Skip to content

Economy of Azerbaijan vs Saint Kitts and Nevis compared: GDP & Debt

Updated on by Georank team

Azerbaijan has a GDP of $74.3B compared to $1.12B for Saint Kitts and Nevis, ranking 84/197 and 187/197 by economy size, respectively.

Azerbaijan has $16.1B in government debt (21.7% of GDP), compared to $604M (53.8% of GDP) in Saint Kitts and Nevis.

Azerbaijan vs Saint Kitts and Nevis GDP by year

Azerbaijan
Saint Kitts and Nevis
1x
Year GDP, current $
Azerbaijan Saint Kitts
2024 $74,315,882,353 $1,122,388,889
2023 $72,428,470,588 $1,055,651,852
2022 $78,807,470,588 $981,429,630
2021 $54,825,411,765 $858,622,222
2020 $42,693,000,000 $883,922,222
2019 $48,174,235,294 $1,107,855,556
2018 $47,112,470,052 $1,076,548,148
2017 $40,866,627,352 $1,056,977,778
2016 $37,866,996,883 $1,006,818,519
2015 $53,076,235,355 $957,222,222
2014 $75,239,785,452 $952,111,111
2013 $74,160,560,124 $874,548,148
2012 $69,679,944,504 $824,585,185
2011 $65,952,796,428 $836,092,593
2010 $52,909,294,792 $778,718,519
2009 $44,292,427,185 $774,274,074
2008 $48,851,293,785 $777,692,593
2007 $33,049,419,431 $689,285,185
2006 $20,981,929,498 $644,414,815
2005 $13,245,421,881 $547,203,704
2004 $8,680,405,741 $506,900,000
2003 $7,276,413,079 $469,869,870
2002 $6,236,087,738 $481,077,374
2001 $5,707,616,204 $458,643,829
2000 $5,272,615,723 $421,695,770
1999 $4,581,248,567 $406,595,484
1998 $4,446,368,571 $383,257,331
1997 $3,962,362,387 $374,641,308
1996 $3,176,507,376 $333,944,444
1995 $2,417,331,193 $313,485,185
1994 $1,193,141,110 $295,159,259
1993 $1,570,392,598 $263,755,556
1992 $444,658,672 $242,137,037
1991 $5,344,000,000 $220,540,741
1990 $8,884,848,485 $217,259,259
1989 - $192,518,519
1988 - $172,692,593
1987 - $147,748,148
1986 - $130,685,185
1985 - $111,007,407
1984 - $98,603,704
1983 - $86,874,074
1982 - $86,022,222
1981 - $80,888,889
1980 - $68,459,259
1979 - $58,840,741
1978 - $49,433,333
1977 - $44,496,296
1976 - $30,095,602
1975 - $33,364,055
1974 - $31,514,856
1973 - $24,196,018
1972 - $22,944,849
1971 - $19,624,746
1970 - $16,300,000
1969 - $15,850,000
1968 - $14,600,000
1967 - $16,742,338
1966 - $14,469,078
1965 - $13,593,932
1964 - $13,416,633
1963 - $12,833,301
1962 - $12,541,635
1961 - $12,483,302
1960 - $12,366,636

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

GeoRank.org/economy/azerbaijan/saint-kitts-and-nevis | CC BY

GDP per capita in Azerbaijan vs Saint Kitts and Nevis by year

Azerbaijan
GDP per capita

GDP per capita, PPP
Saint Kitts and Nevis
GDP per capita

GDP per capita, PPP
1x
Year Current $
Azerbaijan Saint Kitts
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,284 $25,089 $23,961 $34,847
2023 $7,133 $23,652 $22,577 $33,980
2022 $7,771 $22,552 $21,012 $31,871
2021 $5,408 $20,111 $18,361 $26,897
2020 $4,230 $15,164 $18,859 $27,326
2019 $4,806 $16,675 $23,595 $32,482
2018 $4,740 $15,283 $22,901 $30,795
2017 $4,147 $14,316 $22,465 $29,579
2016 $3,881 $14,536 $21,388 $28,215
2015 $5,501 $15,075 $20,329 $26,877
2014 $7,891 $17,564 $20,219 $26,756
2013 $7,875 $17,268 $18,580 $24,624
2012 $7,496 $15,994 $17,532 $23,458
2011 $7,190 $14,805 $17,832 $24,550
2010 $5,844 $14,930 $16,623 $23,691
2009 $4,950 $14,246 $16,503 $23,385
2008 $5,574 $13,217 $16,605 $24,102
2007 $3,851 $11,974 $14,758 $21,301
2006 $2,473 $9,398 $13,838 $20,676
2005 $1,578 $6,855 $11,784 $19,500
2004 $1,045 $5,248 $10,945 $17,276
2003 $884 $4,718 $10,176 $16,226
2002 $763 $4,230 $10,454 $16,619
2001 $704 $3,835 $10,023 $16,235
2000 $655 $3,439 $9,320 $15,256
1999 $574 $3,052 $9,116 $13,754
1998 $562 $2,827 $8,711 $13,319
1997 $506 $2,565 $8,627 $13,409
1996 $409 $2,407 $7,788 $12,498
1995 $315 $2,357 $7,406 $11,747
1994 $157.1 $2,648 $7,065 $11,062
1993 $209.5 $3,272 $6,395 $10,418
1992 $60.2 $4,220 $5,947 $9,652
1991 $735 $5,412 $5,465 $9,131
1990 $1,238 $5,343 $5,373 $8,983
1989 - - $4,723 -
1988 - - $4,206 -
1987 - - $3,573 -
1986 - - $3,140 -
1985 - - $2,651 -
1984 - - $2,341 -
1983 - - $2,052 -
1982 - - $2,023 -
1981 - - $1,894 -
1980 - - $1,598 -
1979 - - $1,367 -
1978 - - $1,144 -
1977 - - $1,026 -
1976 - - $692 -
1975 - - $765 -
1974 - - $721 -
1973 - - $551 -
1972 - - $521 -
1971 - - $444 -
1970 - - $365 -
1969 - - $347 -
1968 - - $309 -
1967 - - $344 -
1966 - - $290 -
1965 - - $265.8 -
1964 - - $256.4 -
1963 - - $240.1 -
1962 - - $230.3 -
1961 - - $225.6 -
1960 - - $221.6 -

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

GeoRank.org/economy/azerbaijan/saint-kitts-and-nevis | CC BY

Azerbaijan's GDP per capita is $7,284, ranking 101/197, compared to $23,961 in Saint Kitts and Nevis, ranking 51/197. Adjusted for purchasing power (GDP per capita PPP), Azerbaijan ranks 82nd at $25,089, while Saint Kitts and Nevis ranks 64th at $34,847.

Economic indicators

Azerbaijan Saint Kitts
Gross domestic product
$74.3B
2024
$1.12B
2024
GDP rank
84/197
2024
187/197
2024
GDP growth
4.07%
2023-2024
0.31%
2023-2024
GDP per capita
$7,284
2024
$23,961
2024
GDP per capita rank
101/197
2024
51/197
2024
GDP per capita, PPP
$25,089
2024
$34,847
2024
GDP per capita PPP rank
82/197
2024
64/197
2024
Government debt
$16.1B
2024
$604M
2024
Debt-to-GDP ratio
21.7%
2024
53.8%
2024
Government debt per person
$1,579
2024
$12,897
2024
Government debt per person rank
128/185
2024
44/185
2024
Average annual personal income after taxes
$6,324
2026
$13,301
2026
Market capitalization of domestic companies
$1.64B
2024
n/a
Income share by richest 10%
24.2%
2005
n/a
Income share by poorest 10%
4.8%
2005
n/a
Government expenditure, % of GDP
33.9%
2024
43.2%
2024
Consumer prices inflation
2.21%
2023-2024
1.1%
2023-2024
Central bank interest rate
7%
2025
n/a
Unemployment rate
5.65%
2022
5.12%
2001
Population
10338778
47017

