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Economy of Azerbaijan vs Kyrgyzstan compared: GDP & Debt

Updated on by Georank

Azerbaijan has a GDP of $75.9B compared to $22.6B for Kyrgyzstan, ranking 87/197 and 126/197 by economy size, respectively.

Azerbaijan has $15.3B in government debt (20.1% of GDP), compared to $8.15B (36% of GDP) in Kyrgyzstan.

Azerbaijan vs Kyrgyzstan GDP by year

Azerbaijan
Kyrgyzstan
1x
Year GDP, current $
Azerbaijan Kyrgyzstan
2025 $75,937,647,059 $22,623,752,095
2024 $74,426,000,000 $18,161,630,699
2023 $72,428,470,588 $15,180,842,369
2022 $78,807,470,588 $12,134,931,018
2021 $54,825,411,765 $9,249,133,946
2020 $42,693,000,000 $8,270,468,614
2019 $48,174,235,294 $9,371,275,264
2018 $47,112,470,052 $8,271,106,235
2017 $40,866,627,352 $7,702,938,379
2016 $37,866,996,883 $6,813,095,379
2015 $53,076,235,355 $6,678,177,512
2014 $75,239,785,452 $7,468,102,413
2013 $74,160,560,124 $7,335,033,801
2012 $69,679,944,504 $6,605,142,884
2011 $65,952,796,428 $6,197,765,984
2010 $52,909,294,792 $4,794,361,863
2009 $44,292,427,185 $4,690,061,381
2008 $48,851,293,785 $5,139,958,909
2007 $33,049,419,431 $3,802,570,553
2006 $20,981,929,498 $2,834,168,889
2005 $13,245,421,881 $2,460,246,766
2004 $8,680,405,741 $2,211,534,585
2003 $7,276,413,079 $1,919,008,090
2002 $6,236,087,738 $1,605,643,105
2001 $5,707,616,204 $1,525,116,370
2000 $5,272,615,723 $1,369,688,498
1999 $4,581,248,567 $1,249,061,487
1998 $4,446,368,571 $1,645,963,750
1997 $3,962,362,387 $1,767,864,036
1996 $3,176,507,376 $1,827,570,586
1995 $2,417,331,193 $1,661,147,035
1994 $1,193,141,110 $1,681,780,847
1993 $1,570,392,598 $2,026,019,253
1992 $444,658,672 $2,315,346,943
1991 $5,344,000,000 $2,542,256,424
1990 $8,884,848,485 $2,660,202,623

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

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

GDP per capita in Azerbaijan vs Kyrgyzstan by year

Azerbaijan
GDP per capita

GDP per capita, PPP
Kyrgyzstan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Azerbaijan Kyrgyzstan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,411 - $3,081 -
2024 $7,295 $25,089 $2,515 $8,012
2023 $7,133 $23,652 $2,138 $7,298
2022 $7,771 $22,552 $1,740 $6,578
2021 $5,408 $20,111 $1,350 $5,736
2020 $4,230 $15,164 $1,230 $5,179
2019 $4,806 $16,675 $1,422 $5,304
2018 $4,740 $15,283 $1,284 $4,778
2017 $4,147 $14,316 $1,221 $4,954
2016 $3,881 $14,536 $1,103 $4,604
2015 $5,501 $15,075 $1,106 $4,153
2014 $7,891 $17,564 $1,265 $4,228
2013 $7,875 $17,268 $1,270 $4,001
2012 $7,496 $15,994 $1,169 $3,589
2011 $7,190 $14,805 $1,117 $3,278
2010 $5,844 $14,930 $877 $3,076
2009 $4,950 $14,246 $870 $3,097
2008 $5,574 $13,217 $966 $3,031
2007 $3,851 $11,974 $722 $2,770
2006 $2,473 $9,398 $543 $2,508
2005 $1,578 $6,855 $477 $2,386
2004 $1,045 $5,248 $433 $2,343
2003 $884 $4,718 $381 $2,158
2002 $763 $4,230 $322 $1,998
2001 $704 $3,835 $308 $1,986
2000 $655 $3,439 $279.6 $1,862
1999 $574 $3,052 $258 $1,747
1998 $562 $2,827 $345 $1,687
1997 $506 $2,565 $376 $1,659
1996 $409 $2,407 $395 $1,505
1995 $315 $2,357 $364 $1,401
1994 $157.1 $2,648 $372 $1,466
1993 $209.5 $3,272 $449 $1,795
1992 $60.2 $4,220 $513 $2,075
1991 $735 $5,412 $570 $2,382
1990 $1,238 $5,343 $606 $2,544

