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Eastern Economy.
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Azerbaijan vs Russia: Economic Comparison 2026

Azerbaijan (AZN) against Russia (RUB) 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 · Russia terminal.

Head to head

IndicatorAzerbaijanRussia
GDP, nominal $bn 762025 2,5612025
GDP at PPP, intl $bn 2562024 6,9212024
Population, m 10.22025 143.52025
Real GDP growth 2025 1.4%2025 1.0%2025
GDP forecast 2026 (IMF) 2.5%2026f 0.9%2026f
Inflation (CPI) 4.5%2026e 5.3%May 2026
Policy rate 6.50%01 Jul 14.25%01 Jul
Unemployment (ILO/WEO) 5.5%2025 2.1%2025
Current account, % GDP 4.1%2026f 1.8%2026f
Gov. debt, % GDP 22.2%2026f 22.5%2026f
Food, % of household spend 33.3%2021
Remittances, % GDP 1.8%2024 0.1%2024
Credit to private sector, % GDP 25%2025 55%2021
Trade openness, % GDP 80%2025 34%2025
Price level index (US≈100) 302024 372024
Population growth 0.43%2025 -0.11%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
Russia 20242.931.434.3%2,374
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 Russia?

At market exchange rates Russia: $2,561bn vs $76bn nominal GDP (2025, World Bank). At purchasing power parity: 256 intl $bn vs 6,921.

Whose productive base is larger?

Valued by the Sapir method (agriculture + industry incl. construction at PPP), Russia leads: $2,374bn 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 Russia?

5.3% year-over-year (May 2026).

More comparisons