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Economy of Azerbaijan vs Central African Republic compared: GDP & Debt

Updated on by Georank team

Azerbaijan has a GDP of $74.3B compared to $2.75B for the Central African Republic, ranking 84/197 and 171/197 by economy size, respectively.

Azerbaijan has $16.1B in government debt (21.7% of GDP), compared to $1.67B (60.7% of GDP) in the Central African Republic.

Azerbaijan vs Central African Republic GDP by year

Azerbaijan
Central African Republic
1x
Year GDP, current $
Azerbaijan CAR
2024 $74,315,882,353 $2,751,494,281
2023 $72,428,470,588 $2,555,492,086
2022 $78,807,470,588 $2,382,618,615
2021 $54,825,411,765 $2,516,498,412
2020 $42,693,000,000 $2,326,720,900
2019 $48,174,235,294 $2,221,301,351
2018 $47,112,470,052 $2,220,979,146
2017 $40,866,627,352 $2,072,349,973
2016 $37,866,996,883 $1,825,018,145
2015 $53,076,235,355 $1,695,825,714
2014 $75,239,785,452 $1,894,813,389
2013 $74,160,560,124 $1,691,544,110
2012 $69,679,944,504 $2,510,126,512
2011 $65,952,796,428 $2,437,982,705
2010 $52,909,294,792 $2,142,591,540
2009 $44,292,427,185 $2,067,381,665
2008 $48,851,293,785 $1,993,407,888
2007 $33,049,419,431 $1,699,811,295
2006 $20,981,929,498 $1,461,859,762
2005 $13,245,421,881 $1,337,894,379
2004 $8,680,405,741 $1,272,360,517
2003 $7,276,413,079 $1,142,315,523
2002 $6,236,087,738 $996,068,145
2001 $5,707,616,204 $932,648,605
2000 $5,272,615,723 $916,777,283
1999 $4,581,248,567 $999,477,511
1998 $4,446,368,571 $967,338,390
1997 $3,962,362,387 $937,741,513
1996 $3,176,507,376 $1,007,791,127
1995 $2,417,331,193 $1,115,389,674
1994 $1,193,141,110 $851,174,357
1993 $1,570,392,598 $1,278,781,262
1992 $444,658,672 $1,411,917,553
1991 $5,344,000,000 $1,377,374,987
1990 $8,884,848,485 $1,440,711,459
1989 - $1,233,930,281
1988 - $1,264,899,288
1987 - $1,200,991,978
1986 - $1,122,265,013
1985 - $864,849,836
1984 - $637,820,670
1983 - $658,679,333
1982 - $748,312,391
1981 - $694,803,623
1980 - $797,048,199
1979 - $700,764,748
1978 - $610,578,632
1977 - $507,298,148
1976 - $451,152,461
1975 - $378,660,016
1974 - $281,398,706
1973 - $271,183,082
1972 - $230,317,883
1971 - $201,450,800
1970 - $189,106,529
1969 - $188,039,210
1968 - $191,767,442
1967 - $163,820,514
1966 - $157,930,018
1965 - $150,574,795
1964 - $142,025,079
1963 - $129,379,124
1962 - $124,482,774
1961 - $123,134,583
1960 - $112,155,598

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/azerbaijan/central-african-republic | CC BY