Spending and national debt comparison by year

Azerbaijan
Spending

Debt
Saint Kitts and Nevis
Spending

Debt
1x
Year % of GDP
Azerbaijan Saint Kitts
Government spending Government debt Government spending Government debt
2024 33.9% 21.7% 43.2% 53.8%
2023 32.7% 21.8% 43.1% 55.7%
2022 26.2% 17.3% 49.5% 60.3%
2021 32.2% 26.3% 41.2% 69.1%
2020 40.2% 21.3% 36.5% 68%
2019 32.5% 17.7% 37.2% 54.3%
2018 33.2% 18.7% 33.7% 53.9%
2017 35.6% 22.5% 25.5% 56.2%
2016 35.4% 20.6% 26.1% 57.4%
2015 38.7% 18% 29% 62.2%
2014 36.4% 8.53% 28% 69.3%
2013 37.8% 6.18% 28.6% 91.5%
2012 36.6% 5.83% 27.2% 121.4%
2011 33.7% 4.97% 30.3% 127.1%
2010 32% 4.98% 31.2% 134.9%
2009 34.5% 4.73% 30.4% 129.1%
2008 31.4% 3.22% 29.5% 123.4%
2007 26.1% 4% 32.2% 135.4%
2006 25.3% 5.3% 32.5% 140.3%
2005 22.5% 6.85% 34.7% 130.1%
2004 24.2% 9.71% 33.7% 153.1%
2003 21.7% 10.7% 30.9% 140.7%
2002 23.1% 11.9% 35.4% 119.7%
2001 16.8% 13% 30.9% 105.2%
2000 18.2% 13.1% 34.6% 96.5%
1999 19.5% 25.4% 33.6% 89.2%
1998 18.7% 14.3% 29.1% 79%
1997 18.5% 11.4% 26.3% 67.2%
1996 19.8% 16.7% 26.8% 50.7%
1995 18.9% 19.2% 23.7% -
1994 14.7% 11.7% 22.2% -
1993 - - 21.3% -
1992 - - 19.8% -
1991 - - 18.2% -
1990 - - 19.3% -

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

GeoRank.org/economy/azerbaijan/saint-kitts-and-nevis | CC BY

In 2024, Azerbaijan's government spending was $25.2B, accounting for 33.9% of its GDP, while Saint Kitts and Nevis spent $484M, or 43.2% of GDP.

Debt-to-GDP ratio is 21.7% in Azerbaijan and 53.8% in Saint Kitts and Nevis, ranking 174/185 and 97/185, respectively.

Government deficit by year

Deficit/surplus
Azerbaijan

Saint Kitts and Nevis
1x
Year Deficit/surplus, % of GDP
Azerbaijan Saint Kitts
2024 4.06% -11%
2023 7.92% -0.27%
2022 5.96% -4.16%
2021 4.21% 5.41%
2020 -6.44% -3.06%
2019 8.95% -0.7%
2018 5.43% 1.8%
2017 -1.34% 1.68%
2016 -1.17% 3.77%
2015 -4.83% 5.66%
2014 2.74% 8.52%
2013 1.64% 10.9%
2012 3.71% 4.32%
2011 10.9% 1.6%
2010 13.8% -4.15%
2009 5.86% -1.23%
2008 17.2% -1.57%
2007 2.34% -1.03%
2006 0.66% -1.37%
2005 2.74% -3.45%
2004 1.78% -6.6%
2003 1.6% -5.66%
2002 19.4% -11.7%
2001 21.8% -10.9%
2000 0.14% -13.3%
1999 -1.03% -11.1%
1998 1.63% -5.13%
1997 -0.94% -2.33%
1996 -2.25% -2.27%
1995 -1.34% 0.9%
1994 3.21% 0.79%
1993 - 0.24%
1992 - 0.5%
1991 - 0.92%
1990 - 0.62%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/azerbaijan/saint-kitts-and-nevis | 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 Saint Kitts and Nevis' deficit of $123M, or 11% of GDP.

