Azerbaijan vs Turkey: Economic Indicators Comparison

Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while Azerbaijan ranked 88th with $46.9B. By GDP 5-years average growth and GDP per capita, Turkey and Azerbaijan ranked 36th vs 164th and 78th vs 110th, respectively.

Gross Domestic Product & Income

StatAzerbaijanTurkey
GDP$46.9B$771.4B
GDP growth, 1 year1.4%2.6%
GDP growth, 5-years average0.4%4.9%
Population10M82M
GDP per capita$4.7k$9.4k
GDP per capita growth0.51%1.31%
Purchasing Power Parity conversion factor0.441.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.260.33
GDP per capita, PPP adjusted$18k$28k
GNI, Atlas method$40.3B$858.1B
GNI per capita$4.1k$10k
GNI, PPP adjusted$170B$2.3T
GNI per capita, PPP adjusted$17k$28k

Financial system and Human development

StatAzerbaijanTurkey
Income Tax Rate25%35%
Corporate Tax Rate20%22%
Inflation, consumer prices2.3%16.3%
Inflation, GDP deflator11.9%16.4%
Unemployment5.2%10.9%
Economic Freedom Index69.364.4
Personal Freedom Index6.736.97
Human Freedom Index6.446.96
Property Rights Index67.157.4
Judical Effectiveness Index53.953.7
Business Freedom Index80.867
Fiscal Health Index99.286.1
Labor Freedom Index66.249.2
Investment Freedom Index7070
Financial Freedom Index6060
Trade Freedom Index74.678
Monetary Freedom Index69.866.1
Government Spending Index6364.1
Tax Burden Index8876.7
Government Integrity Index38.744.6
Corruption Perceptions Index2541
Life expectancy at birth, years72.777.2
Suicide mortality rate, per 100,000 people2.67.3
Mortality caused by road traffic injury, per 100,000 people8.712.3
Intentional homicides, per 100,000 people24.3
International tourism, number of arrivals2.6M45.8M

Government debt & reserves

StatAzerbaijanTurkey
Central government debt, % of GDP19.4%29.1%
External debt stocks, % of GNI36.4%59%
External debt stocks$16.2B$445.1B
Short-term debt, % of total reserves8.5%124.1%
Total debt service, % of exports and primary income10.5%36.7%
Adjusted net savings including particulate emission damage, % of GNI9.5%11.4%
Gross savings, % of GDP33%27.1%
Gross capital formation, % of GDP20.1%29.6%
Total reserves including gold$6.7B$93B
Foreign direct investment net inflows$1.4B$13.1B

Exports, imports and economic structure

StatAzerbaijanTurkey
Exports of goods and services, % of GDP54.3%29.5%
Imports of goods and services, % of GDP37.7%30.6%
Current account balance (balance of payments)$6.1B-$27B
Revenue excluding grants, % of GDP35.1%30.7%
Grants excluding technical cooperation, BoP$45.7M$1.3B
Personal remittances received$1.2B$1.1B
Industry including construction value added, % of GDP52.2%29.5%
Agriculture, forestry and fishing value added, % of GDP5.3%5.8%
Charges for the use of intellectual property, payments BoP$28.2M$726M
Charges for the use of intellectual property, receipts BoP$28k$29M
Expense, % of GDP28%33.9%
Government Expenditure, % of GDP35.1%34.6%

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

Turkey vs

CountryGDP
per capita
Population
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M