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Economy of Azerbaijan vs Pakistan compared: GDP & Debt

Updated on by Georank

Azerbaijan has a GDP of $75.9B compared to $407B for Pakistan, ranking 87/197 and 41/197 by economy size, respectively.

Azerbaijan has $15.3B in government debt (20.1% of GDP), compared to $297B (72.8% of GDP) in Pakistan.

Azerbaijan vs Pakistan GDP by year

Azerbaijan
Pakistan
1x
Year GDP, current $
Azerbaijan Pakistan
2025 $75,937,647,059 $407,307,214,476
2024 $74,426,000,000 $371,747,087,751
2023 $72,428,470,588 $336,686,348,609
2022 $78,807,470,588 $374,890,295,667
2021 $54,825,411,765 $348,516,647,445
2020 $42,693,000,000 $300,425,609,818
2019 $48,174,235,294 $320,909,472,771
2018 $47,112,470,052 $356,128,166,705
2017 $40,866,627,352 $339,205,534,861
2016 $37,866,996,883 $313,630,000,130
2015 $53,076,235,355 $299,963,590,535
2014 $75,239,785,452 $271,390,474,858
2013 $74,160,560,124 $258,657,231,672
2012 $69,679,944,504 $250,106,966,105
2011 $65,952,796,428 $230,586,581,060
2010 $52,909,294,792 $196,709,621,850
2009 $44,292,427,185 $187,337,783,856
2008 $48,851,293,785 $202,203,748,584
2007 $33,049,419,431 $184,140,869,997
2006 $20,981,929,498 $161,871,385,506
2005 $13,245,421,881 $145,208,562,961
2004 $8,680,405,741 $132,216,048,339
2003 $7,276,413,079 $112,371,913,741
2002 $6,236,087,738 $97,923,302,809
2001 $5,707,616,204 $97,145,618,480
2000 $5,272,615,723 $99,484,802,345
1999 $4,581,248,567 $62,973,857,069
1998 $4,446,368,571 $62,191,955,814
1997 $3,962,362,387 $62,433,340,468
1996 $3,176,507,376 $63,320,170,084
1995 $2,417,331,193 $60,636,071,684
1994 $1,193,141,110 $52,293,470,813
1993 $1,570,392,598 $51,809,999,353
1992 $444,658,672 $48,884,671,947
1991 $5,344,000,000 $45,625,336,680
1990 $8,884,848,485 $40,010,423,970
1989 - $40,171,106,279
1988 - $38,472,742,808
1987 - $33,351,529,275
1986 - $31,899,070,056
1985 - $31,144,920,844
1984 - $31,151,825,467
1983 - $28,691,889,764
1982 - $30,725,971,564
1981 - $28,100,606,061
1980 - $23,654,444,444
1979 - $19,688,383,838
1978 - $17,811,515,152
1977 - $15,126,060,606
1976 - $13,168,080,808
1975 - $11,230,606,061
1974 - $8,899,191,919
1973 - $6,383,429,490
1972 - $9,415,016,360
1971 - $10,665,896,682
1970 - $10,027,509,450
1969 - $8,683,116,338
1968 - $8,041,999,160
1967 - $7,464,510,710
1966 - $6,561,108,778
1965 - $5,929,231,415
1964 - $5,204,955,901
1963 - $4,630,827,383
1962 - $4,310,163,797
1961 - $4,118,647,627
1960 - $3,749,265,015

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Azerbaijan vs Pakistan by year

