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Economy of Azerbaijan vs Jordan compared: GDP & Debt

Updated on by Georank team

Azerbaijan has a GDP of $74.3B compared to $53.4B for Jordan, ranking 84/197 and 90/197 by economy size, respectively.

Azerbaijan has $16.1B in government debt (21.7% of GDP), compared to $48.1B (90.2% of GDP) in Jordan.

Azerbaijan vs Jordan GDP by year

Azerbaijan
Jordan
1x
Year GDP, current $
Azerbaijan Jordan
2024 $74,315,882,353 $53,352,289,577
2023 $72,428,470,588 $51,088,476,338
2022 $78,807,470,588 $48,764,963,380
2021 $54,825,411,765 $46,296,100,141
2020 $42,693,000,000 $43,700,383,099
2019 $48,174,235,294 $44,503,006,338
2018 $47,112,470,052 $43,370,860,704
2017 $40,866,627,352 $41,608,435,915
2016 $37,866,996,883 $39,892,551,127
2015 $53,076,235,355 $38,587,017,887
2014 $75,239,785,452 $36,847,643,521
2013 $74,160,560,124 $34,454,440,141
2012 $69,679,944,504 $31,634,561,690
2011 $65,952,796,428 $29,524,149,155
2010 $52,909,294,792 $27,133,804,225
2009 $44,292,427,185 $24,537,876,056
2008 $48,851,293,785 $22,658,715,989
2007 $33,049,419,431 $17,110,437,236
2006 $20,981,929,498 $15,056,981,664
2005 $13,245,421,881 $12,588,998,590
2004 $8,680,405,741 $11,411,706,629
2003 $7,276,413,079 $10,195,627,645
2002 $6,236,087,738 $9,582,510,578
2001 $5,707,616,204 $8,975,814,653
2000 $5,272,615,723 $8,460,789,845
1999 $4,581,248,567 $8,149,929,478
1998 $4,446,368,571 $7,912,270,804
1997 $3,962,362,387 $7,245,839,210
1996 $3,176,507,376 $6,927,503,526
1995 $2,417,331,193 $6,727,597,032
1994 $1,193,141,110 $6,236,295,978
1993 $1,570,392,598 $5,606,400,222
1992 $444,658,672 $5,310,833,194
1991 $5,344,000,000 $4,344,467,193
1990 $8,884,848,485 $4,160,087,508
1989 - $4,221,373,674
1988 - $6,277,451,829
1987 - $6,756,209,762
1986 - $6,402,050,485
1985 - $4,993,601,520
1984 - $4,967,162,160
1983 - $4,920,692,191
1982 - $4,681,240,993
1981 - $4,383,944,703
1980 - $3,910,044,474
1979 - $3,271,368,781
1978 - $2,602,208,589
1977 - $2,096,778,602
1976 - $1,708,521,219
1975 - $1,363,073,498
1974 - $1,197,483,949
1973 - $943,783,840
1972 - $788,479,685
1971 - $678,159,729
1970 - $639,519,744
1969 - $698,879,720
1968 - $561,119,776
1967 - $631,679,747
1966 - $657,999,737
1965 - $599,759,760

