Azerbaijan vs Colombia: Economic Indicators Comparison

Colombia with a GDP of $331B ranked the 39th largest economy in the world, while Azerbaijan ranked 88th with $46.9B. By GDP 5-years average growth and GDP per capita, Colombia and Azerbaijan ranked 101st vs 164th and 94th vs 110th, respectively.

Gross Domestic Product & Income

StatAzerbaijanColombia
GDP$46.9B$331B
GDP growth, 1 year1.4%2.7%
GDP growth, 5-years average0.4%2.8%
Population10M49.1M
GDP per capita$4.7k$6.7k
GDP per capita growth0.51%1.02%
Purchasing Power Parity conversion factor0.441312.74
Price level ratio of PPP conversion factor GDP to market exchange rate0.260.44
GDP per capita, PPP adjusted$18k$15k
GNI, Atlas method$40.3B$306.9B
GNI per capita$4.1k$6.2k
GNI, PPP adjusted$170B$718.9B
GNI per capita, PPP adjusted$17k$14k

Financial system and Human development

StatAzerbaijanColombia
Income Tax Rate25%39%
Corporate Tax Rate20%33%
Inflation, consumer prices2.3%3.2%
Inflation, GDP deflator11.9%3.7%
Unemployment5.2%9.1%
Economic Freedom Index69.369.2
Personal Freedom Index6.736.93
Human Freedom Index6.446.78
Property Rights Index67.161.1
Judical Effectiveness Index53.932.8
Business Freedom Index80.871.3
Fiscal Health Index99.285.5
Labor Freedom Index66.278
Investment Freedom Index7080
Financial Freedom Index6070
Trade Freedom Index74.681.2
Monetary Freedom Index69.877.5
Government Spending Index6377
Tax Burden Index8870.4
Government Integrity Index38.746.1
Corruption Perceptions Index2536
Life expectancy at birth, years72.776.9
Suicide mortality rate, per 100,000 people2.67.2
Mortality caused by road traffic injury, per 100,000 people8.718.5
Intentional homicides, per 100,000 people224.9
International tourism, number of arrivals2.6M3.9M

Government debt & reserves

StatAzerbaijanColombia
Central government debt, % of GDP19.4%50.5%
External debt stocks, % of GNI36.4%42.3%
External debt stocks$16.2B$134.9B
Short-term debt, % of total reserves8.5%31.5%
Total debt service, % of exports and primary income10.5%40.8%
Adjusted net savings including particulate emission damage, % of GNI9.5%2.8%
Gross savings, % of GDP33%15.1%
Gross capital formation, % of GDP20.1%21.2%
Total reserves including gold$6.7B$47.9B
Foreign direct investment net inflows$1.4B$11.5B

Exports, imports and economic structure

StatAzerbaijanColombia
Exports of goods and services, % of GDP54.3%15.9%
Imports of goods and services, % of GDP37.7%20.8%
Current account balance (balance of payments)$6.1B-$13B
Revenue excluding grants, % of GDP35.1%22.9%
Grants excluding technical cooperation, BoP$45.7M$741.3M
Personal remittances received$1.2B$6.4B
Industry including construction value added, % of GDP52.2%26.7%
Agriculture, forestry and fishing value added, % of GDP5.3%6.3%
Charges for the use of intellectual property, payments BoP$28.2M$471.4M
Charges for the use of intellectual property, receipts BoP$28k$105.6M
Expense, % of GDP28%25.3%
Government Expenditure, % of GDP35.1%27.7%

Compare with countries close by GDP per capita

Azerbaijan vs

CountryGDP
per capita
Population
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k

Colombia vs

CountryGDP
per capita
Population
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k