Oil rents as a share of GDP in Azerbaijan
Azerbaijan: Oil rents as a share of GDP was 21.0% in 2021. ▼ Falling
Oil rents as a share of GDP in Azerbaijan, 1990–2021
Source: The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Azerbaijan recorded 21.0% for oil rents as a share of gdp in 2021.
The figure is up 88.2% on the previous year and down 29.6% over ten years.
Over the whole period, oil rents as a share of gdp in Azerbaijan peaked at 39.6% in 2006 and was at its lowest, 4.9%, in 1998.
That places Azerbaijan 9th out of 199 countries with data for 2021, putting it in the top 10%.
The long-run direction has been consistently falling across the 31 years of available data.
Oil rents as a share of GDP in Azerbaijan, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 15.5% | — |
| 1991 | 7.3% | -52.8% |
| 1993 | 35.5% | +382.6% |
| 1994 | 38.3% | +8.1% |
| 1995 | 20.1% | -47.6% |
| 1996 | 21.6% | +7.6% |
| 1997 | 15.0% | -30.5% |
| 1998 | 4.9% | -67.5% |
| 1999 | 17.0% | +248.3% |
| 2000 | 32.9% | +93.7% |
| 2001 | 23.7% | -28.1% |
| 2002 | 23.3% | -1.9% |
| 2003 | 23.7% | +1.7% |
| 2004 | 26.8% | +13.5% |
| 2005 | 37.4% | +39.5% |
| 2006 | 39.6% | +5.7% |
| 2007 | 36.9% | -6.9% |
| 2008 | 39.5% | +7.1% |
| 2009 | 26.7% | -32.5% |
| 2010 | 25.5% | -4.4% |
| 2011 | 29.8% | +16.8% |
| 2012 | 25.8% | -13.4% |
| 2013 | 22.6% | -12.5% |
| 2014 | 20.2% | -10.4% |
| 2015 | 12.1% | -40.4% |
| 2016 | 12.8% | +5.9% |
| 2017 | 17.1% | +34.0% |
| 2018 | 24.2% | +41.2% |
| 2019 | 20.5% | -15.4% |
| 2020 | 11.1% | -45.5% |
| 2021 | 21.0% | +88.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.5% | 4.9% | 38.3% | 9 |
| 2000s | 31.0% | 23.3% | 39.6% | 10 |
| 2010s | 21.1% | 12.1% | 29.8% | 10 |
| 2020s | 16.1% | 11.1% | 21.0% | 2 |
Countries ranked near Azerbaijan
More energy & mining data for Azerbaijan
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate -2.15 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 5.5% (2025)
Frequently asked questions
- What is oil rents as a share of gdp in Azerbaijan?
- Oil rents as a share of gdp in Azerbaijan was 21.0% in 2021, according to The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data.
- What is the highest oil rents as a share of gdp recorded in Azerbaijan?
- The highest recorded value was 39.6% in 2006.
- What is the lowest oil rents as a share of gdp recorded in Azerbaijan?
- The lowest recorded value was 4.9% in 1998.
- How does Azerbaijan rank for oil rents as a share of gdp?
- Azerbaijan ranks 9th out of 199 countries with data for 2021.
- Is oil rents as a share of gdp rising or falling in Azerbaijan?
- Over the last ten years it is down 29.6%. The long-run trend across the full record is falling.
- Where does this Azerbaijan data come from?
- The figures come from The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data, published as part of Oil rents as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Economic profits generated from oil extraction, measured as the difference between production value and costs, expressed as a percentage of gross domestic product.