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Economy of Azerbaijan vs Brunei compared: GDP & Debt

Updated on by Georank

Azerbaijan has a GDP of $75.9B compared to $15B for Brunei, ranking 87/197 and 147/197 by economy size, respectively.

Azerbaijan has $15.3B in government debt (20.1% of GDP), compared to $232M (1.54% of GDP) in Brunei.

Azerbaijan vs Brunei GDP by year

Azerbaijan
Brunei
1x
Year GDP, current $
Azerbaijan Brunei
2025 $75,937,647,059 $15,031,980,994
2024 $74,426,000,000 $15,340,808,592
2023 $72,428,470,588 $15,095,084,656
2022 $78,807,470,588 $16,681,536,467
2021 $54,825,411,765 $14,006,496,617
2020 $42,693,000,000 $12,005,799,654
2019 $48,174,235,294 $13,469,235,365
2018 $47,112,470,052 $13,566,908,391
2017 $40,866,627,352 $12,128,168,045
2016 $37,866,996,883 $11,400,266,045
2015 $53,076,235,355 $12,930,296,870
2014 $75,239,785,452 $17,097,797,386
2013 $74,160,560,124 $18,094,148,099
2012 $69,679,944,504 $19,048,443,341
2011 $65,952,796,428 $18,524,791,063
2010 $52,909,294,792 $13,707,121,038
2009 $44,292,427,185 $11,912,904,510
2008 $48,851,293,785 $15,926,456,515
2007 $33,049,419,431 $13,432,029,484
2006 $20,981,929,498 $12,644,616,419
2005 $13,245,421,881 $10,547,202,621
2004 $8,680,405,741 $8,619,178,774
2003 $7,276,413,079 $7,167,725,262
2002 $6,236,087,738 $6,333,082,876
2001 $5,707,616,204 $6,096,155,767
2000 $5,272,615,723 $6,570,999,088
1999 $4,581,248,567 $6,309,070,378
1998 $4,446,368,571 $5,550,846,020
1997 $3,962,362,387 $7,793,034,376
1996 $3,176,507,376 $7,663,377,306
1995 $2,417,331,193 $7,700,144,069
1994 $1,193,141,110 $6,467,782,518
1993 $1,570,392,598 $6,203,339,912
1992 $444,658,672 $6,327,966,435
1991 $5,344,000,000 $6,284,497,294
1990 $8,884,848,485 $6,039,881,087
1989 - $4,983,622,881
1988 - $4,535,130,305
1987 - $4,918,010,080
1986 - $4,190,280,003
1985 - $6,967,623,884
1984 - $7,632,788,075
1983 - $7,927,590,750
1982 - $8,932,198,186
1981 - $9,367,218,664
1980 - $10,795,432,294
1979 - $6,044,367,628
1978 - $4,100,423,674
1977 - $3,681,242,528
1976 - $3,054,765,590
1975 - $2,496,420,258
1974 - $2,319,576,214
1973 - $433,095,527
1972 - $270,822,782
1971 - $197,525,768
1970 - $179,078,929
1969 - $161,210,236
1968 - $160,818,236
1967 - $139,029,537
1966 - $132,757,528
1965 - $114,039,501

Data sources: World Bank | Economy & Growth (1965–2025, retrieved 2026-07-08).

