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Eastern Economy.
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Azerbaijan vs Georgia: Economic Comparison 2026

Azerbaijan (AZN) against Georgia (GEL) across 16 indicators — output, prices, rates, external position and the productive-sector view at purchasing power parity. Data: World Bank, IMF WEO, Eurostat and national central banks, refreshed automatically. More on Azerbaijan in the data terminal · Georgia terminal.

Head to head

IndicatorAzerbaijanGeorgia
GDP, nominal $bn 762025 382025
GDP at PPP, intl $bn 2562024 1052024
Population, m 10.22025 3.92025
Real GDP growth 2025 1.4%2025 7.5%2025
GDP forecast 2026 (IMF) 2.5%2026f 5.0%2026f
Inflation (CPI) 4.5%2026e 3.2%2026e
Policy rate 6.50%01 Jul 8.25%17 Jun
Unemployment (ILO/WEO) 5.5%2025 12.1%2025
Current account, % GDP 4.1%2026f -4.7%2026f
Gov. debt, % GDP 22.2%2026f 35.3%2026f
Food, % of household spend 33.3%2021 23.4%2017
Remittances, % GDP 1.8%2024 11.9%2024
Credit to private sector, % GDP 25%2025 68%2025
Trade openness, % GDP 80%2025 101%2025
Price level index (US≈100) 302024 362024
Population growth 0.43%2025 3.18%2025
Green = the stronger reading where direction is unambiguous (growth ↑, inflation ↓, debt ↓, food share ↓). Inflation marked e = IMF WEO annual-average forecast where monthly data lags. Period shown per value.

Productive sectors · Sapir view

Agri %Industry %Productive shareProductive GDP, PPP $bn
Azerbaijan 20245.642.548.0%123
Georgia 20245.519.625.1%26
Goods-producing base (agriculture + industry incl. construction) valued at PPP, following Jacques Sapir's argument that services-heavy nominal GDP understates industrial economies. Source: World Bank WDI.

Trends

Quick answers

Which economy is bigger, Azerbaijan or Georgia?

At market exchange rates Azerbaijan: $76bn vs $38bn nominal GDP (2025, World Bank). At purchasing power parity: 256 intl $bn vs 105.

Whose productive base is larger?

Valued by the Sapir method (agriculture + industry incl. construction at PPP), Azerbaijan leads: $123bn vs $26bn (2024/2024, World Bank).

How high is inflation in Azerbaijan?

4.5% expected 2026 average (IMF WEO).

How much do households in Azerbaijan spend on food?

33.3% of consumption (2021, World Bank ICP 2021).

How high is inflation in Georgia?

3.2% expected 2026 average (IMF WEO).

How much do households in Georgia spend on food?

23.4% of consumption (2017, World Bank ICP 2021).

More comparisons