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Economy of Azerbaijan vs South Sudan compared: GDP & Debt

Updated on by Georank team

Azerbaijan has a GDP of $74.3B compared to $12B for South Sudan, ranking 84/197 and 149/197 by economy size, respectively.

Azerbaijan has $16.1B in government debt (21.7% of GDP), compared to $7.04B (50.7% of GDP) in South Sudan.

Azerbaijan vs South Sudan GDP by year

Azerbaijan
South Sudan
1x
Year GDP, current $
Azerbaijan South Sudan
2024 $74,315,882,353 -
2023 $72,428,470,588 -
2022 $78,807,470,588 -
2021 $54,825,411,765 -
2020 $42,693,000,000 -
2019 $48,174,235,294 -
2018 $47,112,470,052 -
2017 $40,866,627,352 -
2016 $37,866,996,883 -
2015 $53,076,235,355 $11,997,800,760
2014 $75,239,785,452 $13,962,212,847
2013 $74,160,560,124 $18,426,469,017
2012 $69,679,944,504 $11,931,472,169
2011 $65,952,796,428 $14,907,308,933
2010 $52,909,294,792 $14,602,072,411
2009 $44,292,427,185 $12,231,264,525
2008 $48,851,293,785 $14,586,253,383
2007 $33,049,419,431 -
2006 $20,981,929,498 -
2005 $13,245,421,881 -
2004 $8,680,405,741 -
2003 $7,276,413,079 -
2002 $6,236,087,738 -
2001 $5,707,616,204 -
2000 $5,272,615,723 -
1999 $4,581,248,567 -
1998 $4,446,368,571 -
1997 $3,962,362,387 -
1996 $3,176,507,376 -
1995 $2,417,331,193 -
1994 $1,193,141,110 -
1993 $1,570,392,598 -
1992 $444,658,672 -
1991 $5,344,000,000 -
1990 $8,884,848,485 -

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

GeoRank.org/economy/azerbaijan/south-sudan | CC BY

GDP per capita in Azerbaijan vs South Sudan by year

Azerbaijan
GDP per capita

GDP per capita, PPP
South Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Azerbaijan South Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,284 $25,089 - -
2023 $7,133 $23,652 - -
2022 $7,771 $22,552 - -
2021 $5,408 $20,111 - -
2020 $4,230 $15,164 - -
2019 $4,806 $16,675 - -
2018 $4,740 $15,283 - -
2017 $4,147 $14,316 - -
2016 $3,881 $14,536 - -
2015 $5,501 $15,075 $1,080 $1,155
2014 $7,891 $17,564 $1,243 $1,373
2013 $7,875 $17,268 $1,650 $1,917
2012 $7,496 $15,994 $1,109 $1,417
2011 $7,190 $14,805 $1,449 $2,718
2010 $5,844 $14,930 $1,498 $2,948
2009 $4,950 $14,246 $1,323 $2,911
2008 $5,574 $13,217 $1,654 $2,887
2007 $3,851 $11,974 - -
2006 $2,473 $9,398 - -
2005 $1,578 $6,855 - -
2004 $1,045 $5,248 - -
2003 $884 $4,718 - -
2002 $763 $4,230 - -
2001 $704 $3,835 - -
2000 $655 $3,439 - -
1999 $574 $3,052 - -
1998 $562 $2,827 - -
1997 $506 $2,565 - -
1996 $409 $2,407 - -
1995 $315 $2,357 - -
1994 $157.1 $2,648 - -
1993 $209.5 $3,272 - -
1992 $60.2 $4,220 - -
1991 $735 $5,412 - -
1990 $1,238 $5,343 - -

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

GeoRank.org/economy/azerbaijan/south-sudan | CC BY

Azerbaijan's GDP per capita is $7,284, ranking 101/197, compared to $1,080 in South Sudan, ranking 175/197. Adjusted for purchasing power (GDP per capita PPP), Azerbaijan ranks 82nd at $25,089, while South Sudan ranks 197th at $1,155.

