Nomad Watch
AZ

Azerbaijan

AZ · AZE · #112 · 9 cities

Nomad score 55/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$33,909
GDP (2031)
$105.9B
GDP growth (2031)
2.5% →
Inflation (2031)
4.0% →
Unemployment (2031)
5.0% →
Population (2031)
11.1M
Population growth (2031)
1.2% →
Gini index (2005)
26.6
Government debt (2031)
20.2% of GDP
Current account (2031)
0.6% of GDP
FDI inflows (2025)
$374.2M
Life expectancy (2024)
74.6 yrs
Health spending (2023)
4.3% of GDP
Internet users (2025)
90.8%
Mobile subscriptions (2024)
109.5/100
Trade openness (2025)
79.8% of GDP
Exchange rate (2025)
1.70/USD
Foreign reserves (2025)
$13.6B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
20.2% of GDP
Current account (2031)
0.6% of GDP
FDI inflows (2025)
$374.2M

Income inequality (Gini)

Gini index (2005)
0.27
Assessment
Low inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2024)
2.00/1k
Tax revenue (2024)
17.3% of GDP
Services sector (2025)
45.3% of GDP

Financial access and costs

ATMs per 100k (2024)
41.4
Bank branches per 100k (2024)
6.4
ICT service exports (2025)
1.5%
Goods and services tax (2024)
10.2%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $105.9B $33,909 2.5% 4.0% 5.0% 11.1M - 20.2% 0.6% - - - - -
2030 * $99.6B $32,267 2.5% 4.0% 5.0% 11.0M - 20.0% 1.0% - - - - -
2029 * $93.7B $30,727 2.5% 4.0% 5.1% 10.9M - 19.9% 1.6% - - - - -
2028 * $88.2B $29,257 2.5% 4.1% 5.1% 10.7M - 19.9% 2.0% - - - - -
2027 * $83.1B $27,889 2.5% 5.1% 5.2% 10.6M - 20.0% 5.4% - - - - -
2026 * $78.4B $26,631 2.2% 6.0% 5.3% 10.5M - 20.0% 9.7% - - - - -
2025 $75.9B $26,113 1.4% 5.6% 5.3% 10.4M - 20.1% 5.5% $374.2M - - 90.8% 1.70
2024 $74.4B $25,146 4.2% 2.2% 5.4% 10.2M - 21.6% 6.3% $231.3M 74.6 - 90.4% 1.70
2023 $72.4B $23,671 1.4% 8.8% 5.5% 10.1M - 21.8% 11.5% $252.8M 74.4 4.3% 89.0% 1.70
2022 $78.8B $22,549 4.7% 13.9% 5.6% 10.1M - 17.3% 29.8% -$4.5B 74.1 3.4% 88.0% 1.70
2021 $54.8B $20,111 5.6% 6.7% 6.0% 10.0M - 26.3% 15.1% -$1.7B 71.0 4.7% 86.0% 1.70
2020 $42.7B $15,164 -4.2% 2.8% 7.2% 10.0M - 21.3% -0.5% $507.2M 70.3 5.9% 84.6% 1.70
2019 $48.2B $16,675 2.5% 2.6% 5.0% 10.0M - 17.7% 9.1% $1.5B 73.3 4.2% 81.1% 1.70
2018 $47.1B $15,283 1.5% 2.3% 4.9% 9.9M - 18.7% 12.8% $1.4B 73.0 3.8% 79.8% 1.70
2017 $41.4B $14,316 0.2% 12.9% 5.0% 9.8M - 22.5% 4.1% $2.9B 72.7 4.1% 79.0% 1.72
2016 $37.8B $14,536 -3.1% 12.4% 5.0% 9.7M - 20.6% -3.6% $4.5B 72.6 4.4% 78.2% 1.60
2015 $53.0B $15,075 1.1% 4.0% 5.0% 9.6M - 18.0% -0.4% $4.0B 72.4 4.3% 77.0% 1.02
2014 $75.2B $17,564 2.8% 1.4% 4.9% 9.5M - 8.5% 13.9% $4.4B 71.9 3.6% 75.0% 0.78
2013 $74.2B $17,268 5.8% 2.4% 5.0% 9.4M - 6.2% 16.6% $2.6B 71.5 3.2% 73.0% 0.78
2012 $69.7B $15,994 2.2% 1.1% 5.2% 9.2M - 5.8% 21.4% $5.3B 71.1 3.2% 54.2% 0.79
2011 $66.0B $14,805 0.1% 7.9% 5.4% 9.1M - 5.0% 26.0% $4.5B 70.6 2.6% 50.0% 0.79
2010 $52.9B $14,930 5.0% 5.7% 5.6% 9.0M - 5.0% 28.4% $3.4B 70.3 2.7% 46.0% 0.80
2009 $44.3B $14,246 9.3% 1.5% 5.7% 8.9M - 4.7% 23.0% $2.9B 69.9 2.8% 27.4% 0.80
2008 $48.9B $13,217 10.8% 20.8% 5.9% 8.8M - 3.2% 33.7% $4.0B 69.4 2.1% 17.1% 0.82
2007 $33.1B $11,974 25.0% 16.7% 6.3% 8.7M - 4.0% 27.3% $4.6B 68.7 2.0% 14.5% 0.86
2006 $21.0B $9,398 34.5% 8.3% 6.6% 8.6M - 5.3% 17.7% $4.5B 68.5 2.1% 12.0% 0.89
2005 $13.2B $6,855 26.4% 9.6% 7.3% 8.4M 26.6 6.9% 1.3% $4.5B 67.7 2.2% 8.0% 0.95
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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