
Islamic Finance FAQ: A Global Finance Series
Islamic finance is a fast-growing $2 trillion industry, yet many finance professionals do not know halal from haram. Global Finance's series on Islamic finance explains.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Azerbaijan economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Azerbaijan best banks and safest banks are also available.
REGIONAL FOCUS
The countries of the Caucasus region (Azerbaijan, Armenia and Georgia) continue to march down very different economic paths, despite their proximity and sociocultural connections.
The Central Bank of the Republic of Azerbaijan
USD 6.3 billion (2015)
International Monetary Fund (IMF), data retrieved January 2017
USD 38.5 billion (2017, estimate)
Intl$ 173.9 billion (2017, estimate)
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
1980 | 1990 | 2000 | 2010 | 2017* |
N/A | N/A | 0.06% | 0.16% | 0.1% |
*Estimate
(2016 estimate)
2013 | 2014 | 2015 | 2016* | 2017* |
2.4% | 1.4% | 4.0% | 10.2% | 8.5% |
*Estimate
2013 | 2014 | 2015 | 2016* | 2017* |
6.0% | 6.0% | 6.0% | 6.0% | 6.0% |
*Estimate
2013 | 2014 | 2015 | 2016* | 2017* |
12.8% | 11.2% | 28.3% | 39.6% | 36.1% |
*Estimate
2013 | 2014 | 2015 | 2016* | 2017* |
1% | 3.2% | -6.8% | -9.9% | -3.9% |
*Estimate
Standard & Poor's: BB+
Moody's: Ba1
Standard & Poor's / Moody's (Updated January 2017)
2013 | 2014 | 2015 |
N/A | N/A | N/A |
3.1% (2017 estimate)
37.8% (2015)
0.09% (2015)
0.09% (2015)
Oil and gas 90%, machinery, foodstuffs, cotton
Machinery and equipment, foodstuffs, metals, chemicals
Italy 26.3%, Germany 13.3%, Indonesia 7%, France 6.9%, Czech Republic 6% (2015)
Russia 19.9%, Turkey 16.5%, UK 8.6%, Germany 6.6%, Italy 6.3%, US 4.1% (2015)
2013 | 2014 | 2015 |
USD 2,632 million | USD 4,430 million | USD 4,048 million |
2013 | 2014 | 2015 |
USD 1,490 million | USD 3,230 million | USD 3,260 million |
2012 | 2013 | 2014 | 2015 |
USD 747.8 million | N/A | USD 255.6 million | USD -457.6 million |
N/A
(for a monthly update on M&A; click here )
N/A
(for a monthly update on M&A; click here )
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
37 out of 138 countries
(2016-2017)
Ranking: 91 / Score: 60.2 (Moderately free) (2017)
(100=totally free 0=totally repressed)
Azerbaijani (Azeri) (official) 92.5%, Russian 1.4%, Armenian 1.4%, other 4.7% (2009 est.)
Muslim 96.9% (predominantly Shia), Christian 3%, other <0.1, unaffiliated <0.1 (2010 est.)
1990 | 2000 | 2010 | 2016* | 2021* |
N/A | 8.139 million | 9.049 million | 9.492 million | 9.878 million |
*Estimate
1960 | 1980 | 2000 | 2015 |
53% | 53% | 51% | 55% |
Total population: 99.8%
Male: 99.9%
Female: 99.8% (2015 est.)
(age 15 and over can read and write)
Political Rights: 7
Civil Liberties: 6 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 18.68% Mobile 111.28% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)