Azerbaijan
GDP per capita

GDP per capita, PPP
Pakistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Azerbaijan Pakistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,411 - $1,596 -
2024 $7,295 $25,089 $1,479 $6,252
2023 $7,133 $23,652 $1,360 $6,014
2022 $7,771 $22,552 $1,538 $5,920
2021 $5,408 $20,111 $1,455 $5,367
2020 $4,230 $15,164 $1,278 $5,048
2019 $4,806 $16,675 $1,390 $5,038
2018 $4,740 $15,283 $1,569 $4,979
2017 $4,147 $14,316 $1,519 $4,790
2016 $3,881 $14,536 $1,425 $4,631
2015 $5,501 $15,075 $1,380 $4,480
2014 $7,891 $17,564 $1,267 $4,313
2013 $7,875 $17,268 $1,225 $4,174
2012 $7,496 $15,994 $1,204 $4,047
2011 $7,190 $14,805 $1,132 $3,880
2010 $5,844 $14,930 $987 $3,786
2009 $4,950 $14,246 $964 $3,777
2008 $5,574 $13,217 $1,067 $3,721
2007 $3,851 $11,974 $998 $3,672
2006 $2,473 $9,398 $901 $3,515
2005 $1,578 $6,855 $828 $3,293
2004 $1,045 $5,248 $772 $3,048
2003 $884 $4,718 $672 $2,822
2002 $763 $4,230 $600 $2,688
2001 $704 $3,835 $610 $2,644
2000 $655 $3,439 $642 $2,565
1999 $574 $3,052 $418 $2,475
1998 $562 $2,827 $424 $2,419
1997 $506 $2,565 $438 $2,398
1996 $409 $2,407 $457 $2,401
1995 $315 $2,357 $451 $2,315
1994 $157.1 $2,648 $400 $2,224
1993 $209.5 $3,272 $408 $2,160
1992 $60.2 $4,220 $396 $2,132
1991 $735 $5,412 $380 $1,992
1990 $1,238 $5,343 $344 $1,895
1989 - - $358 -
1988 - - $354 -
1987 - - $317 -
1986 - - $314 -
1985 - - $317 -
1984 - - $327 -
1983 - - $311 -
1982 - - $345 -
1981 - - $328 -
1980 - - $287.4 -
1979 - - $249.2 -
1978 - - $233.4 -
1977 - - $204.7 -
1976 - - $183.9 -
1975 - - $161.7 -
1974 - - $132 -
1973 - - $97.5 -
1972 - - $148.1 -
1971 - - $172.5 -
1970 - - $166.7 -
1969 - - $148.5 -
1968 - - $141.6 -
1967 - - $135.2 -
1966 - - $122.2 -
1965 - - $113.6 -
1964 - - $102.5 -
1963 - - $93.7 -
1962 - - $89.5 -
1961 - - $87.8 -
1960 - - $82 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Azerbaijan's GDP per capita is $7,411, ranking 101/197, compared to $1,596 in Pakistan, ranking 164/197. Adjusted for purchasing power (GDP per capita PPP), Azerbaijan ranks 82nd at $25,089, while Pakistan ranks 150th at $6,252.

Economic indicators

Azerbaijan Pakistan
Gross domestic product
$75.9B
2025
$407B
2025
GDP rank
87/197
2025
41/197
2025
GDP growth
1.45%
2024-2025
3.7%
2024-2025
GDP per capita
$7,411
2025
$1,596
2025
GDP per capita rank
101/197
2025
164/197
2025
GDP per capita, PPP
$25,089
2024
$6,252
2024
GDP per capita PPP rank
82/197
2024
150/197
2024
Government debt
$15.3B
2025
$297B
2025
Debt-to-GDP ratio
20.1%
2025
72.8%
2025
Government debt per person
$1,492
2025
$1,162
2025
Government debt per person rank
131/185
2025
138/185
2025
Average annual personal income after taxes
$6,426
2026
$1,775
2026
Market capitalization of domestic companies
$1.57B
2025
$70.3B
2025
Income share by richest 10%
24.2%
2005
27.7%
2024
Income share by poorest 10%
4.8%
2005
3.4%
2024
Government expenditure, % of GDP
34.6%
2025
21.2%
2025
Consumer prices inflation
5.62%
2024-2025
3.55%
2024-2025
Central bank interest rate
6.5%
2026
11.5%
2026
Unemployment rate
5.7%
2022
6.96%
2025
Population
10333222
261421997