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

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

Azerbaijan's GDP per capita is $7,411, ranking 101/197, compared to $3,081 in Kyrgyzstan, ranking 144/197. Adjusted for purchasing power (GDP per capita PPP), Azerbaijan ranks 82nd at $25,089, while Kyrgyzstan ranks 141st at $8,012.

Economic indicators

Azerbaijan Kyrgyzstan
Gross domestic product
$75.9B
2025
$22.6B
2025
GDP rank
87/197
2025
126/197
2025
GDP growth
1.45%
2024-2025
11.1%
2024-2025
GDP per capita
$7,411
2025
$3,081
2025
GDP per capita rank
101/197
2025
144/197
2025
GDP per capita, PPP
$25,089
2024
$8,012
2024
GDP per capita PPP rank
82/197
2024
141/197
2024
Government debt
$15.3B
2025
$8.15B
2025
Debt-to-GDP ratio
20.1%
2025
36%
2025
Government debt per person
$1,492
2025
$1,110
2025
Government debt per person rank
131/185
2025
141/185
2025
Average annual personal income after taxes
$6,426
2026
$2,331
2026
Market capitalization of domestic companies
$1.57B
2025
n/a
Income share by richest 10%
24.2%
2005
22.9%
2024
Income share by poorest 10%
4.8%
2005
4.2%
2024
Government expenditure, % of GDP
34.6%
2025
38.4%
2025
Consumer prices inflation
5.62%
2024-2025
8.2%
2024-2025
Central bank interest rate
6.5%
2026
12%
2026
Unemployment rate
5.7%
2022
3.5%
2023
Population
10333222
7505771

Spending and national debt comparison by year

Azerbaijan
Spending

Debt
Kyrgyzstan
Spending

Debt
1x
Year % of GDP
Azerbaijan Kyrgyzstan
Government spending Government debt Government spending Government debt
2025 34.6% 20.1% 38.4% 36%
2024 33.9% 21.6% 32.5% 36.2%
2023 32.7% 21.8% 32.9% 42%
2022 26.2% 17.3% 35% 46.8%
2021 32.2% 26.3% 32.1% 56.2%
2020 40.2% 21.3% 32.1% 63.6%
2019 32.5% 17.7% 30.8% 48.8%
2018 33.2% 18.7% 33.1% 54.8%
2017 35.6% 22.5% 37% 58.8%
2016 35.4% 20.6% 38.9% 59.1%
2015 38.7% 18% 38.1% 67.1%
2014 36.4% 8.53% 38.5% 53.6%
2013 37.8% 6.18% 38.1% 47.1%
2012 36.6% 5.83% 40.6% 50.5%
2011 33.7% 4.97% 37.4% 50.1%
2010 32% 4.98% 37.1% 59.7%
2009 34.5% 4.73% 32.5% 58.5%
2008 31.4% 3.22% 27.9% 49%
2007 26.1% 4% 29.6% 57.7%
2006 25.3% 5.3% 29.1% 73.4%
2005 22.5% 6.85% 29.1% 85.7%
2004 24.2% 9.71% 28.5% 92.7%
2003 21.7% 10.7% 28.1% 108.2%
2002 23.1% 11.9% 29.3% 107.9%
2001 16.8% 13% 28.1% 108.2%
2000 18.2% 13.1% 30.2% 123.3%
1999 19.5% 25.4% 35.9% 119.6%
1998 18.7% 14.3% 35.9% 85.1%
1997 18.5% 11.4% 31.2% 64.8%
1996 19.8% 16.7% 28.6% 57.7%
1995 18.9% 19.2% 37.9% 52.4%
1994 14.7% 11.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1994–1999, retrieved 2026-07-08).

