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Economy of Azerbaijan vs Tajikistan compared: GDP & Debt

Updated on by Georank

Azerbaijan has a GDP of $75.9B compared to $17.7B for Tajikistan, ranking 87/197 and 140/197 by economy size, respectively.

Azerbaijan has $15.3B in government debt (20.1% of GDP), compared to $3.82B (21.6% of GDP) in Tajikistan.

Azerbaijan vs Tajikistan GDP by year

Azerbaijan
Tajikistan
1x
Year GDP, current $
Azerbaijan Tajikistan
2025 $75,937,647,059 $17,660,626,562
2024 $74,426,000,000 $14,425,113,700
2023 $72,428,470,588 $12,244,169,293
2022 $78,807,470,588 $10,713,525,200
2021 $54,825,411,765 $8,937,805,347
2020 $42,693,000,000 $8,133,963,551
2019 $48,174,235,294 $8,300,813,599
2018 $47,112,470,052 $7,764,999,999
2017 $40,866,627,352 $7,536,402,853
2016 $37,866,996,883 $6,992,416,097
2015 $53,076,235,355 $8,271,431,485
2014 $75,239,785,452 $9,112,605,459
2013 $74,160,560,124 $8,448,411,318
2012 $69,679,944,504 $7,633,036,903
2011 $65,952,796,428 $6,522,756,255
2010 $52,909,294,792 $5,642,221,099
2009 $44,292,427,185 $4,979,472,364
2008 $48,851,293,785 $5,161,299,725
2007 $33,049,419,431 $3,719,524,541
2006 $20,981,929,498 $2,830,213,849
2005 $13,245,421,881 $2,312,352,021
2004 $8,680,405,741 $2,076,176,869
2003 $7,276,413,079 $1,555,318,261
2002 $6,236,087,738 $1,221,106,220
2001 $5,707,616,204 $1,080,772,551
2000 $5,272,615,723 $860,541,842
1999 $4,581,248,567 $1,086,612,290
1998 $4,446,368,571 $1,320,199,582
1997 $3,962,362,387 $921,518,033
1996 $3,176,507,376 $1,043,654,822
1995 $2,417,331,193 $1,231,561,860
1994 $1,193,141,110 $1,522,001,206
1993 $1,570,392,598 $1,646,623,195
1992 $444,658,672 $1,908,554,572
1991 $5,344,000,000 $2,536,585,366
1990 $8,884,848,485 $2,629,395,066

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

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

GDP per capita in Azerbaijan vs Tajikistan by year

Azerbaijan
GDP per capita

GDP per capita, PPP
Tajikistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Azerbaijan Tajikistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,411 - $1,637 -
2024 $7,295 $25,089 $1,362 $5,406
2023 $7,133 $23,652 $1,178 $4,964
2022 $7,771 $22,552 $1,052 $4,514
2021 $5,408 $20,111 $897 $3,986
2020 $4,230 $15,164 $834 $3,654
2019 $4,806 $16,675 $871 $3,460
2018 $4,740 $15,283 $834 $3,069
2017 $4,147 $14,316 $829 $3,017
2016 $3,881 $14,536 $789 $2,914
2015 $5,501 $15,075 $957 $2,975
2014 $7,891 $17,564 $1,082 $3,152
2013 $7,875 $17,268 $1,028 $2,919
2012 $7,496 $15,994 $952 $2,679
2011 $7,190 $14,805 $834 $2,456
2010 $5,844 $14,930 $737 $2,291
2009 $4,950 $14,246 $665 $2,171
2008 $5,574 $13,217 $703 $2,120
2007 $3,851 $11,974 $517 $1,966
2006 $2,473 $9,398 $401 $1,810
2005 $1,578 $6,855 $334 $1,673
2004 $1,045 $5,248 $306 $1,550
2003 $884 $4,718 $233.6 $1,396
2002 $763 $4,230 $187 $1,257
2001 $704 $3,835 $168.7 $1,139
2000 $655 $3,439 $136.9 $1,036
1999 $574 $3,052 $175 $947
1998 $562 $2,827 $213.7 $905
1997 $506 $2,565 $150.1 $855
1996 $409 $2,407 $172 $836
1995 $315 $2,357 $207 $1,006
1994 $157.1 $2,648 $261.3 $1,148
1993 $209.5 $3,272 $287.6 $1,454
1992 $60.2 $4,220 $338 $1,721
1991 $735 $5,412 $458 $2,417
1990 $1,238 $5,343 $487 $2,583

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

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

Azerbaijan's GDP per capita is $7,411, ranking 101/197, compared to $1,637 in Tajikistan, ranking 163/197. Adjusted for purchasing power (GDP per capita PPP), Azerbaijan ranks 82nd at $25,089, while Tajikistan ranks 157th at $5,406.