Spending and national debt comparison by year

Azerbaijan
Spending

Debt
Pakistan
Spending

Debt
1x
Year % of GDP
Azerbaijan Pakistan
Government spending Government debt Government spending Government debt
2025 34.6% 20.1% 21.2% 72.8%
2024 33.9% 21.6% 19.4% 70.2%
2023 32.7% 21.8% 19.3% 78.5%
2022 26.2% 17.3% 20% 77.3%
2021 32.2% 26.3% 18.5% 74.7%
2020 40.2% 21.3% 20.3% 80.8%
2019 32.5% 17.7% 19.1% 78.7%
2018 33.2% 18.7% 19.1% 66.3%
2017 35.6% 22.5% 19.1% 62.1%
2016 35.4% 20.6% 17.7% 62.1%
2015 38.7% 18% 17.8% 59.1%
2014 36.4% 8.53% 18.1% 58.8%
2013 37.8% 6.18% 19.5% 59.2%
2012 36.6% 5.83% 19.4% 58.4%
2011 33.7% 4.97% 17.9% 56.2%
2010 32% 4.98% 18.3% 56.7%
2009 34.5% 4.73% 17.3% 54.6%
2008 31.4% 3.22% 18% 49.5%
2007 26.1% 4% 16.1% 44.2%
2006 25.3% 5.3% 14.5% 46.2%
2005 22.5% 6.85% 13% 47.9%
2004 24.2% 9.71% 12.1% 50.6%
2003 21.7% 10.7% 12.9% 56.3%
2002 23.1% 11.9% 14.4% 60.5%
2001 16.8% 13% 12.9% 65.1%
2000 18.2% 13.1% 13.8% 61.7%
1999 19.5% 25.4% 13.2% 60.7%
1998 18.7% 14.3% 14.1% 53.8%
1997 18.5% 11.4% 13.7% 52.8%
1996 19.8% 16.7% 15% 52.5%
1995 18.9% 19.2% 14% 52.3%
1994 14.7% 11.7% 14.5% 58.5%
1993 - - 17% 57.9%
1992 - - 22.6% 53.3%
1991 - - 21.4% 55.8%
1990 - - 23.9% 48.3%
1989 - - 26.1% 46.6%
1988 - - 27.9% 45%
1987 - - 29.5% 44.4%
1986 - - 27.6% 43.1%
1985 - - 28.3% 37%
1984 - - 25.4% 33.4%
1983 - - 24.8% 33.6%
1982 - - 24.5% 33.8%
1981 - - 21.6% 29.7%
1980 - - 22% 33.3%
1979 - - 25.3% 36.8%
1978 - - 25.5% 36.1%
1977 - - 20.4% 36.4%
1976 - - 21% 35.8%
1975 - - 20.4% 32.1%
1974 - - 15.3% 38%
1973 - - 13.9% 43.4%
1972 - - 13.5% 88.7%
1971 - - 22.1% 33.2%
1970 - - 23.6% 31.6%
1969 - - 15.6% 29.1%
1968 - - 13.7% 27.5%
1967 - - 12.9% 25.9%
1966 - - 12.2% 25.1%
1965 - - 11.2% 22.7%
1964 - - 12.1% 21.3%
1963 - - 14.7% 19.2%
1962 - - 11.8% 16.6%
1961 - - 10.6% 19.6%
1960 - - 10% 19.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-07-08).

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

In 2025, Azerbaijan's government spending was $26.3B, accounting for 34.6% of its GDP, while Pakistan spent $86.4B, or 21.2% of GDP.

Debt-to-GDP ratio is 20.1% in Azerbaijan and 72.8% in Pakistan, ranking 174/185 and 53/185, respectively.