Economic indicators

Azerbaijan South Sudan
Gross domestic product
$74.3B
2024
$12B
2015
GDP rank
84/197
2024
149/197
2015
GDP growth
4.07%
2023-2024
-10.8%
2014-2015
GDP per capita
$7,284
2024
$1,080
2015
GDP per capita rank
101/197
2024
175/197
2015
GDP per capita, PPP
$25,089
2024
$1,155
2015
GDP per capita PPP rank
82/197
2024
197/197
2015
Government debt
$16.1B
2024
$7.04B
2015
Debt-to-GDP ratio
21.7%
2024
50.7%
2024
Government debt per person
$1,579
2024
$633
2015
Government debt per person rank
128/185
2024
158/185
2015
Average annual personal income after taxes
$6,324
2026
$1,305
2026
Market capitalization of domestic companies
$1.64B
2024
n/a
Income share by richest 10%
24.2%
2005
33%
2016
Income share by poorest 10%
4.8%
2005
1.8%
2016
Government expenditure, % of GDP
33.9%
2024
18.1%
2024
Consumer prices inflation
2.21%
2023-2024
91.4%
2023-2024
Central bank interest rate
7%
2025
15%
2023
Unemployment rate
5.65%
2022
12.3%
2008
Population
10338778
12507858

Spending and national debt comparison by year

Azerbaijan
Spending

Debt
South Sudan
Spending

Debt
1x
Year % of GDP
Azerbaijan South Sudan
Government spending Government debt Government spending Government debt
2024 33.9% 21.7% 18.1% 50.7%
2023 32.7% 21.8% 21.4% 51.9%
2022 26.2% 17.3% 29.4% 37.3%
2021 32.2% 26.3% 44.1% 50.2%
2020 40.2% 21.3% 34.1% 49%
2019 32.5% 17.7% 47.9% 43.1%
2018 33.2% 18.7% 54.5% 77.6%
2017 35.6% 22.5% 97% 178.3%
2016 35.4% 20.6% 66.5% 164.7%
2015 38.7% 18% 34% 58.6%
2014 36.4% 8.53% 35.8% 37.7%
2013 37.8% 6.18% 25.3% 17.6%
2012 36.6% 5.83% 31.6% 8.91%
2011 33.7% 4.97% 20.8% -
2010 32% 4.98% - -
2009 34.5% 4.73% - -
2008 31.4% 3.22% - -
2007 26.1% 4% - -
2006 25.3% 5.3% - -
2005 22.5% 6.85% - -
2004 24.2% 9.71% - -
2003 21.7% 10.7% - -
2002 23.1% 11.9% - -
2001 16.8% 13% - -
2000 18.2% 13.1% - -
1999 19.5% 25.4% - -
1998 18.7% 14.3% - -
1997 18.5% 11.4% - -
1996 19.8% 16.7% - -
1995 18.9% 19.2% - -
1994 14.7% 11.7% - -

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

GeoRank.org/economy/azerbaijan/south-sudan | CC BY

In 2024, Azerbaijan's government spending was $25.2B, accounting for 33.9% of its GDP, while South Sudan spent $4.08B, or 18.1% of GDP.

Debt-to-GDP ratio is 21.7% in Azerbaijan and 50.7% in South Sudan, ranking 174/185 and 105/185, respectively.

Government deficit by year

Deficit/surplus
Azerbaijan

South Sudan
1x
Year Deficit/surplus, % of GDP
Azerbaijan South Sudan
2024 4.06% 11.7%
2023 7.92% 8.04%
2022 5.96% 4.48%
2021 4.21% -9.3%
2020 -6.44% -5.5%
2019 8.95% 0.04%
2018 5.43% -1.06%
2017 -1.34% 9.56%
2016 -1.17% -19.8%
2015 -4.83% -16.4%
2014 2.74% -9.07%
2013 1.64% -3.45%
2012 3.71% -14.8%
2011 10.9% 4.57%
2010 13.8% -
2009 5.86% -
2008 17.2% -
2007 2.34% -
2006 0.66% -
2005 2.74% -
2004 1.78% -
2003 1.6% -
2002 19.4% -
2001 21.8% -
2000 0.14% -
1999 -1.03% -
1998 1.63% -
1997 -0.94% -
1996 -2.25% -
1995 -1.34% -
1994 3.21% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20).