GDP per capita in Azerbaijan vs Central African Republic by year

Azerbaijan
GDP per capita

GDP per capita, PPP
Central African Republic
GDP per capita

GDP per capita, PPP
1x
Year Current $
Azerbaijan CAR
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,284 $25,089 $516 $1,263
2023 $7,133 $23,652 $496 $1,257
2022 $7,771 $22,552 $467 $1,218
2021 $5,408 $20,111 $492 $1,129
2020 $4,230 $15,164 $463 $1,066
2019 $4,806 $16,675 $449 $985
2018 $4,740 $15,283 $455 $906
2017 $4,147 $14,316 $432 $884
2016 $3,881 $14,536 $387 $826
2015 $5,501 $15,075 $366 $769
2014 $7,891 $17,564 $410 $699
2013 $7,875 $17,268 $364 $710
2012 $7,496 $15,994 $544 $1,062
2011 $7,190 $14,805 $534 $980
2010 $5,844 $14,930 $477 $936
2009 $4,950 $14,246 $456 $877
2008 $5,574 $13,217 $437 $798
2007 $3,851 $11,974 $381 $783
2006 $2,473 $9,398 $334 $743
2005 $1,578 $6,855 $312 $702
2004 $1,045 $5,248 $303 $690
2003 $884 $4,718 $278.4 $648
2002 $763 $4,230 $248.6 $688
2001 $704 $3,835 $238 $668
2000 $655 $3,439 $239.2 $640
1999 $574 $3,052 $268 $660
1998 $562 $2,827 $266.6 $645
1997 $506 $2,565 $265.5 $626
1996 $409 $2,407 $293.3 $601
1995 $315 $2,357 $333 $631
1994 $157.1 $2,648 $261.3 $592
1993 $209.5 $3,272 $405 $570
1992 $60.2 $4,220 $462 $573
1991 $735 $5,412 $465 $618
1990 $1,238 $5,343 $502 $620
1989 - - $443 -
1988 - - $466 -
1987 - - $450 -
1986 - - $426 -
1985 - - $333 -
1984 - - $248.3 -
1983 - - $259.6 -
1982 - - $298.4 -
1981 - - $280.3 -
1980 - - $325 -
1979 - - $289.1 -
1978 - - $254.6 -
1977 - - $213.8 -
1976 - - $192.1 -
1975 - - $163.6 -
1974 - - $124 -
1973 - - $121.8 -
1972 - - $105.5 -
1971 - - $94.1 -
1970 - - $90.2 -
1969 - - $91.7 -
1968 - - $95.6 -
1967 - - $83.6 -
1966 - - $82.3 -
1965 - - $80.2 -
1964 - - $77.2 -
1963 - - $71.8 -
1962 - - $70.4 -
1961 - - $71 -
1960 - - $65.9 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/azerbaijan/central-african-republic | CC BY

Azerbaijan's GDP per capita is $7,284, ranking 101/197, compared to $516 in the Central African Republic, ranking 195/197. Adjusted for purchasing power (GDP per capita PPP), Azerbaijan ranks 82nd at $25,089, while the Central African Republic ranks 195th at $1,263.

Economic indicators

Azerbaijan CAR
Gross domestic product
$74.3B
2024
$2.75B
2024
GDP rank
84/197
2024
171/197
2024
GDP growth
4.07%
2023-2024
1.5%
2023-2024
GDP per capita
$7,284
2024
$516
2024
GDP per capita rank
101/197
2024
195/197
2024
GDP per capita, PPP
$25,089
2024
$1,263
2024
GDP per capita PPP rank
82/197
2024
195/197
2024
Government debt
$16.1B
2024
$1.67B
2024
Debt-to-GDP ratio
21.7%
2024
60.7%
2024
Government debt per person
$1,579
2024
$313
2024
Government debt per person rank
128/185
2024
178/185
2024
Average annual personal income after taxes
$6,324
2026
$1,078
2026
Market capitalization of domestic companies
$1.64B
2024
n/a
Income share by richest 10%
24.2%
2005
33.1%
2021
Income share by poorest 10%
4.8%
2005
2.1%
2021
Government expenditure, % of GDP
33.9%
2024
19.5%
2024
Consumer prices inflation
2.21%
2023-2024
1.5%
2023-2024
Central bank interest rate
7%
2025
n/a
Unemployment rate
5.65%
2022
6.9%
2017
Population
10338778
5753659

