Source
Central bank

The Central Bank of the Republic of Azerbaijan

International Reserves

USD 6.3 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 38.5 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 173.9 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
34.5% 25% 10.8% 9.3% 5% 0.1% 2.2%
2013 2014 2015 2016* 2017*    
5.8% 2.8% 1.1% -2.4% 1.4%    

*Estimate

GDP per capita - current prices

USD 4,028.0 (2017, estimate)

GDP per capita - PPP

Intl$ 18,179.4 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
N/A N/A 0.06% 0.16% 0.1%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 6.4% 
  • industry: 61.1% 
  • services: 32.5%

(2016 estimate)

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

N/A

 

Inflation
2013 2014 2015 2016* 2017*
2.4% 1.4% 4.0% 10.2% 8.5%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
6.0% 6.0% 6.0% 6.0% 6.0%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
12.8% 11.2% 28.3% 39.6% 36.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
1% 3.2% -6.8% -9.9% -3.9%

*Estimate

Government bond ratings

Standard & Poor's: BB+

Moody's: Ba1

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies in Azerbaijan

N/A

 
 
Source
Current account balance

US$ 11.914 billion (2014 estimate)

Current account balance by percentage of GDP

15.012% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

48.7% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

0.18% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.09% (2012)

(Data were released in 2014)

Total exports

US$34.460 billion (2013 estimate) 

Export commodities

oil and gas 90%, machinery, cotton, foodstuffs

Total imports

US$10.720 billion (2013 estimate) 

 
 
Source
Import commodities

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

Exports - major partners

Italy 25%, Indonesia 11.6%, Thailand 7%, Germany 5.7%, Israel 5.3%, France 4.7%, India 4.6%, Russia 4.5%, USA 4.1% (2013 est.)

Imports - major partners

Russia 14.1%, Turkey 13.7%, UK 12.5%, Germany 7.7%, Ukraine 5.5%, China 5.3%, France 4% (2013 est.)

FDI inflows
2011 2012 2013
US$ 1,465 million US$ 2,005 million US$ 2,632 million
FDI outflows
2011 2012 2013  
US$ 533 million US$ 1,192 million US$ 1,490 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 0 US$ 2 million US$ 748 million US$ 0 
Cross-border M&A; deals worth over $3 billion completed in 2012 (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 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 70 out of 189 countries (2013)

Subcategories:

Starting a business: 10 out of 189 countries

Enforcing Contracts: 28 out of 189 countries

Registering Property: 13 out of 189 countries

Getting credit: 55 out of 189 countries

Protecting investors: 22 out of 189 countries

Trading across border: 168 out of 189 countries

Paying Taxes: 77 out of 189 countries

Dealing with Construction Permits: 180 out of 189 countries

Getting Electricity: 181 out of 189 countries

Resolving Insolvency: 86 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

38

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 81 Score: 61.3 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+4

Total area

86,600 sq km

Capital

Baku (Baki, Baky)

Currency

Azerbaijani manats (AZN)

Government type

republic

Languages

Azerbaijani (Azeri) (official) 92.5%, Russian 1.4%, Armenian 1.4%, other 4.7% (2009 est.)

Religions

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

Total population
1990 2000 2010 2014* 2019**
N/A 8.033 million 8.998 million 9.383 million 9.765 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
47.7% 53% 51% 54%
Population median age

30.1 years (2014 est.)

Population growth rate

0.99% (2014 est.)

Life expectancy

71.91 years (2014 estimate)

Adult literacy

99.8% (2010 estimate)

% of population living on less than $2 a day

2.4% (2008)

Inequality of wealth distribution (Gini index)

33.0 (2008)
(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 6
Civil Liberties: 6 (2014)

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

Total telephone subscribers as % of population

Fixed 18.7%   Mobile 107.6%

(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

58.70% (2013)

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

Baku 46th (2014)

CO2 emissions(Metric tons of CO2 per capita)

5.1 (2010)

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