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Azerbaijan vs Kazakhstan: Economic Comparison 2026

Azerbaijan (AZN) against Kazakhstan (KZT) 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 · Kazakhstan terminal.

Head to head

IndicatorAzerbaijanKazakhstan
GDP, nominal $bn 762025 3062025
GDP at PPP, intl $bn 2562024 8422024
Population, m 10.22025 20.82025
Real GDP growth 2025 1.4%2025 6.5%2025
GDP forecast 2026 (IMF) 2.5%2026f 4.3%2026f
Inflation (CPI) 4.5%2026e 9.4%2026e
Policy rate 6.50%01 Jul 17.00%01 Jul
Unemployment (ILO/WEO) 5.5%2025 4.8%2025
Current account, % GDP 4.1%2026f -3.7%2026f
Gov. debt, % GDP 22.2%2026f 27.9%2026f
Food, % of household spend 33.3%2021 24.5%2021
Remittances, % GDP 1.8%2024 0.1%2024
Credit to private sector, % GDP 25%2025 28%2025
Trade openness, % GDP 80%2025 57%2024
Price level index (US≈100) 302024 362024
Population growth 0.43%2025 1.21%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
Kazakhstan 20243.932.136.0%303
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 Kazakhstan?

At market exchange rates Kazakhstan: $306bn vs $76bn nominal GDP (2025, World Bank). At purchasing power parity: 256 intl $bn vs 842.

Whose productive base is larger?

Valued by the Sapir method (agriculture + industry incl. construction at PPP), Kazakhstan leads: $303bn vs $123bn (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 Kazakhstan?

9.4% expected 2026 average (IMF WEO).

How much do households in Kazakhstan spend on food?

24.5% of consumption (2021, World Bank ICP 2021).

More comparisons