Spending and national debt comparison by year

Azerbaijan
Spending

Debt
Central African Republic
Spending

Debt
1x
Year % of GDP
Azerbaijan CAR
Government spending Government debt Government spending Government debt
2024 33.9% 21.7% 19.5% 60.7%
2023 32.7% 21.8% 17.5% 55.6%
2022 26.2% 17.3% 17.4% 49.9%
2021 32.2% 26.3% 19.2% 46.9%
2020 40.2% 21.3% 24.2% 42.8%
2019 32.5% 17.7% 15.8% 44.9%
2018 33.2% 18.7% 16.8% 47.9%
2017 35.6% 22.5% 13.1% 47.4%
2016 35.4% 20.6% 11.1% 49.3%
2015 38.7% 18% 12.7% 54.4%
2014 36.4% 8.53% 16.7% 57.5%
2013 37.8% 6.18% 13.4% 51.8%
2012 36.6% 5.83% 14.7% 31.5%
2011 33.7% 4.97% 14.2% 19.7%
2010 32% 4.98% 17.3% 19.9%
2009 34.5% 4.73% 16% 20.3%
2008 31.4% 3.22% 16% 35.8%
2007 26.1% 4% 12.9% 47.9%
2006 25.3% 5.3% 13.4% 46.7%
2005 22.5% 6.85% 16.2% 103%
2004 24.2% 9.71% 13.1% 99.7%
2003 21.7% 10.7% 12.3% 95.9%
2002 23.1% 11.9% 16.7% 98.5%
2001 16.8% 13% 14.1% 103.1%
2000 18.2% 13.1% 17.2% 94.7%
1999 19.5% 25.4% 18.2% 84.2%
1998 18.7% 14.3% 18.1% 85.3%
1997 18.5% 11.4% 14.5% 96.1%
1996 19.8% 16.7% 11.7% 93%
1995 18.9% 19.2% 20.6% 83.8%
1994 14.7% 11.7% 22.4% 103.4%
1993 - - 20.6% 68.2%
1992 - - 23.1% 57.4%
1991 - - 22.6% 55.8%
1990 - - 22% 44.6%
1989 - - 19.6% 50.9%
1988 - - 21.4% 48.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1996, retrieved 2026-02-20).

GeoRank.org/economy/azerbaijan/central-african-republic | CC BY

In 2024, Azerbaijan's government spending was $25.2B, accounting for 33.9% of its GDP, while the Central African Republic spent $538M, or 19.5% of GDP.

Debt-to-GDP ratio is 21.7% in Azerbaijan and 60.7% in the Central African Republic, ranking 174/185 and 77/185, respectively.

Government deficit by year

Deficit/surplus
Azerbaijan

Central African Republic
1x
Year Deficit/surplus, % of GDP
Azerbaijan CAR
2024 4.06% -5.08%
2023 7.92% -3.44%
2022 5.96% -5.23%
2021 4.21% -5.8%
2020 -6.44% -3.24%
2019 8.95% 1.33%
2018 5.43% -0.93%
2017 -1.34% -1%
2016 -1.17% 1.17%
2015 -4.83% -0.53%
2014 2.74% -3.02%
2013 1.64% -2.3%
2012 3.71% -0.78%
2011 10.9% -2.15%
2010 13.8% -1.35%
2009 5.86% -0.54%
2008 17.2% -1.23%
2007 2.34% 1.04%
2006 0.66% 8.58%
2005 2.74% -4.37%
2004 1.78% -1.74%
2003 1.6% -3.06%
2002 19.4% -1.19%
2001 21.8% -0.88%
2000 0.14% -2.01%
1999 -1.03% -0.5%
1998 1.63% 0.001%
1997 -0.94% -1.57%
1996 -2.25% -1.06%
1995 -1.34% -4.84%
1994 3.21% -7.57%
1993 - -5.66%
1992 - -7.33%
1991 - -8%
1990 - -6.6%
1989 - -3.25%
1988 - -3.72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-02-20).

GeoRank.org/economy/azerbaijan/central-african-republic | CC BY

In 2024, Azerbaijan's government surplus, the difference between spending and revenue, was $3.01B, equivalent to 4.06% of GDP. This compares to the Central African Republic's deficit of $140M, or 5.08% of GDP.

Over the past 31 years, Azerbaijan recorded a fiscal deficit in 8 of those years, while the Central African Republic ran a deficit in 26 years. On average, Azerbaijan posted an annual surplus equal to 4.14% of GDP, compared to deficit of 1.72% of GDP for the Central African Republic.

