Divergent Destinies In The Caucasus
REGIONAL FOCUS
The countries of the Caucasus region (Azerbaijan, Armenia and Georgia) continue to march down very different economic paths, despite their proximity and sociocultural connections.
Azerbaijan GDP and Economic Data
Country Report 2015 - Includes Azerbaijan real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Azerbaijan economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Azerbaijan best banks and safest banks are also available.
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International Reserves
US$ 15.176 billion (Source: World Bank; Data updated: 2013)
Gross Domestic Product - GDP
US$ 85 billion (2015 estimate)
GDP (Purchasing Power Parity)
179billion of International dollars (2015 estimate)
Real GDP growth
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 |
| 10.5% | 10.2% | 26.4% | 34.5% | 25.0% | 10.8% | 9.3% | 5.0% |
| 2011 | 2012 | 2013 | 2014* | 2015* | |||
| 0.1% | 2.2% | 5.8% | 4.5% | 4.3% |
*Estimate
GDP per capita - current prices
US$ 9,033 (2015 estimate)
GDP per capita - PPP
18,914 International Dollars (2015 estimate)
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2015* |
| N/A | N/A | 0.06% | 0.16% | 0.16% |
*Estimate
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GDP - composition by sector
- agriculture: 6.2%
- industry: 63%
- services: 30.8% (2013 estimate)
Source
Inflation
| 2011 | 2012 | 2013 | 2014* | 2015* |
| 7.9% | 1.0% | 2.4% | 2.8% |
3.0% |
*Estimate
Unemployment rate
| 2011 | 2012 | 2013 | 2014* | 2015* |
| 6.0% | 6.0% | 6.0% | 6.0% | 6.0% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2010 | 2011 | 2012 | 2013 | 2014* | 2015* |
| 11.1% | 10.1% | 11.6% | 13.8% | 15.9% |
18.0% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2010 | 2011 | 2012 | 2013 | 2014* | 2015* |
| 14% | 11.6% | 3.8% | 1.4% | 0.3% |
-1.8% |
*Estimate
Government bond ratings
Standard & Poor's: BBB-
Moody's rating: Baa3
Moody's outlook: STA
(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)
Source
Market value of publicly traded shares
| 2009 | 2010 | 2011 |
| N/A | N/A | 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)
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Import commodities
machinery and equipment, oil products, foodstuffs, metals, chemicals
Source
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.)
Source
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.)
Source
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)
Source
Index of Economic FreedomWSJ and Heritage Foundation
Ranking: 81 Score: 61.3 (Moderately Free) (2014)
(100=totally free 0=totally repressed )
Source
Languages
Azerbaijani (Azeri) (official) 92.5%, Russian 1.4%, Armenian 1.4%, other 4.7% (2009 est.)
Source
Religions
Muslim 93.4%, Russian Orthodox 2.5%, Armenian Orthodox 2.3%, other 1.8% (1995 estimate)
Source
Total population
| 1990 | 2000 | 2010 | 2014* | 2019** |
| N/A | 8.033 million | 8.998 million | 9.383 million | 9.765 million |
*Estimate **Forecast
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2013 |
| 47.7% | 53% | 51% | 54% |
% 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)
Source
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)