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    Azerbaijan

    Extended
    Asia · #87 of 117 markets · IEPA 2024 (final) · 2026 current estimate available
    43.2▲ +2.8 YoY
    ●●○0.78IEPA COMPOSITE

    Azerbaijan scores 43.2 out of 100 on the IEPA (2024 edition), ranking #87 of 117 economies. That is up 2.8 points on the year before. Its strongest zone is Prosperity Outcomes at 58.0. Its binding constraint, the lowest-scoring of its six zones, is Entrepreneurship Capacity at 29.4. How the IEPA works →

    SIX FACTORS · CLICK ANY SCORE FOR ITS EVIDENCE
    IEPA TRAJECTORY · 2010–2026
    2010201220142016201820202022202420263540455055
    CAPITAL FLOWS · FDI NET INFLOWS % OF GDP
    2010201120122013201420152016201720182019202120232025-6061218
    IE FDI intelligence · synced weekly
    PRODUCTIVE CAPABILITY
    IE COMPLEXITY LAYER · VINTAGE 2024
    #95of 145 ranked economies▲ 22 places since 2010
    How much productive know-how this market has demonstrated, read from the range and rarity of what it makes competitively.
    20102011201220132014201520162017201820192020202120222023202494102110123
    CAPABILITY RANK · HIGHER IS BETTER
    3.48% / yr
    Implied growth
    Annual growth the current capability base points to.
    46
    Diversity
    Distinct products made at competitive scale.
    -0.42
    Capability score
    Standardized: 0 is the world average.
    -1.13
    Outlook
    Value of the new products within reach of what it already does.
    INDUSTRY STRENGTHS · REVEALED FROM TRADE EVIDENCE
    VINTAGE 2022-2024
    POSITION IN THE PRODUCT SPACE
    IE COMPLEXITY LAYER · VINTAGE 2024
    Minerals7 of 48 made · 22% of the rest within reach
    Construction, Building, and Home Supplies5 of 104 made · 12% of the rest within reach
    Industrial Chemicals and Metals6 of 157 made · 13% of the rest within reach
    Textile and Home Goods3 of 78 made · 7% of the rest within reach
    Agriculture4 of 200 made · 16% of the rest within reach
    Textile Apparel and Accessories1 of 50 made · 6% of the rest within reach
    Metalworking and Electrical Machinery and Parts1 of 155 made · 10% of the rest within reach
    Electronic and Electrical Goods0 of 73 made · 1% of the rest within reach
    MADE COMPETITIVELYONE STEP AWAY
    Electronic and Electrical Goods is the furthest: 0% made, and only 1% of the rest is within one step. A move there means building capability rather than extending it.
    READ ON THE 27 OF 46 COMPETITIVE PRODUCTS THAT CARRY A POSITION IN THE CAPABILITY MAP
    POSITIONED TO BUILD NEXT
    IE COMPLEXITY LAYER · VINTAGE 2024
    Wire of iron or nonalloy steel$6B world market
    Mining, Metals & MaterialsOPENS 0.08 · COMPLEXITY -0.11
    Malt extract$24B world market
    Agrifood & FisheriesOPENS 0.06 · COMPLEXITY -0.34
    Ice cream$6B world market
    Agrifood & FisheriesOPENS 0.06 · COMPLEXITY +0.13
    Hot rolled bars of iron$12B world market
    Mining, Metals & MaterialsOPENS 0.06 · COMPLEXITY -0.36
    Copper wire$27B world market
    Mining, Metals & MaterialsOPENS 0.05 · COMPLEXITY -0.21
    THE NEAREST OPTIONS AMONG 454 PRODUCTS ASSESSED · RANKED BY HOW MUCH EACH OPENS UP NEXT
    LIVE SIGNALS
    No recent scored signals for this market.
    PEERS · EXTENDED
    🇨🇮Cote d'Ivoire42.1→🇿🇦South Africa41.9→🇱🇧Lebanon43.2→🇹🇹Trinidad and Tobago40.9→
    ECOSYSTEM DENSITY
    IE Ecosystem Registry · 2026-07-17
    114organizations indexed across 9 types · 101 mapped
    Universities & research bodies
    68
    Government bodies
    16
    Research organizations
    11
    Science & tech parks
    6
    Innovation hubs
    4
    Accelerators
    3
    Corporate R&D
    2
    Incubators
    2
    Health research
    2
    Universities, corporate R&D, government bodies, incubators, accelerators, science parks, and special economic zones, indexed today.Explore the directory →
    ORGANIZATIONS
    a sample of 114 indexed
    SUP.VC (SUP Accelerator)
    Accelerators · Baku · 2015
    SABAH.lab
    Accelerators · Baku
    Innoland Incubation and Acceleration Center
    Incubators · Baku
    Social Innovation Lab (SIL)
    Incubators · Baku
    High Technologies Park (YTP)
    Science & tech parks · Baku
    Pirallahi High-Tech Park
    Science & tech parks · Baku (Pirallahi)
    Lankaran State University
    Universities & research bodies · Lankaran · 1991
    Azerbaijan Investment (Azerbaijan)
    Corporate R&D · Baku · 1395
    National Association of Neurologists
    Research organizations · Baku
    Azerbaijan Science Center
    Research organizations · Baku
    Members get the full directory, filters, and exports.See all 114 organizations →

    Azerbaijan: common questions

    What is Azerbaijan's IEPA score?
    Azerbaijan scores 43.2 out of 100 on the IEPA, 2024 edition, which ranks it #87 of 117 economies.
    What is Azerbaijan's strongest zone?
    Prosperity Outcomes, at 58.0. The six zones are scored separately, so a market's strengths stay visible instead of being averaged away.
    What is holding Azerbaijan back?
    Its binding constraint is Entrepreneurship Capacity, at 29.4, the lowest of its six zones. The IEPA reports every zone separately so the constraint stays visible instead of being averaged into the composite.
    How does Azerbaijan compare with its peers?
    The closest scored peers are Cote d'Ivoire (42.1), South Africa (41.9), Lebanon (43.2), Trinidad and Tobago (40.9).
    What is the IEPA?
    The Innovation Ecosystem Prosperity Assessment (IEPA) scores economies across six zones: innovation capacity, entrepreneurship capacity, resilience, alignment, the FDI accelerator, and prosperity outcomes. Every score carries a confidence band and traces to the evidence behind it.
    Run the full diagnostic →Talk to IE about Azerbaijan →