Armenia vs Azerbaijan: GDP growth
GDP growth: 7.1% a year in Armenia in 2025 and 4.2% a year in Azerbaijan in 2024, by IMF estimates. In 2024 the value was higher in Armenia, by 1.8 percentage points, or 1.43 times that in Azerbaijan.
ArmeniaAzerbaijan
Watch it change on the map% a year · IMF
Latest figures
% a year · IMF
| Country | Latest | 10 years before | Rank in 2025 | Projected |
|---|---|---|---|---|
| Armenia | 7.1 2025 | 3.2 | 15 of 143 | 5 2031 |
| Azerbaijan | 4.2 2024 | 2.8 | — | 2.5 2031 |
What the numbers say
- Armenia has been higher since 2021, when it overtook Azerbaijan.
- The IMF projection (World Economic Outlook, October 2026) puts Armenia at 5% a year and Azerbaijan at 2.5% a year in 2031.
Every year
% a year · IMF
| Year | Armenia | Azerbaijan |
|---|---|---|
| 2025 | 7.1 | 1.4 |
| 2024 | 5.9 | 4.2 |
| 2023 | 8.3 | 1.4 |
| 2022 | 12.6 | 4.7 |
| 2021 | 5.8 | 5.6 |
| 2020 | -7.1 | -4.2 |
| 2019 | 7.6 | 2.5 |
| 2018 | 5.2 | 1.5 |
| 2017 | 7.5 | 0.2 |
| 2016 | 0.2 | -3.1 |
| 2015 | 3.2 | 1.1 |
| 2014 | 3.6 | 2.8 |
| 2013 | 3.3 | 5.8 |
| 2012 | 7.2 | 2.2 |
| 2011 | 4.7 | 0.1 |
| 2010 | 2.2 | 5 |
| 2009 | -14.2 | 9.3 |
| 2008 | 6.9 | 10.8 |
| 2007 | 13.8 | 25 |
| 2006 | 13.2 | 34.5 |
| 2005 | 13.8 | 26.4 |
| 2004 | 10.4 | 9.3 |
| 2003 | 14 | 10.2 |
| 2002 | 14.8 | 9.4 |
| 2001 | 9.6 | 9.9 |
| 2000 | 5.6 | 6.2 |
| 1999 | 3.4 | 11.4 |
| 1998 | 7.3 | 6 |
| 1997 | 3.2 | 8.9 |
| 1996 | 5.9 | 2.5 |
| 1995 | 8.2 | -13 |
| 1994 | 5.4 | -19.7 |
| 1993 | -14.1 | -23.1 |
- 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Armenia | Azerbaijan |
|---|---|---|
| 2026 | 5.5 | 1.7 |
| 2027 | 5.5 | 2.3 |
| 2028 | 5.3 | 2.5 |
| 2029 | 5 | 2.5 |
| 2030 | 5 | 2.5 |
| 2031 | 5 | 2.5 |
Each country on its own
Good to know
- How much the economy grew or shrank in a year, after inflation.
- Source: IMF, World Economic Outlook, October 2026.
- The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
- Ranks count the 143 countries with a value in 2025, highest first.
How the layers work, where their data comes from and what they can’t tell you: Countries through time