Offices; Eurostat: Demographic Statistics, Eurostat (ESTAT), uri: https://ec.europa.eu/eurostat/data/database?node_code=earn_ses_monthly, publisher: Eurostat; Population and Vital Statistics Report (various years), United Nations (UN), uri: https://unstats.un.org, publisher: UN Statistics Division
GDP
$75.94 billion
current US$
observation
Definition, value & source
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Received value: 75937647058.8235 current US$. The main card rounds for readability.
- Collected
- Oct 7, 2026
- Dataset update reported by API
- Jul 13, 2026; separate from the observation year
World Bank indicator ↗ · API record ↗
World Bank, World Development Indicators. CC BY 4.0. Underlying sources: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB)
GDP per capita
$7,411
current US$ per person
observation
Definition, value & source
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Received value: 7410.72281660142 current US$ per person. The main card rounds for readability.
- Collected
- Oct 7, 2026
- Dataset update reported by API
- Jul 13, 2026; separate from the observation year
World Bank indicator ↗ · API record ↗
World Bank, World Development Indicators. CC BY 4.0. Underlying sources: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB)
GDP and GDP per capita use current US dollars, without an inflation or purchasing-power-parity adjustment. Source years can differ. Missing data is not zero; earlier archive figures below are retained as a separate historical reference.
THE REFERENCE FILE
Azerbaijan at a glance
These are historical reference facts from the 2025 World Factbook archive. Each estimate keeps its own period; an archive edition does not make every figure a measurement from that year.
Population
total: 10,694,370 (2025 est.) male: 5,354,376 female: 5,339,994
Area
total : 86,600 sq km land: 82,629 sq km water: 3,971 sq km note: includes the exclave of Naxcivan Autonomous Republic and the Nagorno-Karabakh region; the final status of the region has yet to be determined
Real GDP (purchasing power parity)
$225.198 billion (2024 est.) $216.388 billion (2023 est.) $213.497 billion (2022 est.) note: data in 2021 dollars
GDP (official exchange rate)
$74.316 billion (2024 est.) note: data in current dollars at official exchange rate
Real GDP growth rate
4.1% (2024 est.) 1.4% (2023 est.) 4.7% (2022 est.) note: annual GDP % growth based on constant local currency
Real GDP per capita
$22,100 (2024 est.) $21,300 (2023 est.) $21,100 (2022 est.) note: data in 2021 dollars
Inflation rate (consumer prices)
2.2% (2024 est.) 8.8% (2023 est.) 13.9% (2022 est.) note: annual % change based on consumer prices
Unemployment rate
5.6% (2024 est.) 5.7% (2023 est.) 5.7% (2022 est.) note: % of labor force seeking employment
Labor force
5.02 million (2024 est.) note: number of people ages 15 or older who are employed or seeking work
Public debt
16.8% of GDP (2021 est.) note: central government debt as a % of GDP
Budget
revenues: $30.966 billion (2022 est.) expenditures: $22.95 billion (2022 est.) note: central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Current account balance
$4.671 billion (2024 est.) $8.329 billion (2023 est.) $23.478 billion (2022 est.) note: balance of payments - net trade and primary/secondary income in current dollars
Exports
$34.113 billion (2024 est.) $35.487 billion (2023 est.) $47.274 billion (2022 est.) note: balance of payments - exports of goods and services in current dollars
Imports
$27.339 billion (2024 est.) $25.016 billion (2023 est.) $21.274 billion (2022 est.) note: balance of payments - imports of goods and services in current dollars
Reserves of foreign exchange and gold
$12.699 billion (2024 est.) $13.749 billion (2023 est.) $11.338 billion (2022 est.) note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Debt - external
$12.378 billion (2023 est.) note: present value of external debt in current US dollars
Electricity access
electrification - total population: 100% (2022 est.)
Internet users
percent of population: 89% (2023 est.)