Inflation comparison by year

Inflation
Azerbaijan

Central African Republic
1x
Year Consumer prices inflation
Azerbaijan CAR
2024 2.21% 1.5%
2023 8.79% 3%
2022 13.9% 5.6%
2021 6.65% 4.3%
2020 2.76% 0.9%
2019 2.61% 2.8%
2018 2.27% 1.6%
2017 12.9% 4.2%
2016 12.4% 4.9%
2015 4.03% 1.4%
2014 1.37% 17.8%
2013 2.42% 4%
2012 1.07% 5.9%
2011 7.86% 1.2%
2010 5.73% 1.5%
2009 1.46% 3.6%
2008 20.8% 9.2%
2007 16.7% 0.9%
2006 8.33% 6.9%
2005 9.68% 2.9%
2004 6.71% -2.6%
2003 2.23% 4.4%
2002 2.77% 2.3%
2001 1.55% 4.1%
2000 1.81% 3.4%
1999 -8.53% -1.6%
1998 -0.77% -2%
1997 3.67% 1.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/azerbaijan/central-african-republic | CC BY

Over the past 28 years, Azerbaijan has recorded an average annual inflation rate of 5.48%, compared with 3.35% in the Central African Republic. In 2024, inflation was 2.21% in Azerbaijan and 1.5% in the Central African Republic.

Top exports between countries

Azerbaijan
Export category Export value
Processed food, beverages & tobacco $37K
CAR
Export category Export value

Balance of trade

Azerbaijan CAR
Current account balance
$4.67B
2024
-$24.7M
1994
Current account balance ranking
34/190
2024
81/190
1994
Current account balance, % of GDP
+6.29%
2024
-2.9%
1994
Goods imports
$17.2B
2024
$131M
1994
Goods exports
$26B
2024
$146M
1994
Service imports
$10.2B
2024
$114M
1994
Service exports
$8.12B
2024
$33.1M
1994
Imports of goods and services, % of GDP
36.8%
2024
31.4%
2024
Exports of goods and services, % of GDP
45.9%
2024
15%
2024

Economic freedom indices

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

Azerbaijan CAR
Economic freedom 64.3 43.1
Economic freedom ranking 74/197 182/197
Property rights 53.3 5.6
Government integrity 23.6 19.2
Judicial effectiveness 16.5 4
Tax burden 87.9 65.5
Government spending 71.3 90.1
Fiscal health 99.1 59
Business freedom 71.2 26.5
Labor freedom 56.9 48.5
Monetary freedom 76 75.6
Trade freedom 75.8 47.6
Investment freedom 70 45
Financial freedom 70 30

Economic freedom comparison by year

Azerbaijan
Central African Republic
1x
Year Economic freedom index
Azerbaijan CAR
2026 64.3 43.1
2025 62.5 42.8
2024 61.6 41.3
2023 61.4 43.8
2022 61.6 45.7
2021 70.1 48.8
2020 69.3 50.7
2019 65.4 49.1
2018 64.3 49.2
2017 63.6 51.8
2016 60.2 45.2
2015 61 45.9
2014 61.3 46.7
2013 59.7 50.4
2012 58.9 50.3
2011 59.7 49.3
2010 58.8 48.4
2009 58 48.3
2008 55.3 48.6
2007 54.6 50.6
2006 53.2 54.2
2005 54.4 56.5
2004 53.4 57.5
2003 54.1 60
2002 53.3 59.8
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 2026-03-09).

GeoRank.org/economy/azerbaijan/central-african-republic | CC BY

The Economic Freedom Index for Azerbaijan is 64.3, ranking 74/197, compared to 43.1 for the Central African Republic, ranking 182/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Azerbaijan CAR
Services, % of GDP
42.3%
2024
42.1%
2024
Industry, % of GDP
42.6%
2024
20%
2024
Agriculture, forestry, and fishing, % of GDP
5.66%
2024
27.9%
2024
GNI, Atlas method
$74.8B
2024
$2.74B
2024
GNI per capita, PPP
$24,220
2024
$1,340
2024
Total reserves including gold
$12.7B
2024
$480M
2023
Total reserves ranking
72/177
2024
158/177
2023
Net foreign direct investment
$511M
2024
$3.6M
1994
Net inflows of foreign direct investment
$231M
2024
$40.4M
2024
Net outflows of foreign direct investment
$742M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.83%
2024
1.94%
2024
Poverty at national poverty lines
6%
2012
68.8%
2021
Gross capital formation, % of GDP
21.1%
2024
23.6%
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/azerbaijan/central-african-republic | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1988–1996, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2017, retrieved 2026-02-20)
  9. TradeMap (2024, 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.