Azerbaijan flag

Azerbaijan

Republic of Azerbaijan

Capital

Baku

Region

Asia

Population

10,241,722

Area (km²)

86,600

💡Quick Summary

Azerbaijan, nestled in Asia with its vibrant capital Baku, spans 86,600 km² and is home to a population of 10,241,722 people. Known for its strategic location at the crossroads of Europe and Asia, the country thrives on oil-rich resources, though current GDP data is unavailable. From ancient fire temples to modern skyscrapers, Azerbaijan blends rich history with Caspian Sea allure, making it a fascinating blend of cultures.

Key Insights

High Literacy Rate Masks Economic Complexity

Azerbaijan boasts a near-perfect literacy rate, comparable to highly developed nations. However, this educational achievement contrasts sharply with its moderate GDP per capita and relatively high inflation, suggesting challenges in translating human capital into broad economic prosperity.

Demographic Transition: Sub-Replacement Fertility

The fertility rate of 1.55 is significantly below the replacement level (2.1), indicating that Azerbaijan's population is aging and will likely begin to shrink or require net migration to maintain its current size in the long term. This is a common pattern in post-Soviet and European countries.

Universal Access to Electricity Achieved

Azerbaijan has achieved 100% access to electricity, a major infrastructure milestone often seen only in the most developed nations. This high level of infrastructure penetration is likely supported by its significant oil and gas resources.

Moderate Economic Growth Coupled with High Inflation

The economy is experiencing modest growth (1.354%), which is insufficient to absorb the high inflation rate (8.785%). This suggests that real wages and purchasing power for citizens are likely declining, posing a significant challenge to economic stability.

Economic Indicators
Latest economic data from World Bank

GDP (Current US$)

$72.43B

Year: 2023

GDP Per Capita

$7,133.03

GDP Growth (%)

1.35%

Inflation (%)

8.79%

Unemployment (%)

5.64%

Debt to GDP (%)

N/A%

Source: World Bank • Last updated: 1/23/2026

Historical Trends & Data Visualizations

GDP Growth Rate
Annual percentage change in GDP over time
2014201520162017201820192020202120222023-6.00%-3.00%0.00%3.00%6.00%
  • GDP Growth (%)
Population Growth
Total population over time
201420152016201720182019202020212022202303,000,0006,000,0009,000,00012,000,000
  • Population
Life Expectancy
Average life expectancy at birth (years)
20142015201620172018201920202021202220230.0years20.0years40.0years60.0years80.0years
  • Life Expectancy (years)
Renewable Energy Consumption
Percentage of total energy from renewable sources
201420152016201720182019202020210.0%0.6%1.2%1.8%2.4%
  • Renewable Energy (%)
GDP Per Capita
Economic output per person (current US$)
2014201520162017201820192020202120222023$0$2,000$4,000$6,000$8,000
  • GDP Per Capita ($)

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