Azerbaijan vs Saudi Arabia: Economic Indicators Comparison

Saudi Arabia with a GDP of $786.5B ranked the 18th largest economy in the world, while Azerbaijan ranked 88th with $46.9B. By GDP 5-years average growth and GDP per capita, Saudi Arabia and Azerbaijan ranked 124th vs 164th and 41st vs 110th, respectively.

Gross Domestic Product & Income

StatAzerbaijanSaudi Arabia
GDP$46.9B$786.5B
GDP growth, 1 year1.4%2.2%
GDP growth, 5-years average0.4%2.2%
Population10M33M
GDP per capita$4.7k$23k
GDP per capita growth0.51%0.61%
Purchasing Power Parity conversion factor0.441.58
Price level ratio of PPP conversion factor GDP to market exchange rate0.260.42
GDP per capita, PPP adjusted$18k$56k
GNI, Atlas method$40.3B$727.8B
GNI per capita$4.1k$22k
GNI, PPP adjusted$170B$1.9T
GNI per capita, PPP adjusted$17k$56k

Financial system and Human development

StatAzerbaijanSaudi Arabia
Income Tax Rate25%2.5%
Corporate Tax Rate20%2.5%
Inflation, consumer prices2.3%2.5%
Inflation, GDP deflator11.9%11.5%
Unemployment5.2%5.9%
Economic Freedom Index69.362.4
Personal Freedom Index6.734.65
Human Freedom Index6.445.66
Property Rights Index67.164.6
Judical Effectiveness Index53.972.3
Business Freedom Index80.866.6
Fiscal Health Index99.219.3
Labor Freedom Index66.263.3
Investment Freedom Index7045
Financial Freedom Index6050
Trade Freedom Index74.675.4
Monetary Freedom Index69.881
Government Spending Index6361.8
Tax Burden Index8899.8
Government Integrity Index38.749.6
Corruption Perceptions Index2549
Life expectancy at birth, years72.774.9
Suicide mortality rate, per 100,000 people2.63.2
Mortality caused by road traffic injury, per 100,000 people8.728.8
Intentional homicides, per 100,000 people21.3
International tourism, number of arrivals2.6M15.3M

Government debt & reserves

StatAzerbaijanSaudi Arabia
Central government debt, % of GDP19.4%19.1%
External debt stocks, % of GNI36.4%N/A
External debt stocks$16.2BN/A
Short-term debt, % of total reserves8.5%N/A
Total debt service, % of exports and primary income10.5%N/A
Adjusted net savings including particulate emission damage, % of GNI9.5%13.4%
Gross savings, % of GDP33%33.2%
Gross capital formation, % of GDP20.1%24.2%
Total reserves including gold$6.7B$509.5B
Foreign direct investment net inflows$1.4B$4.2B

Exports, imports and economic structure

StatAzerbaijanSaudi Arabia
Exports of goods and services, % of GDP54.3%39.9%
Imports of goods and services, % of GDP37.7%26.7%
Current account balance (balance of payments)$6.1B$70.6B
Revenue excluding grants, % of GDP35.1%26.8%
Grants excluding technical cooperation, BoP$45.7M$290k
Personal remittances received$1.2B$334.9M
Industry including construction value added, % of GDP52.2%49.5%
Agriculture, forestry and fishing value added, % of GDP5.3%2.2%
Charges for the use of intellectual property, payments BoP$28.2MN/A
Charges for the use of intellectual property, receipts BoP$28kN/A
Expense, % of GDP28%28%
Government Expenditure, % of GDP35.1%35.7%

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

Saudi Arabia vs

CountryGDP
per capita
Population
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M