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

GDP per capita in Azerbaijan vs Brunei by year

Azerbaijan
GDP per capita

GDP per capita, PPP
Brunei
GDP per capita

GDP per capita, PPP
1x
Year Current $
Azerbaijan Brunei
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,411 - $32,235 -
2024 $7,295 $25,089 $33,153 $89,879
2023 $7,133 $23,652 $32,891 $85,033
2022 $7,771 $22,552 $36,633 $81,802
2021 $5,408 $20,111 $31,007 $78,249
2020 $4,230 $15,164 $26,834 $69,788
2019 $4,806 $16,675 $30,427 $69,354
2018 $4,740 $15,283 $30,988 $65,149
2017 $4,147 $14,316 $28,024 $61,658
2016 $3,881 $14,536 $26,663 $56,680
2015 $5,501 $15,075 $30,625 $62,708
2014 $7,891 $17,564 $41,027 $81,226
2013 $7,875 $17,268 $44,003 $83,237
2012 $7,496 $15,994 $46,969 $87,256
2011 $7,190 $14,805 $46,383 $82,735
2010 $5,844 $14,930 $34,938 $79,543
2009 $4,950 $14,246 $30,946 $77,957
2008 $5,574 $13,217 $42,157 $80,477
2007 $3,851 $11,974 $36,217 $83,693
2006 $2,473 $9,398 $34,675 $86,114
2005 $1,578 $6,855 $29,386 $81,534
2004 $1,045 $5,248 $24,423 $80,404
2003 $884 $4,718 $20,678 $79,632
2002 $763 $4,230 $18,621 $76,838
2001 $704 $3,835 $18,288 $74,254
2000 $655 $3,439 $20,130 $73,087
1999 $574 $3,052 $19,752 $70,585
1998 $562 $2,827 $17,769 $68,257
1997 $506 $2,565 $25,522 $73,980
1996 $409 $2,407 $25,692 $70,008
1995 $315 $2,357 $26,443 $70,440
1994 $157.1 $2,648 $22,767 $69,779
1993 $209.5 $3,272 $22,397 $69,387
1992 $60.2 $4,220 $23,451 $70,016
1991 $735 $5,412 $23,932 $72,610
1990 $1,238 $5,343 $23,659 $70,201
1989 - - $20,090 -
1988 - - $18,825 -
1987 - - $21,030 -
1986 - - $18,501 -
1985 - - $31,827 -
1984 - - $36,061 -
1983 - - $38,720 -
1982 - - $45,075 -
1981 - - $48,793 -
1980 - - $58,005 -
1979 - - $33,501 -
1978 - - $23,447 -
1977 - - $21,747 -
1976 - - $18,671 -
1975 - - $15,793 -
1974 - - $15,195 -
1973 - - $2,939 -
1972 - - $1,905 -
1971 - - $1,432 -
1970 - - $1,325 -
1969 - - $1,226 -
1968 - - $1,274 -
1967 - - $1,149 -
1966 - - $1,146 -
1965 - - $1,029 -

Data sources: World Bank | Economy & Growth (1965–2025, retrieved 2026-07-08).

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

Azerbaijan's GDP per capita is $7,411, ranking 101/197, compared to $32,235 in Brunei, ranking 42/197. Adjusted for purchasing power (GDP per capita PPP), Azerbaijan ranks 82nd at $25,089, while Brunei ranks 9th at $89,879.

Economic indicators

Azerbaijan Brunei
Gross domestic product
$75.9B
2025
$15B
2025
GDP rank
87/197
2025
147/197
2025
GDP growth
1.45%
2024-2025
0.67%
2024-2025
GDP per capita
$7,411
2025
$32,235
2025
GDP per capita rank
101/197
2025
42/197
2025
GDP per capita, PPP
$25,089
2024
$89,879
2024
GDP per capita PPP rank
82/197
2024
9/197
2024
Government debt
$15.3B
2025
$232M
2025
Debt-to-GDP ratio
20.1%
2025
1.54%
2025
Government debt per person
$1,492
2025
$498
2025
Government debt per person rank
131/185
2025
169/185
2025
Average annual personal income after taxes
$6,426
2026
$25,392
2026
Market capitalization of domestic companies
$1.57B
2025
n/a
Income share by richest 10%
24.2%
2005
n/a
Income share by poorest 10%
4.8%
2005
n/a
Government expenditure, % of GDP
34.6%
2025
29.9%
2025
Consumer prices inflation
5.62%
2024-2025
-0.3%
2024-2025
Central bank interest rate
6.5%
2026
n/a
Unemployment rate
5.7%
2022
4.87%
2024
Population
10333222
471596