THE HISTORICAL REFERENCE LIBRARY
Explore the country in detail
Browse the economy, population, resources and infrastructure. These archived descriptions keep their original wording and dates; they have not been updated to describe current conditions.
31 of 31 sections
Location
Southwestern Asia, bordering the Caspian Sea, between Iran and Russia, with a small European portion north of the Caucasus range
archive edition 2025 · Archive source ↗
Capital
name: Baku (Baki, Baky) geographic coordinates: 40 23 N, 49 52 E time difference: UTC+4 (9 hours ahead of Washington, DC, during Standard Time) daylight saving time: does not observe daylight savings time etymology: the name may derive from the Old Persian word badkuba , meaning "windward" and referring to its windy location on the shore of the Caspian Sea note: at approximately 28 m below sea level, Baku's elevation makes it the lowest capital city in the world
archive edition 2025 · Archive source ↗
Economic overview
upper-middle income, oil-dependent Caucasus economy; minimal economic diversification and dominance of state-owned enterprises; growth and fiscal consolidation supported by oil revenues, but risks remain from demand shocks; potential economic gains from Nagorno-Karabakh ceasefire; education investments to diversify and retain human capital
archive edition 2025 · Archive source ↗
Natural resources
petroleum, natural gas, iron ore, nonferrous metals, bauxite
archive edition 2025 · Archive source ↗
Agricultural products
milk, wheat, barley, potatoes, tomatoes, watermelons, onions, apples, maize, cotton (2023) note: top ten agricultural products based on tonnage
2023 source periods; archive edition 2025 · Archive source ↗
Industries
petroleum and petroleum products, natural gas, oilfield equipment; steel, iron ore; cement; chemicals and petrochemicals; textiles
archive edition 2025 · Archive source ↗
Exports - partners
Italy 37%, Turkey 19%, Israel 5%, Greece 4%, Russia 4% (2023) note: top five export partners based on percentage share of exports
2023 source periods; archive edition 2025 · Archive source ↗
Exports - commodities
crude petroleum, natural gas, refined petroleum, plastics, electricity (2023) note: top five export commodities based on value in dollars
2023 source periods; archive edition 2025 · Archive source ↗
Imports - partners
Russia 17%, China 16%, Turkey 14%, Georgia 4%, Germany 4% (2023) note: top five import partners based on percentage share of imports
2023 source periods; archive edition 2025 · Archive source ↗
Imports - commodities
cars, crude petroleum, refined petroleum, broadcasting equipment, garments (2023) note: top five import commodities based on value in dollars
2023 source periods; archive edition 2025 · Archive source ↗
Climate
dry, semiarid steppe
archive edition 2025 · Archive source ↗
Terrain
large, flat Kur-Araz Ovaligi (Kura-Araks Lowland, much of it below sea level) with Great Caucasus Mountains to the north, Qarabag Yaylasi (Karabakh Upland) to the west; Baku lies on Abseron Yasaqligi (Apsheron Peninsula) that juts into Caspian Sea
archive edition 2025 · Archive source ↗
Land use
agricultural land: 57.8% (2023 est.) arable land: 25.3% (2023 est.) permanent crops: 3.3% (2023 est.) permanent pasture: 29.2% (2023 est.) forest: 14.4% (2023 est.) other: 27.7% (2023 est.)