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

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

GDP per capita in Azerbaijan vs Jordan by year

Azerbaijan
GDP per capita

GDP per capita, PPP
Jordan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Azerbaijan Jordan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,284 $25,089 $4,618 $10,821
2023 $7,133 $23,652 $4,466 $10,412
2022 $7,771 $22,552 $4,332 $9,927
2021 $5,408 $20,111 $4,183 $9,182
2020 $4,230 $15,164 $4,022 $9,579
2019 $4,806 $16,675 $4,170 $9,429
2018 $4,740 $15,283 $4,145 $9,042
2017 $4,147 $14,316 $4,066 $9,266
2016 $3,881 $14,536 $3,987 $8,748
2015 $5,501 $15,075 $4,043 $8,967
2014 $7,891 $17,564 $4,191 $9,145
2013 $7,875 $17,268 $4,311 $9,817
2012 $7,496 $15,994 $4,170 $9,739
2011 $7,190 $14,805 $3,947 $9,632
2010 $5,844 $14,930 $3,718 $9,417
2009 $4,950 $14,246 $3,436 $9,291
2008 $5,574 $13,217 $3,242 $8,983
2007 $3,851 $11,974 $2,506 $8,416
2006 $2,473 $9,398 $2,343 $8,046
2005 $1,578 $6,855 $2,088 $7,697
2004 $1,045 $5,248 $1,940 $7,074
2003 $884 $4,718 $1,776 $6,500
2002 $763 $4,230 $1,706 $6,256
2001 $704 $3,835 $1,632 $5,948
2000 $655 $3,439 $1,571 $5,641
1999 $574 $3,052 $1,545 $5,402
1998 $562 $2,827 $1,532 $5,264
1997 $506 $2,565 $1,436 $5,171
1996 $409 $2,407 $1,410 $5,055
1995 $315 $2,357 $1,416 $5,027
1994 $157.1 $2,648 $1,367 $4,830
1993 $209.5 $3,272 $1,289 $4,726
1992 $60.2 $4,220 $1,287 $4,654
1991 $735 $5,412 $1,110 $4,195
1990 $1,238 $5,343 $1,149 $4,317
1989 - - $1,260 -
1988 - - $1,966 -
1987 - - $2,217 -
1986 - - $2,200 -
1985 - - $1,797 -
1984 - - $1,871 -
1983 - - $1,939 -
1982 - - $1,929 -
1981 - - $1,885 -
1980 - - $1,750 -
1979 - - $1,519 -
1978 - - $1,249 -
1977 - - $1,039 -
1976 - - $873 -
1975 - - $718 -
1974 - - $651 -
1973 - - $531 -
1972 - - $460 -
1971 - - $412 -
1970 - - $409 -
1969 - - $474 -
1968 - - $409 -
1967 - - $497 -
1966 - - $558 -
1965 - - $546 -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

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

Azerbaijan's GDP per capita is $7,284, ranking 101/197, compared to $4,618 in Jordan, ranking 123/197. Adjusted for purchasing power (GDP per capita PPP), Azerbaijan ranks 82nd at $25,089, while Jordan ranks 131st at $10,821.

Economic indicators

Azerbaijan Jordan
Gross domestic product
$74.3B
2024
$53.4B
2024
GDP rank
84/197
2024
90/197
2024
GDP growth
4.07%
2023-2024
2.49%
2023-2024
GDP per capita
$7,284
2024
$4,618
2024
GDP per capita rank
101/197
2024
123/197
2024
GDP per capita, PPP
$25,089
2024
$10,821
2024
GDP per capita PPP rank
82/197
2024
131/197
2024
Government debt
$16.1B
2024
$48.1B
2024
Debt-to-GDP ratio
21.7%
2024
90.2%
2024
Government debt per person
$1,579
2024
$4,167
2024
Government debt per person rank
128/185
2024
91/185
2024
Average annual personal income after taxes
$6,324
2026
$4,787
2026
Market capitalization of domestic companies
$1.64B
2024
$24.9B
2024
Income share by richest 10%
24.2%
2005
27.4%
2010
Income share by poorest 10%
4.8%
2005
3.5%
2010
Government expenditure, % of GDP
33.9%
2024
33%
2024
Consumer prices inflation
2.21%
2023-2024
1.56%
2023-2024
Central bank interest rate
7%
2025
5.75%
2025
Unemployment rate
5.65%
2022
16.6%
2023
Population
10338778
11555022

