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Economy of Andorra vs Azerbaijan compared: GDP & Debt

Updated on by Georank team

Andorra has a GDP of $4.04B compared to $74.3B for Azerbaijan, ranking 166/197 and 84/197 by economy size, respectively.

Andorra vs Azerbaijan GDP by year

Andorra
Azerbaijan
1x
Year GDP, current $
Andorra Azerbaijan
2024 $4,039,842,405 $74,315,882,353
2023 $3,785,065,525 $72,428,470,588
2022 $3,380,611,695 $78,807,470,588
2021 $3,324,648,076 $54,825,411,765
2020 $2,891,002,460 $42,693,000,000
2019 $3,155,150,256 $48,174,235,294
2018 $3,218,418,632 $47,112,470,052
2017 $3,000,160,415 $40,866,627,352
2016 $2,896,611,879 $37,866,996,883
2015 $2,789,882,569 $53,076,235,355
2014 $3,271,686,452 $75,239,785,452
2013 $3,193,513,470 $74,160,560,124
2012 $3,188,653,259 $69,679,944,504
2011 $3,629,133,063 $65,952,796,428
2010 $3,449,925,694 $52,909,294,792
2009 $3,688,974,807 $44,292,427,185
2008 $4,102,317,468 $48,851,293,785
2007 $3,957,627,537 $33,049,419,431
2006 $3,459,336,818 $20,981,929,498
2005 $3,161,084,847 $13,245,421,881
2004 $2,900,244,054 $8,680,405,741
2003 $2,366,941,614 $7,276,413,079
2002 $1,764,279,818 $6,236,087,738
2001 $1,548,265,927 $5,707,616,204
2000 $1,432,606,296 $5,272,615,723
1999 $1,240,295,199 $4,581,248,567
1998 $1,211,953,994 $4,446,368,571
1997 $1,180,645,572 $3,962,362,387
1996 $1,224,024,139 $3,176,507,376
1995 $1,178,745,283 $2,417,331,193
1994 $1,017,544,069 $1,193,141,110
1993 $1,007,090,270 $1,570,392,598
1992 $1,209,992,020 $444,658,672
1991 $1,106,891,362 $5,344,000,000
1990 $1,028,989,692 $8,884,848,485
1989 $795,489,582 -
1988 $721,425,939 -
1987 $611,299,925 -
1986 $481,996,013 -
1985 $346,742,715 -
1984 $330,073,081 -
1983 $327,850,043 -
1982 $375,914,744 -
1981 $388,983,266 -
1980 $446,377,777 -
1979 $411,548,748 -
1978 $308,020,261 -
1977 $253,997,897 -
1976 $227,283,851 -
1975 $220,112,572 -
1974 $186,557,082 -
1973 $150,841,639 -
1972 $113,414,397 -
1971 $89,406,608 -
1970 $78,617,711 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/andorra/azerbaijan | CC BY

GDP per capita in Andorra vs Azerbaijan by year

Andorra
GDP per capita

GDP per capita, PPP
Azerbaijan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Andorra Azerbaijan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $49,304 $74,939 $7,284 $25,089
2023 $46,812 $71,731 $7,133 $23,652
2022 $42,414 $68,470 $7,771 $22,552
2021 $42,426 $59,332 $5,408 $20,111
2020 $37,361 $52,096 $4,230 $15,164
2019 $41,258 $57,475 $4,806 $16,675
2018 $42,820 $55,245 $4,740 $15,283
2017 $40,673 $53,085 $4,147 $14,316
2016 $40,130 $53,110 $3,881 $14,536
2015 $38,655 $50,733 $5,501 $15,075
2014 $44,370 $48,506 $7,891 $17,564
2013 $42,470 $45,609 $7,875 $17,268
2012 $41,501 $45,503 $7,496 $15,994
2011 $46,657 $46,436 $7,190 $14,805
2010 $42,747 $43,853 $5,844 $14,930
2009 $43,975 $42,523 $4,950 $14,246
2008 $49,132 $44,839 $5,574 $13,217
2007 $48,336 $47,501 $3,851 $11,974
2006 $43,467 $46,853 $2,473 $9,398
2005 $40,830 $44,578 $1,578 $6,855
2004 $39,021 $42,717 $1,045 $5,248
2003 $34,064 $41,148 $884 $4,718
2002 $26,528 $38,787 $763 $4,230
2001 $23,511 $36,895 $704 $3,835
2000 $21,810 $33,458 $655 $3,439
1999 $18,875 $31,590 $574 $3,052
1998 $18,537 $30,073 $562 $2,827
1997 $18,248 $29,122 $506 $2,565
1996 $19,130 $26,542 $409 $2,407
1995 $18,443 $24,934 $315 $2,357
1994 $15,749 $23,509 $157.1 $2,648
1993 $15,917 $22,958 $209.5 $3,272
1992 $20,100 $23,817 $60.2 $4,220
1991 $19,533 $24,510 $735 $5,412
1990 $19,564 $24,909 $1,238 $5,343
1989 $15,715 - - -
1988 $14,599 - - -
1987 $12,828 - - -
1986 $10,539 - - -
1985 $7,912 - - -
1984 $7,808 - - -
1983 $8,082 - - -
1982 $9,698 - - -
1981 $10,465 - - -
1980 $12,475 - - -
1979 $11,996 - - -
1978 $9,410 - - -
1977 $8,168 - - -
1976 $7,721 - - -
1975 $7,925 - - -
1974 $7,140 - - -
1973 $6,151 - - -
1972 $4,940 - - -
1971 $4,170 - - -
1970 $3,935 - - -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/andorra/azerbaijan | CC BY

Andorra's GDP per capita is $49,304, ranking 25/197, compared to $7,284 in Azerbaijan, ranking 101/197. Adjusted for purchasing power (GDP per capita PPP), Andorra ranks 18th at $74,939, while Azerbaijan ranks 82nd at $25,089.

