According to the International Monetary Fund’s latest estimates for 2025, Azerbaijan’s GDP per capita stands at approximately US $7,600, trailing behind its neighbors: Armenia at US $8,860 and Georgia at US $9,570.
Although Azerbaijan leads in total nominal GDP—surpassing both neighbors—it ranks lower when it comes to economic output per citizen.
Economists note that this ranking raises uncomfortable questions about how effectively the country’s wealth is being converted into prosperity for its people. Despite vast energy resources and strong export revenues, the gap in per capita figures suggests that Azerbaijan’s growth model still relies heavily on resource income rather than broad-based economic diversification.
Bridging this gap will require not only sustaining headline GDP growth but also ensuring that gains are distributed more evenly across the population—an area where Armenia and Georgia appear to have made more visible progress in recent years.
The CIS Countries List:
Kazakhstan ($14,770)
Russia ($14,260)
Turkmenistan ($13,340)
Georgia ($9,570),
Armenia ($8,860),
Moldova ($8,260),
Belarus ($7,880),
Azerbaijan ($7,600),
Ukraine ($6,260),
Uzbekistan ($3,510),
Kyrgyzstan ($2,750),
Tajikistan ($1,430).
