Azerbaijan GDP Data & Country Report

Azerbaijan Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Azerbaijan; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Central Bank of Azerbaijan Republic

International Reserves

US$ 6.409 billion (Source: World Bank; Data updated: November 2010)

Gross Domestic Product - GDP

US$ 72.189 billion (2010 estimate)

GDP (Purchasing Power Parity)

94.318 billion of International dollars (2010 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
6.2%	6.5%	8.1%	10.5%	10.2%	26.4%	34.5%	25%
2008	2009	2010	2011*
10.8%	9.3%	5%	2.8%

*Estimate

GDP per capita - current prices

US$ 7,914 (2009 estimate)

GDP per capita - PPP

$10,340 International Dollars (2009 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
N/A	N/A	0.05%	0.12%	0.11%

**Forecast

GDP - composition by sector

agriculture: 5.6%
industry: 61.4%
services: 33% (2009 estimate)

(Data released on November 2010)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
20.8%(2008)	1.5%	5.7%	10.3%

*Estimate

Unemployment rate

2008	2009	2010	2011*
6.1%	6%	6%(2009)	6%

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
8.6%	7.3%	12.1%	10.8%	10.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
2.3%	20%	6.8%	13.9%	14.4%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: BB+/Positive/B

Moody's rating: Ba1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
N/A	N/A	N/A

Largest companies in Azerbaijan

N/A

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ 20.5 billion (2009 estimate)(After 2008)

Current account balance by percentage of GDP

28.4% of GDP (2009 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

52.5% (2009)

(Data released on December 2010)

Shares in world total merchandising export

0.17%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0.05%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$28.07 billion f.o.b. (2010 estimate)

Export commodities

oil and gas 90%, machinery, cotton, foodstuffs

Total imports

US$7.496 billion f.o.b. (2008 estimate)

Import commodities

machinery and equipment, oil products, foodstuffs, metals, chemicals

Exports - major partners

Turkey 17.4%, Italy 15.5%, Russia 8.7%, Iran 7.2%, Indonesia 6.4%, Israel 6.1%, Georgia 5.7%, US 4.8%, France 4.3% (2007)

Imports - major partners

Russia 17.6%, Turkey 10.9%, Germany 8.2%, Ukraine 8.2%, UK 7.2%, Japan 5.2%, China 4.9%, US 4.7% (2007)

FDI inflows

2008	2009	2010
US$14 million	US$473 million(2009)	US$563 million(2009)

FDI outflows

2008	2009	2010
US$556 million	US$326 million	US$232 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
US$519 million	N/A(2009)	N/A(2009)	N/A

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 54 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 15 out of 183 countries(2009)

Registering property: 10 out of 183 countries

Paying Taxes: 103 out of 183 countries

Getting credit: 46 out of 183 countries

Protecting investors: 20 out of 183 countries

Trading across border: 177 out of 183 countries

Enforcing Contracts: 27 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 92 Score: 59.7 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC+4

Total area

86,600 km² (2006)

Capital

Baku (Baki, Baky) (2009)

Currency

Azerbaijani manats (AZN) (2009)

Government type

republic (2009)

Languages

Azerbaijani (Azeri) 90.3%, Lezgi 2.2%, Russian 1.8%, Armenian 1.5%, other 3.3%, unspecified 1% (1999 census)

Religions

Muslim 93.4%, Russian Orthodox 2.5%, Armenian Orthodox 2.3%, other 1.8% (1995 estimate)

Total population

1980	1990	2000	2010*	2015**
N/A	N/A	8.14 million	9.05 million	9.42 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
47.7%	52.8%	51.2%	52.1%

Population median age

28.0 years (2006)

Population growth rate

1.2% (2009)

Life expectancy

67 years (2007)

Adult literacy

99% (2000/2007)

% of population living on less than $2 a day

7.75% (2011)

Inequality of wealth distribution (Gini index)

33.7 (2008)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:5 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

115.37% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

35.99% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Baku: 48th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

5.3993 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2009:

COUNTRY WINNERS / Best Consumer Internet Banks Rakbank (2009)
COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Rakbank (2009)

WORLD'S BEST EMERGING MARKET BANKS

2011:

COUNTRY WINNERS AccessBank (National, 2011)

2010:

COUNTRY WINNERS International Bank of Azerbaijan (National, 2010)

2009:

COUNTRY WINNERS International Bank of Azerbaijan (National, 2009)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Azerbaijan GDP Data & Country Report | Global Finance

WORLD'S BEST INTERNET BANKS

2009:

WORLD'S BEST EMERGING MARKET BANKS

2011:

2010:

2009: