Azerbaijan: Trade (% of GDP)
In , Azerbaijan's Trade (% of GDP) was 82.69.
That's down 1.0% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Azerbaijan ranks #79 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #35 of 49.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 115.84
- Trough
- 69.48
- 1-year change
- -1.0%
- 5-year change
- -3.6%
- -0.7% / yr
- 10-year change
- +19.0%
- +1.8% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 82.6899 | |
| 83.5359 | |
| 86.9823 | |
| 76.2869 | |
| 72.0179 | |
| 85.8181 | |
| 91.6726 | |
| 90.4023 | |
| 90.0773 | |
| 72.6015 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Azerbaijan's Trade (% of GDP) in 2024?
- In 2024, Azerbaijan's Trade (% of GDP) was 82.69, according to World Bank Open Data.
- Is Azerbaijan's Trade (% of GDP) rising or falling?
- Azerbaijan's Trade (% of GDP) fell 1.0% from 2023 to 2024.
- How does Azerbaijan rank globally on Trade (% of GDP)?
- In 2024, Azerbaijan ranked #79 out of 160 countries reporting Trade (% of GDP).
- How does Azerbaijan's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Azerbaijan is below the world average. Within Europe & Central Asia, it ranks #35 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.