Economic indicators

Andorra Azerbaijan
Gross domestic product
$4.04B
2024
$74.3B
2024
GDP rank
166/197
2024
84/197
2024
GDP growth
3.37%
2023-2024
4.07%
2023-2024
GDP per capita
$49,304
2024
$7,284
2024
GDP per capita rank
25/197
2024
101/197
2024
GDP per capita, PPP
$74,939
2024
$25,089
2024
GDP per capita PPP rank
18/197
2024
82/197
2024
Government debt n/a
$16.1B
2024
Debt-to-GDP ratio n/a
21.7%
2024
Government debt per person n/a
$1,579
2024
Government debt per person rank n/a
128/185
2024
Average annual personal income after taxes
$32,457
2026
$6,324
2026
Market capitalization of domestic companies n/a
$1.64B
2024
Income share by richest 10% n/a
24.2%
2005
Income share by poorest 10% n/a
4.8%
2005
Government expenditure, % of GDP
35%
2025
33.9%
2024
Consumer prices inflation
-0.9%
2019-2020
2.21%
2023-2024
Central bank interest rate n/a
7%
2025
Unemployment rate
3.7%
2016
5.65%
2022
Population
84102
10338778

Inflation comparison by year

Inflation
Andorra

Azerbaijan
1x
Year Consumer prices inflation
Andorra Azerbaijan
2024 - 2.21%
2023 - 8.79%
2022 - 13.9%
2021 - 6.65%
2020 -0.9% 2.76%
2019 -0.9% 2.61%
2018 -0.9% 2.27%
2017 - 12.9%
2016 - 12.4%
2015 -0.9% 4.03%
2014 - 1.37%
2013 - 2.42%
2012 1.1% 1.07%
2011 - 7.86%
2010 1.6% 5.73%
2009 - 1.46%
2008 2.3% 20.8%
2007 3.9% 16.7%
2006 - 8.33%
2005 3.2% 9.68%
2004 3.4% 6.71%
2003 - 2.23%
2002 - 2.77%
2001 - 1.55%
2000 4.3% 1.81%
1999 - -8.53%
1998 1.62% -0.77%
1997 - 3.67%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20).

GeoRank.org/economy/andorra/azerbaijan | CC BY

Over the past 23 years, Andorra has recorded an average annual inflation rate of 1.49%, compared with 5.14% in Azerbaijan. In 2020, inflation was -0.9% in Andorra and 2.21% in Azerbaijan.

Top exports between countries

Andorra
Export category Export value
Textiles & consumer goods $4K
Azerbaijan
Export category Export value

Balance of trade

Andorra Azerbaijan
Current account balance
$649M
2024
$4.67B
2024
Current account balance ranking
57/190
2024
34/190
2024
Current account balance, % of GDP
+16.1%
2024
+6.29%
2024
Goods imports
$1.95B
2024
$17.2B
2024
Goods exports
$255M
2024
$26B
2024
Service imports
$1.04B
2024
$10.2B
2024
Service exports
$3.38B
2024
$8.12B
2024
Imports of goods and services, % of GDP n/a
36.8%
2024
Exports of goods and services, % of GDP
15%
2025
45.9%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Andorra Azerbaijan
Economic freedom 72 64.3
Economic freedom ranking 28/197 74/197
Property rights n/a 53.3
Government integrity n/a 23.6
Judicial effectiveness n/a 16.5
Tax burden n/a 87.9
Government spending n/a 71.3
Fiscal health n/a 99.1
Business freedom n/a 71.2
Labor freedom n/a 56.9
Monetary freedom n/a 76
Trade freedom n/a 75.8
Investment freedom n/a 70
Financial freedom n/a 70

Other economic metrics

Andorra Azerbaijan
Services, % of GDP
77.6%
2024
42.3%
2024
Industry, % of GDP
12.8%
2024
42.6%
2024
Agriculture, forestry, and fishing, % of GDP
0.47%
2024
5.66%
2024
GNI, Atlas method
$3.9B
2024
$74.8B
2024
GNI per capita, PPP
$76,090
2024
$24,220
2024
Total reserves including gold n/a
$12.7B
2024
Total reserves ranking n/a
72/177
2024
Net foreign direct investment
-$150M
2024
$511M
2024
Net inflows of foreign direct investment
$268M
2024
$231M
2024
Net outflows of foreign direct investment
$118M
2024
$742M
2024
Servicing debt to the IMF, % of GNI n/a
5.83%
2024
Poverty at national poverty lines
8%
2008
6%
2012
Gross capital formation, % of GDP n/a
21.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/andorra/azerbaijan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2023, retrieved 2026-02-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.