Government deficit by year

Deficit/surplus
Azerbaijan

Pakistan
1x
Year Deficit/surplus, % of GDP
Azerbaijan Pakistan
2025 2.56% -5.37%
2024 4.05% -6.79%
2023 7.92% -7.76%
2022 5.96% -7.84%
2021 4.21% -6.04%
2020 -6.44% -7.03%
2019 8.95% -7.79%
2018 5.43% -5.67%
2017 -1.34% -5.17%
2016 -1.17% -3.92%
2015 -4.83% -4.74%
2014 2.74% -4.37%
2013 1.64% -7.48%
2012 3.71% -7.74%
2011 10.9% -6.23%
2010 13.8% -5.42%
2009 5.86% -4.53%
2008 17.2% -5.94%
2007 2.34% -4.23%
2006 0.66% -2.79%
2005 2.74% -2.29%
2004 1.78% -1.29%
2003 1.6% -0.12%
2002 19.4% -2.64%
2001 21.8% -2.45%
2000 0.14% -3.21%
1999 -1.03% -3.07%
1998 1.63% -4.46%
1997 -0.94% -3.87%
1996 -2.25% -4.33%
1995 -1.34% -3.9%
1994 3.21% -3.63%
1993 - -5.53%
1992 - -11.3%
1991 - -10.8%
1990 - -11.9%
1989 - -7.01%
1988 - -9.35%
1987 - -11.7%
1986 - -9.79%
1985 - -10.6%
1984 - -8.9%
1983 - -7.55%
1982 - -8.24%
1981 - -5.83%
1980 - -5.32%
1979 - -11.6%
1978 - -12.4%
1977 - -8.74%
1976 - -9.05%
1975 - -8.97%
1974 - -4.45%
1973 - -3.99%
1972 - -3.16%
1971 - -7.45%
1970 - -10.8%
1969 - -7.08%
1968 - -5.56%
1967 - -4.27%
1966 - -4.48%
1965 - -3.28%
1964 - -4.89%
1963 - -6.55%
1962 - -3.39%
1961 - -4.6%
1960 - -3.83%
1959 - -3.71%
1958 - -4.2%
1957 - -2.21%
1956 - -2.36%
1955 - -2%
1954 - -3.18%
1953 - -2.66%
1952 - -0.73%
1951 - 0.63%
1950 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1992, retrieved 2026-07-08).

GeoRank.org/economy/azerbaijan/pakistan | 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 Pakistan's deficit of $21.9B, or 5.37% of GDP.

Over the past 32 years, Azerbaijan recorded a fiscal deficit in 8 of those years, while Pakistan ran a deficit in 32 years. On average, Azerbaijan posted an annual surplus equal to 4.09% of GDP, compared to deficit of 4.75% of GDP for Pakistan.

Inflation comparison by year

Inflation
Azerbaijan

Pakistan
1x
Year Consumer prices inflation
Azerbaijan Pakistan
2025 5.62% 3.55%
2024 2.21% 12.6%
2023 8.79% 30.8%
2022 13.9% 19.9%
2021 6.65% 9.5%
2020 2.76% 9.74%
2019 2.61% 10.6%
2018 2.27% 5.08%
2017 12.9% 4.09%
2016 12.4% 3.77%
2015 4.03% 2.53%
2014 1.37% 7.19%
2013 2.42% 7.69%
2012 1.07% 9.68%
2011 7.86% 11.9%
2010 5.73% 12.9%
2009 1.46% 13.6%
2008 20.8% 20.3%
2007 16.7% 7.6%
2006 8.33% 7.92%
2005 9.68% 9.06%
2004 6.71% 7.44%
2003 2.23% 2.91%
2002 2.77% 3.29%
2001 1.55% 3.15%
2000 1.81% 4.37%
1999 -8.53% 4.14%
1998 -0.77% 6.23%
1997 3.67% 11.4%

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

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

Over the past 29 years, Azerbaijan has recorded an average annual inflation rate of 5.49%, compared with 9.07% in Pakistan. In 2025, inflation was 5.62% in Azerbaijan and 3.55% in Pakistan.

