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

N/A

 
 
Source
Current account balance

USD 1.2 billion (2017 estimate)

Current account balance by percentage of GDP

3.1% (2017 estimate)

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

37.8% (2015)

Shares in world total merchandising export

0.09% (2015)

Shares in world total commercial services export

0.09% (2015)

Total exports

USD 12.5 billion (2016 estimate)

Export commodities

Oil and gas 90%, machinery, foodstuffs, cotton

Total imports

USD 7.7 billion (2016 estimate)

 
 
Source
Import commodities

Machinery and equipment, foodstuffs, metals, chemicals

Exports - major partners

Italy 26.3%, Germany 13.3%, Indonesia 7%, France 6.9%, Czech Republic 6% (2015)

Imports - major partners

Russia 19.9%, Turkey 16.5%, UK 8.6%, Germany 6.6%, Italy 6.3%, US 4.1% (2015)

FDI inflows
2013 2014 2015
USD 2,632 million USD 4,430 million USD 4,048 million
FDI outflows
2013 2014 2015
USD 1,490 million USD 3,230 million USD 3,260 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 747.8 million N/A USD 255.6 million USD -457.6 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 65 out of 190 countries (2016)

Subcategories:

Starting a business: 5 out of 190 countries

Enforcing Contracts: 44 out of 190 countries

Registering Property: 22 out of 190 countries

Getting credit: 118 out of 190 countries

Protecting investors: 32 out of 190 countries

Trading across border: 83 out of 190 countries

Paying Taxes: 40 out of 190 countries

Dealing with Construction Permits: 127 out of 190 countries

Getting Electricity: 105 out of 190 countries

Resolving Insolvency: 86 out of 190 countries

Global competitiveness ranking

37 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 91 / Score: 60.2 (Moderately free) (2017)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+4

Total area

86,600 sq km

Capital

Baku

Currency

Azerbaijani manats (AZN)

Government type

Presidential republic

Languages

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

Religions

Muslim 96.9% (predominantly Shia), Christian 3%, other <0.1, unaffiliated <0.1 (2010 est.)

Total population
1990 2000 2010 2016* 2021*
N/A 8.139 million 9.049 million 9.492 million 9.878 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
53% 53% 51% 55%
Population median age

30.9 years (2016 estimate)

Population growth rate

0.92% (2016 estimate)

Life expectancy

72.5 years (2016 estimate)

Literacy

Total population: 99.8%
Male: 99.9%
Female: 99.8% (2015 est.)

(age 15 and over can read and write) 

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 7
Civil Liberties: 6 (2017)

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

Source
Total telephone subscribers as % of population

Fixed 18.68%   Mobile 111.28% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

77% (2015)

Mercer Cost of living index

Baku: 172nd (2016) 

CO2 emissions

3.8 (2013)

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