Azerbaijan vs Slovakia: Economic Indicators Comparison

Slovakia with a GDP of $105.9B ranked the 62nd largest economy in the world, while Azerbaijan ranked 88th with $46.9B. By GDP 5-years average growth and GDP per capita, Slovakia and Azerbaijan ranked 65th vs 164th and 47th vs 110th, respectively.

Gross Domestic Product & Income

StatAzerbaijanSlovakia
GDP$46.9B$105.9B
GDP growth, 1 year1.4%4.1%
GDP growth, 5-years average0.4%3.5%
Population10M5.4M
GDP per capita$4.7k$19k
GDP per capita growth0.51%3.89%
Purchasing Power Parity conversion factor0.440.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.260.58
GDP per capita, PPP adjusted$18k$35k
GNI, Atlas method$40.3B$99.5B
GNI per capita$4.1k$18k
GNI, PPP adjusted$170B$180.1B
GNI per capita, PPP adjusted$17k$33k

Financial system and Human development

StatAzerbaijanSlovakia
Income Tax Rate25%25%
Corporate Tax Rate20%21%
Inflation, consumer prices2.3%2.5%
Inflation, GDP deflator11.9%2%
Unemployment5.2%6.8%
Economic Freedom Index69.366.8
Personal Freedom Index6.738.87
Human Freedom Index6.448.29
Property Rights Index67.173.1
Judical Effectiveness Index53.941.7
Business Freedom Index80.855.3
Fiscal Health Index99.292.6
Labor Freedom Index66.252.6
Investment Freedom Index7075
Financial Freedom Index6070
Trade Freedom Index74.686.4
Monetary Freedom Index69.875.9
Government Spending Index6350.2
Tax Burden Index8878.5
Government Integrity Index38.749.7
Corruption Perceptions Index2550
Life expectancy at birth, years72.777.2
Suicide mortality rate, per 100,000 people2.612.8
Mortality caused by road traffic injury, per 100,000 people8.76.1
Intentional homicides, per 100,000 people21.5
International tourism, number of arrivals2.6M2.3M

Government debt & reserves

StatAzerbaijanSlovakia
Central government debt, % of GDP19.4%48.8%
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%5.6%
Gross savings, % of GDP33%22.1%
Gross capital formation, % of GDP20.1%23.4%
Total reserves including gold$6.7B$5.2B
Foreign direct investment net inflows$1.4B$2.6B

Exports, imports and economic structure

StatAzerbaijanSlovakia
Exports of goods and services, % of GDP54.3%96.1%
Imports of goods and services, % of GDP37.7%94.1%
Current account balance (balance of payments)$6.1B-$2.8B
Revenue excluding grants, % of GDP35.1%37.7%
Grants excluding technical cooperation, BoP$45.7M$183.9M
Personal remittances received$1.2B$2.1B
Industry including construction value added, % of GDP52.2%30.1%
Agriculture, forestry and fishing value added, % of GDP5.3%2.4%
Charges for the use of intellectual property, payments BoP$28.2M$749.1M
Charges for the use of intellectual property, receipts BoP$28k$55.5M
Expense, % of GDP28%39%
Government Expenditure, % of GDP35.1%40.8%

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

Slovakia vs

CountryGDP
per capita
Population
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
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
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
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M