Spending and national debt comparison by year

Azerbaijan
Spending

Debt
Brunei
Spending

Debt
1x
Year % of GDP
Azerbaijan Brunei
Government spending Government debt Government spending Government debt
2025 34.6% 20.1% 29.9% 1.54%
2024 33.9% 21.6% 30.3% 1.57%
2023 32.7% 21.8% 30.1% 1.67%
2022 26.2% 17.3% 26.1% 1.33%
2021 32.2% 26.3% 30.1% 1.43%
2020 40.2% 21.3% 32.8% 2.16%
2019 32.5% 17.7% 32.1% 1.82%
2018 33.2% 18.7% 32.9% 1.9%
2017 35.6% 22.5% 36.6% 2.58%
2016 35.4% 20.6% 39.8% 3%
2015 38.7% 18% 37% 2.95%
2014 36.4% 8.53% 34% 3.23%
2013 37.8% 6.18% 33.4% 2.21%
2012 36.6% 5.83% 31.1% 2.1%
2011 33.7% 4.97% 29.9% 2.13%
2010 32% 4.98% 25.5% 1.11%
2009 34.5% 4.73% 34.8% 1.11%
2008 31.4% 3.22% 27.2% 0.94%
2007 26.1% 4% 29.3% 0.68%
2006 25.3% 5.3% 28% 0.59%
2005 22.5% 6.85% 29.1% 0%
2004 24.2% 9.71% 33.2% 0%
2003 21.7% 10.7% 30.9% 0%
2002 23.1% 11.9% 41.4% 0%
2001 16.8% 13% 35.5% 0%
2000 18.2% 13.1% 37.5% 0%
1999 19.5% 25.4% 44.1% 0%
1998 18.7% 14.3% 45.4% 0%
1997 18.5% 11.4% 39% 0%
1996 19.8% 16.7% 36.9% 0%
1995 18.9% 19.2% 44% 0%
1994 14.7% 11.7% 47.1% 0%
1993 - - 38% 0%
1992 - - 34.1% 0%
1991 - - 30.6% 0%
1990 - - 32% 0%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1994, retrieved 2026-07-08).

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

In 2025, Azerbaijan's government spending was $26.3B, accounting for 34.6% of its GDP, while Brunei spent $4.5B, or 29.9% of GDP.

Debt-to-GDP ratio is 20.1% in Azerbaijan and 1.54% in Brunei, ranking 174/185 and 185/185, respectively.

Government deficit by year

Deficit/surplus
Azerbaijan

Brunei
1x
Year Deficit/surplus, % of GDP
Azerbaijan Brunei
2025 2.56% -13.4%
2024 4.05% -12.9%
2023 7.92% -8.62%
2022 5.96% -0.25%
2021 4.21% -8.34%
2020 -6.44% -16.2%
2019 8.95% -4.16%
2018 5.43% -2.9%
2017 -1.34% -13.8%
2016 -1.17% -16.7%
2015 -4.83% -11.4%
2014 2.74% 1.25%
2013 1.64% 10.4%
2012 3.71% 19.5%
2011 10.9% 21.5%
2010 13.8% 11.3%
2009 5.86% 3.61%
2008 17.2% 36.1%
2007 2.34% 3.12%
2006 0.66% 19.8%
2005 2.74% 16%
2004 1.78% 8.57%
2003 1.6% 8.06%
2002 19.4% -4.61%
2001 21.8% 2.59%
2000 0.14% 6.86%
1999 -1.03% -18.3%
1998 1.63% -24%
1997 -0.94% -11.8%
1996 -2.25% -8.7%
1995 -1.34% -19.8%
1994 3.21% -22.6%
1993 - -12.8%
1992 - -8.28%
1991 - -1.06%
1990 - -1.63%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Azerbaijan's government surplus, the difference between spending and revenue, was $1.94B, equivalent to 2.56% of GDP. This compares to Brunei's deficit of $2.02B, or 13.4% of GDP.

Over the past 32 years, Azerbaijan recorded a fiscal deficit in 8 of those years, while Brunei ran a deficit in 18 years. On average, Azerbaijan posted an annual surplus equal to 4.09% of GDP, compared to deficit of 1.55% of GDP for Brunei.

