Oil rents in Azerbaijan
Azerbaijan: Oil rents was 21.0% in 2021. ▼ Falling
Oil rents in Azerbaijan, 1990–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Azerbaijan recorded 21.0% for oil rents 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 in Azerbaijan peaked at 39.6% in 2006 and was at its lowest, 4.9%, in 1998.
Azerbaijan ranks 9th of 201 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 31 years of available data.
Oil rents 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
- 6 Saudi Arabia 23.7% compare
- 7 Oman 23.5% compare
- 8 Guyana 22.1% compare
- 10 Iran, Islamic Republic of 18.3% compare
- 11 Chad 16.8% compare
- 12 United Arab Emirates 15.7% compare
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 in Azerbaijan?
- Oil rents in Azerbaijan was 21.0% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Azerbaijan?
- The highest recorded value was 39.6% in 2006.
- What is the lowest oil rents recorded in Azerbaijan?
- The lowest recorded value was 4.9% in 1998.
- How does Azerbaijan rank for oil rents?
- Azerbaijan ranks 9th out of 201 countries with data for 2021.
- Is oil rents 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 (WB), published as part of Oil rents (% 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 (World Bank Open Data).
About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.