Economic indicators

Azerbaijan Tajikistan
Gross domestic product
$75.9B
2025
$17.7B
2025
GDP rank
87/197
2025
140/197
2025
GDP growth
1.45%
2024-2025
8.4%
2024-2025
GDP per capita
$7,411
2025
$1,637
2025
GDP per capita rank
101/197
2025
163/197
2025
GDP per capita, PPP
$25,089
2024
$5,406
2024
GDP per capita PPP rank
82/197
2024
157/197
2024
Government debt
$15.3B
2025
$3.82B
2025
Debt-to-GDP ratio
20.1%
2025
21.6%
2025
Government debt per person
$1,492
2025
$354
2025
Government debt per person rank
131/185
2025
174/185
2025
Average annual personal income after taxes
$6,426
2026
$1,705
2026
Market capitalization of domestic companies
$1.57B
2025
n/a
Income share by richest 10%
24.2%
2005
28.2%
2024
Income share by poorest 10%
4.8%
2005
2.9%
2024
Government expenditure, % of GDP
34.6%
2025
29.3%
2025
Consumer prices inflation
5.62%
2024-2025
3.4%
2024-2025
Central bank interest rate
6.5%
2026
7%
2026
Unemployment rate
5.7%
2022
0.08%
2016
Population
10333222
11080415

Spending and national debt comparison by year

Azerbaijan
Spending

Debt
Tajikistan
Spending

Debt
1x
Year % of GDP
Azerbaijan Tajikistan
Government spending Government debt Government spending Government debt
2025 34.6% 20.1% 29.3% 21.6%
2024 33.9% 21.6% 27.2% 24.9%
2023 32.7% 21.8% 28% 29.9%
2022 26.2% 17.3% 27.4% 31.8%
2021 32.2% 26.3% 27.6% 42%
2020 40.2% 21.3% 29.2% 50.9%
2019 32.5% 17.7% 28.8% 43.2%
2018 33.2% 18.7% 30.9% 46.3%
2017 35.6% 22.5% 33.8% 46.3%
2016 35.4% 20.6% 32.7% 42.2%
2015 38.7% 18% 31.9% 35%
2014 36.4% 8.53% 27.5% 27.9%
2013 37.8% 6.18% 27.7% 29.3%
2012 36.6% 5.83% 24.7% 32.5%
2011 33.7% 4.97% 24.3% 35.5%
2010 32% 4.98% 25.9% 36.8%
2009 34.5% 4.73% 23.6% 36.9%
2008 31.4% 3.22% 20.2% 30.2%
2007 26.1% 4% 20.3% 34.3%
2006 25.3% 5.3% 21.6% 36.8%
2005 22.5% 6.85% 22.9% 45.8%
2004 24.2% 9.71% 20.2% 49.4%
2003 21.7% 10.7% 19.1% 69.8%
2002 23.1% 11.9% 19.1% 98.3%
2001 16.8% 13% 17.3% 99.4%
2000 18.2% 13.1% 18.1% 111.4%
1999 19.5% 25.4% 17.5% 107.8%
1998 18.7% 14.3% 17.1% 96.6%
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 (1994–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1994, retrieved 2026-07-08).

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

In 2025, Azerbaijan's government spending was $26.3B, accounting for 34.6% of its GDP, while Tajikistan spent $5.17B, or 29.3% of GDP.

Debt-to-GDP ratio is 20.1% in Azerbaijan and 21.6% in Tajikistan, ranking 174/185 and 171/185, respectively.

Government deficit by year

Deficit/surplus
Azerbaijan

Tajikistan
1x
Year Deficit/surplus, % of GDP
Azerbaijan Tajikistan
2025 2.56% -1.79%
2024 4.05% 0.32%
2023 7.92% -0.92%
2022 5.96% -0.23%
2021 4.21% -0.64%
2020 -6.44% -4.34%
2019 8.95% -2.04%
2018 5.43% -2.69%
2017 -1.34% -5.65%
2016 -1.17% -2.91%
2015 -4.83% -1.96%
2014 2.74% 0.92%
2013 1.64% -0.73%
2012 3.71% 0.41%
2011 10.9% 0.6%
2010 13.8% -2.71%
2009 5.86% -0.2%
2008 17.2% 1.94%
2007 2.34% 2.13%
2006 0.66% 2%
2005 2.74% -2.83%
2004 1.78% -2.32%
2003 1.6% -1.74%
2002 19.4% -2.4%
2001 21.8% -2.11%
2000 0.14% -4.51%
1999 -1.03% -4.03%
1998 1.63% -5.09%
1997 -0.94% -
1996 -2.25% -
1995 -1.34% -
1994 3.21% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08).

GeoRank.org/economy/azerbaijan/tajikistan | 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 Tajikistan's deficit of $316M, or 1.79% of GDP.

Over the past 28 years, Azerbaijan recorded a fiscal deficit in 5 of those years, while Tajikistan ran a deficit in 21 years. On average, Azerbaijan posted an annual surplus equal to 4.72% of GDP, compared to deficit of 1.55% of GDP for Tajikistan.