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

In 2025, Azerbaijan's government spending was $26.3B, accounting for 34.6% of its GDP, while Kyrgyzstan spent $8.69B, or 38.4% of GDP.

Debt-to-GDP ratio is 20.1% in Azerbaijan and 36% in Kyrgyzstan, ranking 174/185 and 141/185, respectively.

Government deficit by year

Deficit/surplus
Azerbaijan

Kyrgyzstan
1x
Year Deficit/surplus, % of GDP
Azerbaijan Kyrgyzstan
2025 2.56% -0.07%
2024 4.05% 1.71%
2023 7.92% 1.59%
2022 5.96% -0.29%
2021 4.21% -0.71%
2020 -6.44% -3.06%
2019 8.95% -0.07%
2018 5.43% -0.59%
2017 -1.34% -3.73%
2016 -1.17% -5.79%
2015 -4.83% -2.52%
2014 2.74% -3.07%
2013 1.64% -3.7%
2012 3.71% -5.86%
2011 10.9% -4.7%
2010 13.8% -5.95%
2009 5.86% 0.38%
2008 17.2% 1.92%
2007 2.34% 1.28%
2006 0.66% -2.1%
2005 2.74% -3.79%
2004 1.78% -4.89%
2003 1.6% -5.17%
2002 19.4% -5.9%
2001 21.8% -6.75%
2000 0.14% -10.7%
1999 -1.03% -13.5%
1998 1.63% -12%
1997 -0.94% -9.31%
1996 -2.25% -9.1%
1995 -1.34% -13.5%
1994 3.21% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08).

GeoRank.org/economy/azerbaijan/kyrgyzstan | 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 Kyrgyzstan's deficit of $15.1M, or 0.07% of GDP.

Over the past 31 years, Azerbaijan recorded a fiscal deficit in 8 of those years, while Kyrgyzstan ran a deficit in 26 years. On average, Azerbaijan posted an annual surplus equal to 4.12% of GDP, compared to deficit of 4.19% of GDP for Kyrgyzstan.

Inflation comparison by year

Inflation
Azerbaijan

Kyrgyzstan
1x
Year Consumer prices inflation
Azerbaijan Kyrgyzstan
2025 5.62% 8.2%
2024 2.21% 5%
2023 8.79% 10.8%
2022 13.9% 13.9%
2021 6.65% 11.9%
2020 2.76% 6.3%
2019 2.61% 1.1%
2018 2.27% 1.5%
2017 12.9% 3.2%
2016 12.4% 0.4%
2015 4.03% 6.5%
2014 1.37% 7.5%
2013 2.42% 6.6%
2012 1.07% 2.8%
2011 7.86% 16.6%
2010 5.73% 8%
2009 1.46% 6.8%
2008 20.8% 24.5%
2007 16.7% 10.2%
2006 8.33% 5.6%
2005 9.68% 4.3%
2004 6.71% 4.1%
2003 2.23% 3%
2002 2.77% 2.1%
2001 1.55% 6.9%
2000 1.81% 19.7%
1999 -8.53% 35.9%
1998 -0.77% 10.5%
1997 3.67% 23.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Azerbaijan has recorded an average annual inflation rate of 5.49%, compared with 9.22% in Kyrgyzstan. In 2025, inflation was 5.62% in Azerbaijan and 8.2% in Kyrgyzstan.

