Source
Central bank

Central Bank of Azerbaijan Republic

International Reserves

US$ 10.274 billion (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 72.182 billion (2011 estimate)

GDP (Purchasing Power Parity)

97.172 billion of International dollars (2011 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
6.5% 8.1% 10.5% 10.2% 26.4% 34.5% 25% 10.8%
2009 2010 2011 2012*        
9.3% 5% 0.1% 3.1%        

*Estimate

GDP per capita - current prices

US$ 7,850 (2009 estimate)

GDP per capita - PPP

$10,568 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

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 5.5% 
  • industry: 62.7% 
  • services: 31.8% (2011 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
1.6%(2008) 5.7% 7.9% 5.6%

*Estimate

Unemployment rate
2009 2010 2011 2012*
6% 6% 6%(2009) 6%

*Estimate

Household saving rates

N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
7.3% 12.1% 11.4% 10.2% 11.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
20% 6.8% 14.3% 13.3% 10.9%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BBB-

Moody's rating: Baa3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Azerbaijan

N/A

 
 
Source
Current account balance

US$ 15.7 billion (2011 estimate)(After 2008)

Current account balance by percentage of GDP

21.8% of GDP (2011 estimate)(2009)

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

55.1% (2010)

(Data released on April 2012)

Shares in world total merchandising export

0.19%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

0.06% (2011)(2007)

(Data were released in 2012)

Total exports

US$30.58 billion (2012 estimate) 

Export commodities

oil and gas 90%, machinery, cotton, foodstuffs

Total imports

US$10.78 billion (2012 estimate) 

 
 
Source
Import commodities

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

Exports - major partners

Italy 32.4%, France 13.2%, US 7.5%, Germany 6.2%, Indonesia 5.4%, Czech Republic 5.3% (2011)

Imports - major partners

Turkey 18.1%, Russia 15.5%, China 7.8%, Germany 7.2%, UK 6.1%, Ukraine 4.6%, Italy 4.2% (2011)

FDI inflows
2009 2010 2011
US$473 million US$563 million(2009) US$1,465 million(2009)
FDI outflows
2009 2010 2011  
US$326 million US$232 million US$533 million  
Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
US$519 million N/A(2009) N/A(2009) US$2 million
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

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

Cross-border M&A; deals worth over $3 billion completed in 2011(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 67 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 18 out of 185 countries(2009)

Enforcing Contracts: 25 out of 185 countries

Registering Property: 9 out of 185 countries

Getting credit: 53 out of 185 countries

Protecting investors: 25 out of 185 countries

Trading across border: 169 out of 185 countries

Paying Taxes: 76 out of 185 countries

Dealing with Construction Permits: 177 out of 185 countries

Getting Electricity: 175 out of 185 countries

Resolving Insolvency: 95 out of 185 countries

(2013)

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

46

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 91 Score: 58.9 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

 
 
Source
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 2012* 2017**
N/A N/A 8.14 million 9.2 million 9.57 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
47.7% 52.8% 51.2% 53.6%
Population median age

30 years (2010)

Population growth rate

1.2% (2011)

Life expectancy

71 years (2010)

Adult literacy

100% (2005/2010)

% of population living on less than $2 a day

7.75% (2011)

Inequality of wealth distribution (Gini index)

33.71 (2008)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:5 (2011)

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

Source
Total telephone subscribers as % of population

126.84% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

50% (Data were released in 2012 and refer to 2011)

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: 48th (2011)

Source
CO2 emissions(Metric tons of CO2 per capita)

5.4127 (Data were released in 2012 and refer to 2009)