GeoRank.org/economy/azerbaijan/south-sudan | CC BY

In 2015, Azerbaijan's government deficit, the difference between spending and revenue, was $2.57B, equivalent to 4.83% of GDP. This compares to South Sudan's deficit of $1.97B, or 16.4% of GDP.

Over the past 5 years, Azerbaijan recorded a fiscal deficit in 1 of those years, while South Sudan ran a deficit in 4 years. On average, Azerbaijan posted an annual surplus equal to 2.82% of GDP, compared to deficit of 7.83% of GDP for South Sudan.

Inflation comparison by year

Inflation
Azerbaijan

South Sudan
1x
Year Consumer prices inflation
Azerbaijan South Sudan
2024 2.21% 91.4%
2023 8.79% 2.38%
2022 13.9% -6.69%
2021 6.65% 10.5%
2020 2.76% 29.7%
2019 2.61% 87.2%
2018 2.27% 83.5%
2017 12.9% 187.9%
2016 12.4% 380%
2015 4.03% 52.8%
2014 1.37% 1.67%
2013 2.42% -0.06%
2012 1.07% 45.5%
2011 7.86% 46.9%
2010 5.73% 1.17%
2009 1.46% 5.01%
2008 20.8% -
2007 16.7% -
2006 8.33% -
2005 9.68% -
2004 6.71% -
2003 2.23% -
2002 2.77% -
2001 1.55% -
2000 1.81% -
1999 -8.53% -
1998 -0.77% -
1997 3.67% -

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

GeoRank.org/economy/azerbaijan/south-sudan | CC BY

Over the past 16 years, Azerbaijan has recorded an average annual inflation rate of 5.53%, compared with 63.7% in South Sudan. In 2024, inflation was 2.21% in Azerbaijan and 91.4% in South Sudan.

Balance of trade

Azerbaijan South Sudan
Current account balance
$4.67B
2024
$578M
2023
Current account balance ranking
34/190
2024
60/190
2023
Current account balance, % of GDP
+6.29%
2024
-4.17%
2015
Goods imports
$17.2B
2024
$2.25B
2023
Goods exports
$26B
2024
$4.01B
2023
Service imports
$10.2B
2024
$2.19B
2023
Service exports
$8.12B
2024
$484M
2023
Imports of goods and services, % of GDP
36.8%
2024
28.9%
2015
Exports of goods and services, % of GDP
45.9%
2024
36.7%
2015

Economic freedom indices

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

Azerbaijan South Sudan
Economic freedom 64.3 41
Economic freedom ranking 74/197 186/197
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 South Sudan
Services, % of GDP
42.3%
2024
56.6%
2015
Industry, % of GDP
42.6%
2024
33.1%
2015
Agriculture, forestry, and fishing, % of GDP
5.66%
2024
10.4%
2015
GNI, Atlas method
$74.8B
2024
$11.7B
2015
GNI per capita, PPP
$24,220
2024
$1,010
2015
Total reserves including gold
$12.7B
2024
$72.9M
2023
Total reserves ranking
72/177
2024
175/177
2023
Net foreign direct investment
$511M
2024
$2.21M
2019
Net inflows of foreign direct investment
$231M
2024
$83.4M
2024
Net outflows of foreign direct investment
$742M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.83%
2024
n/a
Poverty at national poverty lines
6%
2012
66%
2020
Gross capital formation, % of GDP
21.1%
2024
5.75%
2015

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/south-sudan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, 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)
  8. Central Intelligence Agency (CIA) (2020, 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.