Spending and national debt comparison by year

Azerbaijan
Spending

Debt
Jordan
Spending

Debt
1x
Year % of GDP
Azerbaijan Jordan
Government spending Government debt Government spending Government debt
2024 33.9% 21.7% 33% 90.2%
2023 32.7% 21.8% 32.9% 89%
2022 26.2% 17.3% 33.3% 88.6%
2021 32.2% 26.3% 34.1% 87.6%
2020 40.2% 21.3% 33.7% 104.5%
2019 32.5% 17.7% 32.4% 92.9%
2018 33.2% 18.7% 32% 87.4%
2017 35.6% 22.5% 29.6% 86.1%
2016 35.4% 20.6% 29.8% 85%
2015 38.7% 18% 31.7% 83.4%
2014 36.4% 8.53% 39.2% 78.6%
2013 37.8% 6.18% 36.4% 78.1%
2012 36.6% 5.83% 32.2% 73.8%
2011 33.7% 4.97% 27.4% 63.9%
2010 32% 4.98% 29.8% 59.5%
2009 34.5% 4.73% 35.9% 55.5%
2008 31.4% 3.22% 35.8% 53.2%
2007 26.1% 4% 37.7% 64.4%
2006 25.3% 5.3% 34.7% 65.6%
2005 22.5% 6.85% 37.3% 80.5%
2004 24.2% 9.71% 36.6% 86%
2003 21.7% 10.7% 36% 94.6%
2002 23.1% 11.9% 32.9% 91.3%
2001 16.8% 13% 32.1% 89.7%
2000 18.2% 13.1% 33.1% 85.6%
1999 19.5% 25.4% 32.7% 98.1%
1998 18.7% 14.3% 34.9% 99.8%
1997 18.5% 11.4% 33.9% 98.1%
1996 19.8% 16.7% 36.2% 104.9%
1995 18.9% 19.2% 35.5% 106.1%
1994 14.7% 11.7% 34.3% 116.2%
1993 - - 36.4% 126.6%
1992 - - 35.5% 139.6%
1991 - - 44.9% 187%
1990 - - 44% 204.8%
1989 - - 42.5% 195.4%
1988 - - 44.3% 129.3%
1987 - - 42.1% 101.9%
1986 - - 33.8% 84.3%
1985 - - 42.4% 85.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1994, retrieved 2026-02-20).

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

In 2024, Azerbaijan's government spending was $25.2B, accounting for 33.9% of its GDP, while Jordan spent $17.6B, or 33% of GDP.

Debt-to-GDP ratio is 21.7% in Azerbaijan and 90.2% in Jordan, ranking 174/185 and 32/185, respectively.

Government deficit by year

Deficit/surplus
Azerbaijan

Jordan
1x
Year Deficit/surplus, % of GDP
Azerbaijan Jordan
2024 4.06% -7.33%
2023 7.92% -6.89%
2022 5.96% -6.8%
2021 4.21% -8.45%
2020 -6.44% -10.1%
2019 8.95% -7.19%
2018 5.43% -5.78%
2017 -1.34% -3.61%
2016 -1.17% -3.71%
2015 -4.83% -7.1%
2014 2.74% -15.5%
2013 1.64% -16.1%
2012 3.71% -13.8%
2011 10.9% -5.61%
2010 13.8% -5.43%
2009 5.86% -8.66%
2008 17.2% -5.38%
2007 2.34% -5.45%
2006 0.66% -3.82%
2005 2.74% -5.36%
2004 1.78% -1.09%
2003 1.6% -2.52%
2002 19.4% -4.44%
2001 21.8% -2.77%
2000 0.14% -3.99%
1999 -1.03% -2.69%
1998 1.63% -5.4%
1997 -0.94% -2.97%
1996 -2.25% -3.25%
1995 -1.34% -1.72%
1994 3.21% -2.3%
1993 - -2.14%
1992 - 1.87%
1991 - -10.2%
1990 - -7.45%
1989 - -6.89%
1988 - -13%
1987 - -13.4%
1986 - -2.39%
1985 - -6.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/azerbaijan/jordan | 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 Jordan's deficit of $3.91B, or 7.33% of GDP.

Over the past 31 years, Azerbaijan recorded a fiscal deficit in 8 of those years, while Jordan ran a deficit in 31 years. On average, Azerbaijan posted an annual surplus equal to 4.14% of GDP, compared to deficit of 5.98% of GDP for Jordan.

Inflation comparison by year

Inflation
Azerbaijan

Jordan
1x
Year Consumer prices inflation
Azerbaijan Jordan
2024 2.21% 1.56%
2023 8.79% 2.08%
2022 13.9% 4.23%
2021 6.65% 1.35%
2020 2.76% 0.33%
2019 2.61% 0.76%
2018 2.27% 4.46%
2017 12.9% 3.32%
2016 12.4% -0.78%
2015 4.03% -0.88%
2014 1.37% 2.9%
2013 2.42% 4.82%
2012 1.07% 4.52%
2011 7.86% 4.16%
2010 5.73% 4.85%
2009 1.46% -0.74%
2008 20.8% 14%
2007 16.7% 4.74%
2006 8.33% 6.25%
2005 9.68% 3.49%
2004 6.71% 3.36%
2003 2.23% 1.63%
2002 2.77% 1.83%
2001 1.55% 1.77%
2000 1.81% 0.67%
1999 -8.53% 0.61%
1998 -0.77% 3.09%
1997 3.67% 3.04%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Azerbaijan has recorded an average annual inflation rate of 5.48%, compared with 2.91% in Jordan. In 2024, inflation was 2.21% in Azerbaijan and 1.56% in Jordan.