Over the past 31 years, Azerbaijan recorded a fiscal deficit in 8 of those years, while Saint Kitts and Nevis ran a deficit in 20 years. On average, Azerbaijan posted an annual surplus equal to 4.14% of GDP, compared to deficit of 1.79% of GDP for Saint Kitts and Nevis.

Inflation comparison by year

Inflation
Azerbaijan

Saint Kitts and Nevis
1x
Year Consumer prices inflation
Azerbaijan Saint Kitts
2024 2.21% 1.1%
2023 8.79% 3.56%
2022 13.9% 2.67%
2021 6.65% 1.2%
2020 2.76% -1.17%
2019 2.61% -0.33%
2018 2.27% -1.04%
2017 12.9% 0.69%
2016 12.4% -0.69%
2015 4.03% -2.3%
2014 1.37% 0.25%
2013 2.42% 1.11%
2012 1.07% 0.82%
2011 7.86% 5.84%
2010 5.73% 0.85%
2009 1.46% 2.06%
2008 20.8% 5.3%
2007 16.7% 4.48%
2006 8.33% 8.49%
2005 9.68% 3.38%
2004 6.71% 2.31%
2003 2.23% 2.24%
2002 2.77% 2.04%
2001 1.55% 2.3%
2000 1.81% 2.15%
1999 -8.53% 3.36%
1998 -0.77% 3.45%
1997 3.67% 8.91%

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

GeoRank.org/economy/azerbaijan/saint-kitts-and-nevis | CC BY

Over the past 28 years, Azerbaijan has recorded an average annual inflation rate of 5.48%, compared with 2.25% in Saint Kitts and Nevis. In 2024, inflation was 2.21% in Azerbaijan and 1.1% in Saint Kitts and Nevis.

Balance of trade

Azerbaijan Saint Kitts
Current account balance
$4.67B
2024
-$169M
2024
Current account balance ranking
34/190
2024
96/190
2024
Current account balance, % of GDP
+6.29%
2024
-15.1%
2024
Goods imports
$17.2B
2024
$404M
2024
Goods exports
$26B
2024
$33.7M
2024
Service imports
$10.2B
2024
$239M
2024
Service exports
$8.12B
2024
$471M
2024
Imports of goods and services, % of GDP
36.8%
2024
n/a
Exports of goods and services, % of GDP
45.9%
2024
11%
2025

Economic freedom indices

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

Azerbaijan Saint Kitts
Economic freedom 64.3 62
Economic freedom ranking 74/197 90/197
Property rights 53.3 n/a
Government integrity 23.6 n/a
Judicial effectiveness 16.5 n/a
Tax burden 87.9 n/a
Government spending 71.3 n/a
Fiscal health 99.1 n/a
Business freedom 71.2 n/a
Labor freedom 56.9 n/a
Monetary freedom 76 n/a
Trade freedom 75.8 n/a
Investment freedom 70 n/a
Financial freedom 70 n/a

Other economic metrics

Azerbaijan Saint Kitts
Services, % of GDP
42.3%
2024
66.1%
2024
Industry, % of GDP
42.6%
2024
20.9%
2024
Agriculture, forestry, and fishing, % of GDP
5.66%
2024
1.29%
2024
GNI, Atlas method
$74.8B
2024
$1.05B
2024
GNI per capita, PPP
$24,220
2024
$34,460
2024
Total reserves including gold
$12.7B
2024
$295M
2024
Total reserves ranking
72/177
2024
168/177
2024
Net foreign direct investment
$511M
2024
-$19.5M
2024
Net inflows of foreign direct investment
$231M
2024
$42.1M
2024
Net outflows of foreign direct investment
$742M
2024
$8.97M
2024
Servicing debt to the IMF, % of GNI
5.83%
2024
n/a
Poverty at national poverty lines
6%
2012
n/a
Gross capital formation, % of GDP
21.1%
2024
n/a

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/saint-kitts-and-nevis | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. International Monetary Fund (IMF) | Public Finances in Modern History (1994, 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.