Inflation comparison by year

Inflation
Azerbaijan

Brunei
1x
Year Consumer prices inflation
Azerbaijan Brunei
2025 5.62% -0.3%
2024 2.21% -0.39%
2023 8.79% 0.36%
2022 13.9% 3.68%
2021 6.65% 1.73%
2020 2.76% 1.94%
2019 2.61% -0.39%
2018 2.27% 1.03%
2017 12.9% -1.26%
2016 12.4% -0.28%
2015 4.03% -0.49%
2014 1.37% -0.21%
2013 2.42% 0.39%
2012 1.07% 0.11%
2011 7.86% 0.14%
2010 5.73% 0.36%
2009 1.46% 1.04%
2008 20.8% 2.08%
2007 16.7% 0.97%
2006 8.33% 0.16%
2005 9.68% 1.24%
2004 6.71% 0.81%
2003 2.23% 0.3%
2002 2.77% -2.31%
2001 1.55% 0.6%
2000 1.81% 1.56%
1999 -8.53% -0.42%
1998 -0.77% -0.44%
1997 3.67% 1.71%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Azerbaijan has recorded an average annual inflation rate of 5.49%, compared with 0.47% in Brunei. In 2025, inflation was 5.62% in Azerbaijan and -0.3% in Brunei.

Top exports between countries

Azerbaijan
Export category Export value
Machinery & equipment $571K
Textiles & consumer goods $65K
Processed food, beverages & tobacco $37K
Chemicals & pharma $1K
Metals $1K
Brunei
Export category Export value

Balance of trade

Azerbaijan Brunei
Current account balance
$3.48B
2025
$2.71B
2025
Current account balance ranking
35/190
2025
40/190
2025
Current account balance, % of GDP
+4.58%
2025
+18%
2025
Goods imports
$17.7B
2025
$6.28B
2025
Goods exports
$24.1B
2025
$10.3B
2025
Service imports
$10.3B
2025
$1.54B
2025
Service exports
$8.6B
2025
$463M
2025
Imports of goods and services, % of GDP
36.8%
2025
52%
2025
Exports of goods and services, % of GDP
43%
2025
71.6%
2025

Economic freedom indices

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

Azerbaijan Brunei
Economic freedom 64.3 67.5
Economic freedom ranking 74/197 55/197
Property rights 53.3 66.1
Government integrity 23.6 60.4
Judicial effectiveness 16.5 48.6
Tax burden 87.9 95
Government spending 71.3 75.6
Fiscal health 99.1 39
Business freedom 71.2 75.3
Labor freedom 56.9 75.1
Monetary freedom 76 74.8
Trade freedom 75.8 84.6
Investment freedom 70 65
Financial freedom 70 50

Economic freedom comparison by year

Azerbaijan
Brunei
1x
Year Economic freedom index
Azerbaijan Brunei
2026 64.3 67.5
2025 62.5 67
2024 61.6 65.9
2023 61.4 65.7
2022 61.6 64.8
2021 70.1 66.6
2020 69.3 66.6
2019 65.4 65.1
2018 64.3 64.2
2017 63.6 69.8
2016 60.2 67.3
2015 61 68.9
2014 61.3 69
2013 59.7 -
2012 58.9 -
2011 59.7 -
2010 58.8 -
2009 58 -
2008 55.3 -
2007 54.6 -
2006 53.2 -
2005 54.4 -
2004 53.4 -
2003 54.1 -
2002 53.3 -
2001 50.3 -
2000 49.8 -
1999 47.4 -
1998 43.1 -
1997 34 -
1996 30 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Azerbaijan is 64.3, ranking 74/197, compared to 67.5 for Brunei, ranking 55/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Azerbaijan Brunei
Services, % of GDP
45.3%
2025
40.2%
2025
Industry, % of GDP
39.5%
2025
60%
2025
Agriculture, forestry, and fishing, % of GDP
5.93%
2025
1.18%
2025
GNI, Atlas method
$75.4B
2025
$16.2B
2025
GNI per capita, PPP
$25,430
2025
$95,420
2025
Total reserves including gold
$13.6B
2025
$5.49B
2025
Total reserves ranking
74/177
2025
100/177
2025
Net foreign direct investment
$536M
2025
-$157M
2025
Net inflows of foreign direct investment
$231M
2024
$29.1M
2024
Net outflows of foreign direct investment
$742M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.82%
2024
n/a
Poverty at national poverty lines
6%
2012
n/a
Gross capital formation, % of GDP
18.9%
2025
27.1%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1965–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2022–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. International Monetary Fund (IMF) | Public Finances in Modern History (1994, retrieved 2026-07-08)

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.