Top exports between countries

Azerbaijan
Export category Export value
Processed food, beverages & tobacco $585K
Textiles & consumer goods $374K
Raw materials & minerals $231K
Chemicals & pharma $5K
Machinery & equipment $3K
Jordan
Export category Export value
Chemicals & pharma $1.79M
Processed food, beverages & tobacco $252K
Animal & marine products $187K
Textiles & consumer goods $149K
Metals $70K
Machinery & equipment $53K
Raw materials & minerals $46K
Raw agricultural goods $37K

Balance of trade

Azerbaijan Jordan
Current account balance
$4.67B
2024
-$3.13B
2024
Current account balance ranking
34/190
2024
158/190
2024
Current account balance, % of GDP
+6.29%
2024
-5.86%
2024
Goods imports
$17.2B
2024
$23.9B
2024
Goods exports
$26B
2024
$13.3B
2024
Service imports
$10.2B
2024
$6.5B
2024
Service exports
$8.12B
2024
$9.45B
2024
Imports of goods and services, % of GDP
36.8%
2024
57.1%
2024
Exports of goods and services, % of GDP
45.9%
2024
42.6%
2024

Economic freedom indices

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

Azerbaijan Jordan
Economic freedom 64.3 59.3
Economic freedom ranking 74/197 104/197
Property rights 53.3 52.3
Government integrity 23.6 51
Judicial effectiveness 16.5 44
Tax burden 87.9 84.1
Government spending 71.3 67.2
Fiscal health 99.1 5.2
Business freedom 71.2 62.7
Labor freedom 56.9 51.3
Monetary freedom 76 81.2
Trade freedom 75.8 82
Investment freedom 70 70
Financial freedom 70 60

Economic freedom comparison by year

Azerbaijan
Jordan
1x
Year Economic freedom index
Azerbaijan Jordan
2026 64.3 59.3
2025 62.5 59.4
2024 61.6 58.3
2023 61.4 58.8
2022 61.6 60.1
2021 70.1 64.6
2020 69.3 66
2019 65.4 66.5
2018 64.3 64.9
2017 63.6 66.7
2016 60.2 68.3
2015 61 69.3
2014 61.3 69.2
2013 59.7 70.4
2012 58.9 69.9
2011 59.7 68.9
2010 58.8 66.1
2009 58 65.4
2008 55.3 64.1
2007 54.6 64.5
2006 53.2 63.7
2005 54.4 66.7
2004 53.4 66.1
2003 54.1 65.3
2002 53.3 66.2
2001 50.3 68.3
2000 49.8 67.5
1999 47.4 67.4
1998 43.1 66.8
1997 34 63.6
1996 30 60.8
1995 - 62.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Azerbaijan is 64.3, ranking 74/197, compared to 59.3 for Jordan, ranking 104/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Azerbaijan Jordan
Services, % of GDP
42.3%
2024
60.4%
2024
Industry, % of GDP
42.6%
2024
25.1%
2024
Agriculture, forestry, and fishing, % of GDP
5.66%
2024
5.07%
2024
GNI, Atlas method
$74.8B
2024
$51.2B
2024
GNI per capita, PPP
$24,220
2024
$10,570
2024
Total reserves including gold
$12.7B
2024
$21.9B
2024
Total reserves ranking
72/177
2024
60/177
2024
Net foreign direct investment
$511M
2024
-$1.58B
2024
Net inflows of foreign direct investment
$231M
2024
$1.63B
2024
Net outflows of foreign direct investment
$742M
2024
$54.1M
2024
Servicing debt to the IMF, % of GNI
5.83%
2024
8.64%
2024
Poverty at national poverty lines
6%
2012
14.2%
2020
Gross capital formation, % of GDP
21.1%
2024
25.2%
2021

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/jordan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, 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 (1985–1994, retrieved 2026-02-20)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.