Inflation comparison by year

Inflation
Azerbaijan

Tajikistan
1x
Year Consumer prices inflation
Azerbaijan Tajikistan
2025 5.62% 3.4%
2024 2.21% 3.5%
2023 8.79% 3.7%
2022 13.9% 6.6%
2021 6.65% 9%
2020 2.76% 8.6%
2019 2.61% 7.8%
2018 2.27% 3.8%
2017 12.9% 7.3%
2016 12.4% 5.9%
2015 4.03% 5.8%
2014 1.37% 6.1%
2013 2.42% 5%
2012 1.07% 5.8%
2011 7.86% 12.4%
2010 5.73% 6.5%
2009 1.46% 6.4%
2008 20.8% 20.4%
2007 16.7% 13.2%
2006 8.33% 10%
2005 9.68% 7.3%
2004 6.71% 7.2%
2003 2.23% 16.4%
2002 2.77% 12.2%
2001 1.55% 38.6%
2000 1.81% 32.9%
1999 -8.53% 27.5%
1998 -0.77% 43.2%
1997 3.67% 88%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Azerbaijan has recorded an average annual inflation rate of 5.49%, compared with 14.6% in Tajikistan. In 2025, inflation was 5.62% in Azerbaijan and 3.4% in Tajikistan.

Top exports between countries

Azerbaijan
Export category Export value
Processed food, beverages & tobacco $9.08M
Raw agricultural goods $1.19M
Machinery & equipment $769K
Metals $508K
Chemicals & pharma $281K
Textiles & consumer goods $198K
Raw materials & minerals $130K
Wood & paper products $10K
Precious metals & jewellery $2K
Tajikistan
Export category Export value
Machinery & equipment $347K
Metals $340K
Raw agricultural goods $299K
Textiles & consumer goods $138K
Processed food, beverages & tobacco $96K
Animal & marine products $83K
Wood & paper products $22K
Raw materials & minerals $8K

Balance of trade

Azerbaijan Tajikistan
Current account balance
$3.48B
2025
$3.02B
2025
Current account balance ranking
35/190
2025
38/190
2025
Current account balance, % of GDP
+4.58%
2025
+17.1%
2025
Goods imports
$17.7B
2025
$7.45B
2025
Goods exports
$24.1B
2025
$1.95B
2025
Service imports
$10.3B
2025
$1.14B
2025
Service exports
$8.6B
2025
$168M
2025
Imports of goods and services, % of GDP
36.8%
2025
47.9%
2024
Exports of goods and services, % of GDP
43%
2025
11.2%
2024

Economic freedom indices

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

Azerbaijan Tajikistan
Economic freedom 64.3 52.5
Economic freedom ranking 74/197 147/197
Property rights 53.3 28.4
Government integrity 23.6 18.5
Judicial effectiveness 16.5 10.1
Tax burden 87.9 94.2
Government spending 71.3 77
Fiscal health 99.1 98.6
Business freedom 71.2 60.6
Labor freedom 56.9 43.4
Monetary freedom 76 72.6
Trade freedom 75.8 72.2
Investment freedom 70 25
Financial freedom 70 30

Economic freedom comparison by year

Azerbaijan
Tajikistan
1x
Year Economic freedom index
Azerbaijan Tajikistan
2026 64.3 52.5
2025 62.5 51.5
2024 61.6 51.3
2023 61.4 50.6
2022 61.6 49.7
2021 70.1 55.2
2020 69.3 52.2
2019 65.4 55.6
2018 64.3 58.3
2017 63.6 58.2
2016 60.2 51.3
2015 61 52.7
2014 61.3 52
2013 59.7 53.4
2012 58.9 53.4
2011 59.7 53.5
2010 58.8 53
2009 58 54.6
2008 55.3 54.4
2007 54.6 53.6
2006 53.2 52.6
2005 54.4 50.4
2004 53.4 48.7
2003 54.1 46.5
2002 53.3 47.3
2001 50.3 46.8
2000 49.8 44.8
1999 47.4 41.2
1998 43.1 41.1
1997 34 -
1996 30 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Azerbaijan is 64.3, ranking 74/197, compared to 52.5 for Tajikistan, ranking 147/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Azerbaijan Tajikistan
Services, % of GDP
45.3%
2025
36.5%
2024
Industry, % of GDP
39.5%
2025
32.4%
2024
Agriculture, forestry, and fishing, % of GDP
5.93%
2025
23.1%
2024
GNI, Atlas method
$75.4B
2025
$22.4B
2025
GNI per capita, PPP
$25,430
2025
$8,240
2025
Total reserves including gold
$13.6B
2025
$4.31B
2025
Total reserves ranking
74/177
2025
109/177
2025
Net foreign direct investment
$536M
2025
$8.2M
2025
Net inflows of foreign direct investment
$231M
2024
$291M
2024
Net outflows of foreign direct investment
$742M
2024
$101M
2024
Servicing debt to the IMF, % of GNI
5.82%
2024
3.04%
2024
Poverty at national poverty lines
6%
2012
19.8%
2024
Gross capital formation, % of GDP
18.9%
2025
32.4%
2024

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/tajikistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2022–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. International Monetary Fund (IMF) | Public Finances in Modern History (1994, 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.