Azerbaijan Economic Statistics and Indicators

31, Oct 2020, EDT. Welcome to the Azerbaijan economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Azerbaijan › Change country
National or Regional Currency: Azerbaijani Manat, AZM
Year of data: 2015 › Change year
Number of Indicators Listed: 36
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 9,686,210 (July 2014 est.)
Area: total: 86,600 sq km ; land: 82,629 sq km ; water: 3,971 sq km ; note: includes the exclave of Naxcivan Autonomous Republic and the Nagorno-Karabakh region; the region's autonomy was abolished by Azerbaijani Supreme Soviet on 26 November 1991
Natural Resources: petroleum, natural gas, iron ore, nonferrous metals, bauxite
Capital: name: Baku (Baki, Baky) ; geographic coordinates: 40 23 N, 49 52 E ; time difference: UTC+4 (9 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

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.
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GDP (Constant Prices, National Currency) for Azerbaijan in year 2015 is AZM 23.921 Billion.

GDP Growth (Constant Prices, National Currency) for Azerbaijan in year 2015 is 1.1 %.

GDP (Current Prices, National Currency) for Azerbaijan in year 2015 is AZM 54.352 Billion.

GDP (Current Prices, US Dollars) for Azerbaijan in year 2015 is US$ 54.048 Billion.

GDP Deflator for Azerbaijan in year 2015 is 227.214 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Azerbaijan in year 2015 is AZM 2,540.20 .

GDP Per Capita (Current Prices, National Currency) for Azerbaijan in year 2015 is AZM 5,771.68 .

GDP Per Capita (Current Prices, US Dollars) for Azerbaijan in year 2015 is US$ 5,739.43 .

GDP (PPP), US Dollars for Azerbaijan in year 2015 is US$ 169.445 Billion.

GDP Per Capita (PPP), US Dollars for Azerbaijan in year 2015 is US$ 17,993.43 .

GDP Share of World Total (PPP) for Azerbaijan in year 2015 is 0.149 %.

Implied PPP Conversion Rate for Azerbaijan in year 2015 is 0.321 .

Investment (% of GDP) for Azerbaijan in year 2015 is 26.367 %.

Gross National Savings (% of GDP) for Azerbaijan in year 2015 is 26.597 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Azerbaijan in year 2015 is 276.345 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Azerbaijan in year 2015 is 4.04 %.

Inflation, End of Year (Indexed to Year 2000) for Azerbaijan in year 2015 is 248.79 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Azerbaijan in year 2015 is 7.59 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Azerbaijan in year 2015 is -2.595 %.

Import Volumes of Goods Only (Percent Change) for Azerbaijan in year 2015 is 18.202 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Azerbaijan in year 2015 is 7.434 %.

Export Volumes of Goods Only (Percent Change) for Azerbaijan in year 2015 is 5.421 %.

Unemployment Rate (% of Labour Force) for Azerbaijan in year 2015 is 6.048 %.

Population for Azerbaijan in year 2015 is 9.417 Million .

General government revenue (National Currency) for Azerbaijan in year 2015 is AZM 19.096 Billions.

General government revenue (% of GDP) for Azerbaijan in year 2015 is 35.134 %.

General government total expenditure (National Currency) for Azerbaijan in year 2015 is AZM 20.949 Billions.

General government total expenditure (% of GDP) for Azerbaijan in year 2015 is 38.544 %.

Total Government Net Lending/ Borrowing (National Currency) for Azerbaijan in year 2015 is AZM -1.853 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Azerbaijan in year 2015 is -3.41 %.

Fiscal Year Gross Domestic Product, Current Prices for Azerbaijan in year 2015 is AZM 54.352 Billions.

Current Account Balance (US Dollars) for Azerbaijan in year 2015 is US$ 0.125 Billion.

Current Account Balance (% GDP) for Azerbaijan in year 2015 is 0.23 %.