Industrial Production in Azerbaijan
The Azerbaijan economy recorded an average industrial production growth rate of 0.2% in the decade to 2022, below the 3.2% average for Eastern Europe. In 2022, industrial production growth was -1.1%. For more industry information, visit our dedicated page.
Azerbaijan Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Azerbaijan from 2015 to 2014.
Source: Macrobond.
Azerbaijan Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 1.8 | -5.0 | 5.2 | -1.1 | -1.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Azerbaijani industry projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Azerbaijani industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Azerbaijani industry projections.
Want to get access to the full dataset of Azerbaijani industry forecasts? Send an email to info@focus-economics.com.