2023 dates in source text; archive edition 2025 · Archive source ↗
Natural hazards
droughts
archive edition 2025 · Archive source ↗
Languages
Azerbaijani 96.1%, other 1.4%; less than 1%: Russian, Avar, Talyshi, Turkish, Tatar, Sakhur, Tat, Ukrainian, Georgian, Hebrew (2019 est.) major-language sample(s): D nya fakt kitabı, əsas məlumatlar n əvəz olunmaz mənbədir (Azerbaijani) The World Factbook, the indispensable source for basic information. note: Russian is widely spoken
2019 dates in source text; archive edition 2025 · Archive source ↗
Religions
Muslim 97.3% (predominantly Shia), Christian 2.6%, other 0.1, unaffiliated 0.1 (2020 est.) note: religious affiliation for the majority of Azerbaijanis is largely nominal, percentages for actual practicing adherents are probably much lower
2020 dates in source text; archive edition 2025 · Archive source ↗
Age structure
0-14 years: 22.3% (male 1,269,241/female 1,104,529) 15-64 years: 68.7% (male 3,659,441/female 3,656,493) 65 years and over: 9% (2024 est.) (male 401,551/female 558,984)
2024 dates in source text; archive edition 2025 · Archive source ↗
Urbanization
urban population: 57.6% of total population (2023) rate of urbanization: 1.38% annual rate of change (2020-25 est.) note: data include Nagorno-Karabakh
2023, 2020 dates in source text; archive edition 2025 · Archive source ↗
Life expectancy at birth
total population: 75.9 years (2024 est.) male: 73.5 years female: 78.6 years
2024 dates in source text; archive edition 2025 · Archive source ↗
Literacy
total population: 99.8% (2023 est.) male: 99.8% (2023 est.) female: 99.7% (2023 est.)
2023 dates in source text; archive edition 2025 · Archive source ↗
Electricity
installed generating capacity: 8.383 million kW (2023 est.) consumption: 23.857 billion kWh (2023 est.) exports: 3.246 billion kWh (2023 est.) imports: 212 million kWh (2023 est.) transmission/distribution losses: 2.197 billion kWh (2023 est.)
2023 dates in source text; archive edition 2025 · Archive source ↗
Electricity generation sources
fossil fuels: 93.5% of total installed capacity (2023 est.) solar: 0.2% of total installed capacity (2023 est.) wind: 0.3% of total installed capacity (2023 est.) hydroelectricity: 5.6% of total installed capacity (2023 est.) biomass and waste: 0.4% of total installed capacity (2023 est.)
2023 dates in source text; archive edition 2025 · Archive source ↗
Petroleum
total petroleum production: 618,000 bbl/day (2023 est.) refined petroleum consumption: 109,000 bbl/day (2023 est.) crude oil estimated reserves: 7 billion barrels (2021 est.)
2023, 2021 dates in source text; archive edition 2025 · Archive source ↗
Natural gas
production: 35.775 billion cubic meters (2023 est.) consumption: 12.703 billion cubic meters (2023 est.) exports: 23.65 billion cubic meters (2023 est.) imports: 2.173 billion cubic meters (2023 est.) proven reserves: 1.699 trillion cubic meters (2021 est.)
2023, 2021 dates in source text; archive edition 2025 · Archive source ↗
Carbon dioxide emissions
38.892 million metric tonnes of CO2 (2023 est.) from coal and metallurgical coke: 17,000 metric tonnes of CO2 (2023 est.) from petroleum and other liquids: 13.954 million metric tonnes of CO2 (2023 est.) from consumed natural gas: 24.921 million metric tonnes of CO2 (2023 est.)
2023 dates in source text; archive edition 2025 · Archive source ↗
Telephones - mobile cellular
total subscriptions: 11.3 million (2024 est.) subscriptions per 100 inhabitants: 110 (2024 est.)
2024 dates in source text; archive edition 2025 · Archive source ↗
Broadband - fixed subscriptions
total: 2.15 million (2023 est.) subscriptions per 100 inhabitants: 21 (2023 est.)
2023 dates in source text; archive edition 2025 · Archive source ↗
Airports
32 (2025)
2025 dates in source text; archive edition 2025 · Archive source ↗
Railways
total: 2,944.3 km (2017) broad gauge: 2,944.3 km (2017) 1.520-m gauge (approx. 1,767 km electrified)
2017 dates in source text; archive edition 2025 · Archive source ↗
GDP - composition, by sector of origin
agriculture: 5.7% (2024 est.) industry: 42.6% (2024 est.) services: 42.3% (2024 est.) note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
2024 dates in source text; archive edition 2025 · Archive source ↗
Remittances
1.8% of GDP (2024 est.) 2.6% of GDP (2023 est.) 5% of GDP (2022 est.) note: personal transfers and compensation between resident and non-resident individuals/households/entities
2024, 2023, 2022 dates in source text; archive edition 2025 · Archive source ↗
CURRENCY OBSERVATIONS
Money & exchange rates
The latest verified daily references are separate from the historical country profile. Values are currency units per US$1.