Top exports between countries

Azerbaijan
Export category Export value
Raw materials & minerals $6.01M
Animal & marine products $54K
Processed food, beverages & tobacco $40K
Raw agricultural goods $37K
Machinery & equipment $21K
Textiles & consumer goods $8K
Precious metals & jewellery $3K
Chemicals & pharma $2K
Wood & paper products $2K
Pakistan
Export category Export value
Raw agricultural goods $7.17M
Chemicals & pharma $1.95M
Textiles & consumer goods $794K
Raw materials & minerals $345K
Machinery & equipment $293K
Processed food, beverages & tobacco $120K
Metals $86K
Animal & marine products $49K
Weapons & explosives $44K
Wood & paper products $20K

Balance of trade

Azerbaijan Pakistan
Current account balance
$3.48B
2025
-$448M
2025
Current account balance ranking
35/190
2025
102/190
2025
Current account balance, % of GDP
+4.58%
2025
-0.11%
2025
Goods imports
$17.7B
2025
$62.6B
2025
Goods exports
$24.1B
2025
$31.5B
2025
Service imports
$10.3B
2025
$12B
2025
Service exports
$8.6B
2025
$9.09B
2025
Imports of goods and services, % of GDP
36.8%
2025
17.2%
2025
Exports of goods and services, % of GDP
43%
2025
9.99%
2025

Economic freedom indices

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

Azerbaijan Pakistan
Economic freedom 64.3 48.9
Economic freedom ranking 74/197 168/197
Property rights 53.3 25.7
Government integrity 23.6 26.3
Judicial effectiveness 16.5 27.6
Tax burden 87.9 78.2
Government spending 71.3 88.5
Fiscal health 99.1 10.1
Business freedom 71.2 54.4
Labor freedom 56.9 51.7
Monetary freedom 76 54.1
Trade freedom 75.8 70.4
Investment freedom 70 60
Financial freedom 70 40

Economic freedom comparison by year

Azerbaijan
Pakistan
1x
Year Economic freedom index
Azerbaijan Pakistan
2026 64.3 48.9
2025 62.5 49.1
2024 61.6 49.5
2023 61.4 49.4
2022 61.6 48.8
2021 70.1 51.7
2020 69.3 54.8
2019 65.4 55
2018 64.3 54.4
2017 63.6 52.8
2016 60.2 55.9
2015 61 55.6
2014 61.3 55.2
2013 59.7 55.1
2012 58.9 54.7
2011 59.7 55.1
2010 58.8 55.2
2009 58 57
2008 55.3 55.6
2007 54.6 57.2
2006 53.2 57.9
2005 54.4 53.3
2004 53.4 54.9
2003 54.1 55
2002 53.3 55.8
2001 50.3 56
2000 49.8 56.4
1999 47.4 53
1998 43.1 53.2
1997 34 56
1996 30 58.4
1995 - 57.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Azerbaijan is 64.3, ranking 74/197, compared to 48.9 for Pakistan, ranking 168/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Azerbaijan Pakistan
Services, % of GDP
45.3%
2025
50.9%
2025
Industry, % of GDP
39.5%
2025
20.1%
2025
Agriculture, forestry, and fishing, % of GDP
5.93%
2025
23%
2025
GNI, Atlas method
$75.4B
2025
$382B
2025
GNI per capita, PPP
$25,430
2025
$6,430
2025
Total reserves including gold
$13.6B
2025
$26.5B
2025
Total reserves ranking
74/177
2025
62/177
2025
Net foreign direct investment
$536M
2025
-$1.58B
2025
Net inflows of foreign direct investment
$231M
2024
$2.66B
2024
Net outflows of foreign direct investment
$742M
2024
$84M
2024
Servicing debt to the IMF, % of GNI
5.82%
2024
4.5%
2024
Poverty at national poverty lines
6%
2012
21.9%
2018
Gross capital formation, % of GDP
18.9%
2025
14.3%
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/pakistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1994, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, 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.