Top exports between countries

Azerbaijan
Export category Export value
Machinery & equipment $15.5M
Raw materials & minerals $3.76M
Processed food, beverages & tobacco $1.74M
Chemicals & pharma $1.58M
Textiles & consumer goods $467K
Raw agricultural goods $420K
Animal & marine products $139K
Precious metals & jewellery $33K
Miscellaneous $17K
Metals $9K
Kyrgyzstan
Export category Export value
Raw agricultural goods $5.01M
Miscellaneous $1.41M
Machinery & equipment $1.38M
Textiles & consumer goods $907K
Raw materials & minerals $626K
Processed food, beverages & tobacco $586K
Chemicals & pharma $134K
Metals $59K
Wood & paper products $24K
Animal & marine products $4K

Balance of trade

Azerbaijan Kyrgyzstan
Current account balance
$3.48B
2025
-$4.11B
2024
Current account balance ranking
35/190
2025
159/190
2024
Current account balance, % of GDP
+4.58%
2025
-22.6%
2024
Goods imports
$17.7B
2025
$11.7B
2024
Goods exports
$24.1B
2025
$5.14B
2024
Service imports
$10.3B
2025
$3.43B
2024
Service exports
$8.6B
2025
$3.32B
2024
Imports of goods and services, % of GDP
36.8%
2025
65.6%
2025
Exports of goods and services, % of GDP
43%
2025
26.8%
2025

Economic freedom indices

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

Azerbaijan Kyrgyzstan
Economic freedom 64.3 56
Economic freedom ranking 74/197 126/197
Property rights 53.3 22.9
Government integrity 23.6 23.9
Judicial effectiveness 16.5 8.3
Tax burden 87.9 93.2
Government spending 71.3 65.6
Fiscal health 99.1 97.2
Business freedom 71.2 58.2
Labor freedom 56.9 52.3
Monetary freedom 76 68
Trade freedom 75.8 72.6
Investment freedom 70 60
Financial freedom 70 50

Economic freedom comparison by year

Azerbaijan
Kyrgyzstan
1x
Year Economic freedom index
Azerbaijan Kyrgyzstan
2026 64.3 56
2025 62.5 55.6
2024 61.6 55.2
2023 61.4 55.8
2022 61.6 55.8
2021 70.1 63.7
2020 69.3 62.9
2019 65.4 62.3
2018 64.3 62.8
2017 63.6 61.1
2016 60.2 59.6
2015 61 61.3
2014 61.3 61.1
2013 59.7 59.6
2012 58.9 60.2
2011 59.7 61.1
2010 58.8 61.3
2009 58 61.8
2008 55.3 61.1
2007 54.6 60.2
2006 53.2 61
2005 54.4 56.6
2004 53.4 58
2003 54.1 56.8
2002 53.3 51.7
2001 50.3 53.7
2000 49.8 55.7
1999 47.4 54.8
1998 43.1 51.8
1997 34 -
1996 30 -

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

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

The Economic Freedom Index for Azerbaijan is 64.3, ranking 74/197, compared to 56 for Kyrgyzstan, ranking 126/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Azerbaijan Kyrgyzstan
Services, % of GDP
45.3%
2025
51.2%
2025
Industry, % of GDP
39.5%
2025
26.5%
2025
Agriculture, forestry, and fishing, % of GDP
5.93%
2025
8%
2025
GNI, Atlas method
$75.4B
2025
$20.6B
2025
GNI per capita, PPP
$25,430
2025
$9,120
2025
Total reserves including gold
$13.6B
2025
$5.09B
2024
Total reserves ranking
74/177
2025
103/177
2024
Net foreign direct investment
$536M
2025
-$238M
2024
Net inflows of foreign direct investment
$231M
2024
$255M
2024
Net outflows of foreign direct investment
$742M
2024
$17.4M
2024
Servicing debt to the IMF, % of GNI
5.82%
2024
4.56%
2024
Poverty at national poverty lines
6%
2012
25.7%
2024
Gross capital formation, % of GDP
18.9%
2025
28%
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/kyrgyzstan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, 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 (2021–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1994–1999, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.