Azerbaijan: Percent of world oil production
* indicates monthly or quarterly data series
| Azerbaijan |
Oil production percent of world total |
|---|---|
| Latest value | 0.753 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1992 - 2023 |
| Average | 0.766 |
| Min - Max | 0.278 - 1.391 |
| Source | The Global Economy |
The latest value from 2023 is 0.753 percent, a decline from 0.826 percent in 2022. In comparison, the world average is 0.526 percent, based on data from 190 countries. Historically, the average for Azerbaijan from 1992 to 2023 is 0.766 percent. The minimum value, 0.278 percent, was reached in 1997 while the maximum of 1.391 percent was recorded in 2010.
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* indicates monthly or quarterly data series
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Definition: Oil production as percent of total world oil production.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Percent of world population | 0.13 | 2023 | percent |
| Percent of world GDP | 0.07 | 2023 | percent |
| Percent of world exports | 0.12 | 2023 | percent |
| Percent of world imports | 0.08 | 2023 | percent |
| Percent of world FDI | 0.03 | 2023 | percent |
| Percent of world foreign exchange reserves | 0.093 | 2023 | percent |
| Percent of world oil production | 0.753 | 2023 | percent |
| Electricity consumption percent of world total | 0.087 | 2023 | percent |