Azerbaijan Manat
AZN per US$1
Published reference snapshot; its original observation date is preserved.
1 AZN = US$0.5882353
1.6991–1.7023 AZN per US$1 across the displayed observations. The vertical scale follows this range.
View dated observations
| Observation date | AZN per US$1 |
|---|---|
| Oct 6, 2026 | 1.7 |
| Oct 5, 2026 | 1.7007 |
| Oct 4, 2026 | 1.7008 |
| Oct 3, 2026 | 1.7016 |
| Oct 2, 2026 | 1.7023 |
| Oct 1, 2026 | 1.7011 |
| Sep 30, 2026 | 1.6994 |
| Sep 29, 2026 | 1.6998 |
| Sep 28, 2026 | 1.6999 |
| Sep 27, 2026 | 1.7 |
| Sep 26, 2026 | 1.7003 |
| Sep 25, 2026 | 1.7004 |
| Sep 24, 2026 | 1.7009 |
| Sep 23, 2026 | 1.6995 |
| Sep 22, 2026 | 1.6998 |
| Sep 21, 2026 | 1.7 |
| Sep 20, 2026 | 1.7003 |
| Sep 19, 2026 | 1.7009 |
| Sep 18, 2026 | 1.7009 |
| Sep 17, 2026 | 1.7011 |
| Sep 16, 2026 | 1.6997 |
| Sep 15, 2026 | 1.7 |
| Sep 14, 2026 | 1.7002 |
| Sep 13, 2026 | 1.7 |
| Sep 12, 2026 | 1.7002 |
| Sep 11, 2026 | 1.7003 |
| Sep 10, 2026 | 1.6997 |
| Sep 9, 2026 | 1.6998 |
| Sep 8, 2026 | 1.6994 |
| Sep 7, 2026 | 1.6991 |
Daily references are not live execution prices. A check time does not change a source observation date.
CAPITAL MARKETS
Stock exchanges
No venue from our curated stock exchange directory is listed for this entity.
Browse the worldwide directory →Exchange directory coverage is curated and does not establish that an entity has no other trading venues.
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Official data & country reports
Research directories have their own coverage. A link is not a claim that every entity has an IMF report or a separate national statistical office.
SOURCES & DATES
Where the facts come from.
Editorial presentation by American Business Capital Group Inc. The organizations and archive links below are the underlying sources.
- Country reference
- CIA World Factbook · 2025 archive
- Archive retrieved
- Oct 6, 2026 · retrieval date, not an observation period
- Currency associations
- SIX / ISO 4217 currency registry ↗
- Rate observations
- Frankfurter / official reference providers ↗ · each observation is dated separately
- State classification
- UN member states ↗ · UN observer states ↗
- UN membership is shown separately from territory and currency coverage; inclusion is not a position on sovereignty or boundaries.
- CIA World Factbook text preserved by World Factbook Archive. Archive edition 2025; individual estimates retain their own dates. These are historical reference facts, not current observations.
About the editions. The CIA announced the end of its online World Factbook on February 4, 2026. Our historical profiles retain the archive editions shown above.
Skyhorse lists The CIA World Factbook 2026–2027, published April 7, 2026 (ISBN 9781510786042). That book’s full text has not been incorporated here; its edition title does not redate the imported archive. Archive distribution license.
Geography is a simplified reference. Displayed boundaries and entity inclusion do not express a position on sovereignty or disputed borders.