Economy - overview:
Azerbaijan's high economic growth has been attributable to large and growing oil and gas exports, but some non-export sectors also featured double-digit growth, including construction, banking, and real estate. Oil exports through the Baku-Tbilisi-Ceyhan Pipeline, the Baku-Novorossiysk, and the Baku-Supsa pipelines remain the main economic driver, but efforts to boost Azerbaijan's gas production are underway. The eventual completion of the geopolitically important Southern Gas Corridor between Azerbaijan and Europe will open up another, albeit, smaller source of revenue from gas exports. Azerbaijan has made only limited progress on instituting market-based economic reforms. Pervasive public and private sector corruption and structural economic inefficiencies remain a drag on long-term growth, particularly in non-energy sectors. Several other obstacles impede Azerbaijan's economic progress, including the need for stepped up foreign investment in the non-energy sector and the continuing conflict with Armenia over the Nagorno-Karabakh region. Trade with Russia and the other former Soviet republics is declining in importance, while trade is building with Turkey and the nations of Europe. Long-term prospects depend on world oil prices, Azerbaijan's ability to negotiate export routes for its growing gas production, and its ability to use its energy wealth to promote growth and spur employment in non-energy sectors of the economy.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): Gross national saving: GDP - composition, by end use:
GDP - composition, by sector of origin:
Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation:
Unemployment rate: Population below poverty line: Household income or consumption by percentage share:
Distribution of family income - Gini index: Budget:
Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Azerbaijan on this page is re-published from the 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Azerbaijan Economy 2015 information contained here. All suggestions for corrections of any errors about Azerbaijan Economy 2015 should be addressed to the CIA.
$102.7 billion (2013 est.)
country comparison to the world: 75
note:
data are in 2013 US dollars
[see also: GDP country ranks ]
$76.01 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]
5.8% (2013 est.)
country comparison to the world: 40
[see also: GDP - real growth rate country ranks ]
$10,800 (2013 est.)
country comparison to the world: 114
note:
data are in 2013 US dollars
[see also: GDP - per capita country ranks ]
41% of GDP (2013 est.)
country comparison to the world: 10
[see also: Gross national saving country ranks ]
household consumption:
41.4%
government consumption:
10.5%
investment in fixed capital:
23.3%
investment in inventories:
0.1%
exports of goods and services:
49.9%
imports of goods and services:
-25.2%
agriculture:
6.2%
industry:
63%
services:
30.8% (2013 est.)
cotton, grain, rice, grapes, fruit, vegetables, tea, tobacco; cattle, pigs, sheep, goats
petroleum and petroleum products, natural gas, oilfield equipment; steel, iron ore; cement; chemicals and petrochemicals; textiles
3% (2013 est.)
country comparison to the world: 100
[see also: Industrial production growth rate country ranks ]
4.68 million (2012 est.)
country comparison to the world: 83
[see also: Labor force country ranks ]
agriculture:
38.3%
industry:
12.1%
services:
49.6% (2008)
6% (2013 est.)
country comparison to the world: 60
[see also: Unemployment rate country ranks ]
6% (2012 est.)
[see also: Population below poverty line country ranks ]
lowest 10%:
3.4%
highest 10%:
27.4% (2008)
33.7 (2008)
country comparison to the world: 98
[see also: Distribution of family income - Gini index country ranks ]
revenues:
$27.61 billion
expenditures:
$27.24 billion (2013 est.)
36.3% of GDP (2013 est.)
country comparison to the world: 60
[see also: Taxes and other revenues country ranks ]
0.5% of GDP (2013 est.)
country comparison to the world: 34
[see also: Budget surplus (+) or deficit (-) country ranks ]
7.5% of GDP (2013 est.)
country comparison to the world: 153
[see also: Public debt country ranks ]
calendar year
2.4% (2013 est.)
country comparison to the world: 91
[see also: Inflation rate (consumer prices) country ranks ]
5% (31 December 2012 est.)
country comparison to the world: 65
note:
this is the Refinancing Rate, the key policy rate for the National Bank of Azerbaijan
[see also: Central bank discount rate country ranks ]
17% (31 December 2013 est.)
country comparison to the world: 20
[see also: Commercial bank prime lending rate country ranks ]
$17.17 billion (31 December 2013 est.)
country comparison to the world: 66
[see also: Stock of narrow money country ranks ]
$21.88 billion (31 December 2013 est.)
country comparison to the world: 83
[see also: Stock of broad money country ranks ]
$21.76 billion (31 December 2013 est.)
country comparison to the world: 80
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
$13.28 billion (2013 est.)
country comparison to the world: 20
[see also: Current account balance country ranks ]
$34.46 billion (2013 est.)
country comparison to the world: 63
[see also: Exports country ranks ]
oil and gas 90%, machinery, cotton, foodstuffs
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.)
$10.72 billion (2013 est.)
country comparison to the world: 97
[see also: Imports country ranks ]
machinery and equipment, oil products, foodstuffs, metals, chemicals
Russia 14.1%, Turkey 13.7%, UK 12.5%, Germany 7.7%, Ukraine 5.5%, China 5.3%, France 4% (2013 est.)
$13.08 billion (31 December 2013 est.)
country comparison to the world: 70
[see also: Reserves of foreign exchange and gold country ranks ]
$9.552 billion (31 December 2013 est.)
country comparison to the world: 101
[see also: Debt - external country ranks ]
$14.35 billion (31 December 2013 est.)
country comparison to the world: 83
[see also: Stock of direct foreign investment - at home country ranks ]
$8.616 billion (31 December 2013 est.)
country comparison to the world: 56
[see also: Stock of direct foreign investment - abroad country ranks ]
Azerbaijani manats (AZN) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
Airport Codes
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This page was last modified 10-Feb-15