Economy of Azerbaijan. Statistics, Data and Indicators
Azerbaijan
| 55BB+ | Credit rank #54 |
| N/A | Quality of life # |
| 128 | Corruption rank#142 |
| 34 | Ease of doing business#25 |
Azerbaijan Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 42.61 USD Billion | 2020 |
| GDP Annual Growth Rate | 6.8 % | 1Q/22 |
| GDP per capita | 5073 USD | 2020 |
| Inflation Rate YoY | 12.6 % | May/22 |
| Interest Rate | 7.75 % | Jun/22 |
| Unemployment Rate | 6 % | 2021 |
| Wages | 825 AZN/Month | 485.294 USD/Month | Apr/22 |
| Balance of Trade | 6406225 USD Thousand | 6.406 B USD | 1Q/22 |
| Current Account | 4352 USD Million | 4.352 B USD | 4Q/21 |
| Foreign Exchange Reserves | 7136 USD Million | 7.136 B USD | Mar/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 42.61 USD Billion | 2020 |
| GDP Annual Growth Rate | 6.8 % | 1Q/22 |
| GDP per capita | 5073 USD | 2020 |
| Gross National Product | 72006 AZN Million | 42.356 B USD | 2020 |
| GDP Constant Prices | 50868 AZN Million | 29.922 B USD | May/22 |
| GDP per capita PPP | 13700 USD | 2020 |
| GDP From Agriculture | 398 AZN Million | 0.234 B USD | 4Q/21 |
| GDP From Construction | 947 AZN Million | 0.557 B USD | 4Q/21 |
| GDP From Manufacturing | 545 AZN Million | 0.321 B USD | 4Q/21 |
| GDP From Mining | 3758 AZN Million | 2.211 B USD | 4Q/21 |
| GDP From Public Administration | 166 AZN Million | 0.098 B USD | 4Q/21 |
| GDP From Services | 818 AZN Million | 0.481 B USD | 4Q/21 |
| GDP From Transport | 1276 AZN Million | 0.751 B USD | 4Q/21 |
| GDP From Utilities | 43.3 AZN Million | 0.025 B USD | 4Q/21 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 18.2 % | 2021 |
| Government Budget Value | 2519 AZN Million | 1.482 USD Billion | Apr/22 |
| Government Spending | 3239 AZN Million | 1.905 USD Billion | 4Q/21 |
| Government Revenues | 12442 AZN Million | 7.319 USD Billion | May/22 |
| Fiscal Expenditure | 10450 AZN Million | 6.147 B USD | May/22 |
| Government Budget to GDP | -1.1 % | 2021 |
| Government Spending to GDP | 29.5 % | 2021 |
| Military Expenditure | 2173 USD Million | 2.173 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 191 index points | Apr/22 |
| Export Prices | 127 index points | 2017 |
| Food Inflation | 17.9 % | May/22 |
| Gasoline Prices | 0.59 USD/Liter | Jun/22 |
| GDP Deflator | 147 index points | Mar/22 |
| Import Prices | 128 index points | 2020 |
| Inflation Rate YoY | 12.6 % | May/22 |
| Producer Prices | 170 index points | Dec/21 |
| Inflation Rate Mom | 0.7 % | May/22 |
| Producer Prices Change | 121 % | May/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 15.2 % | 2021 |
| Balance of Trade | 6406225 USD Thousand | 6.406 USD Billion | 1Q/22 |
| Capital Flows | 3596 USD Million | 3.596 USD Billion | 4Q/21 |
| Current Account | 4352 USD Million | 4.352 USD Billion | 4Q/21 |
| Exports | 13892879 USD Thousand | 13.893 USD Billion | 1Q/22 |
| External Debt | 15811924 USD Thousand | 15.812 B USD | 2020 |
| Foreign Exchange Reserves | 7136 USD Million | 7.136 USD Billion | Mar/22 |
| Imports | 7486654 USD Thousand | 7.487 USD Billion | 1Q/22 |
| Tourist Arrivals | 2304 Persons | 0.002 Million Persons | 2020 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 0 Tonnes | 1Q/22 |
| Interest Rate | 7.75 % | Jun/22 |
| Money Supply M0 | 11252 AZN Million | 6.619 USD Billion | May/22 |
| Money Supply M1 | 20250 AZN Million | 11.912 USD Billion | Mar/22 |
| Money Supply M2 | 25371 AZN Million | 14.924 USD Billion | May/22 |
| Money Supply M3 | 34910 AZN Million | 20.535 USD Billion | Mar/22 |
| Deposit Interest Rate | 8.71 % | 2021 |
| Foreign Direct Investment | 1131 USD Million | 1.131 B USD | 4Q/21 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 300 AZN/Month | 176.471 USD/Month | 2022 |
| Retirement Age Men | 65 | 2022 |
| Retirement Age Women | 63 | 2022 |
| Unemployment Rate | 6 % | 2021 |
| Wages | 825 AZN/Month | 485.294 USD/Month | Apr/22 |
| Employed Persons | 4877 Thousand Person | 4.877 Million Person | 2020 |
| Living Wage Family | 940 AZN/Month | 552.941 USD/Month | 2018 |
| Living Wage Individual | 865 AZN/Month | 508.824 USD/Month | 2018 |
| Unemployed Persons | 316 Thousand Persons | 0.316 Million Persons | 2021 |
| Wages High Skilled | 666 AZN/Month | 391.765 USD/Month | 2018 |
| Wages in Manufacturing | 644 AZN/Month | 378.824 USD/Month | 2020 |
| Wages Low Skilled | 341 AZN/Month | 200.588 USD/Month | 2018 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2022 |
| Personal Income Tax Rate | 25 % | 2022 |
| Sales Tax Rate | 18 % | 2022 |
| Social Security Rate | 25 % | 2022 |
| Social Security Rate For Companies | 22 % | 2022 |
| Social Security Rate For Employees | 3 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 681 BBL/D/1K | Feb/22 |
| Industrial Production | 3.9 % | 2022 |
| Mining Production | -0.1 % | Mar/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 30 index points | 2021 |
| Corruption Rank | 128 place | 2021 |
| Ease of Doing Business | 34 place | 2019 |
| Manufacturing Production | 19.8 % | 2021 |
| Competitiveness Index | 62.72 Index Points | 2019 |
| Competitiveness Rank | 58 | 2019 |
| Leading Economic Index | 2.1 % | Jun/21 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Retail Sales YoY | 3.1 % | 2022 |
| Consumer Spending | 12844 AZN Million | 7.555 USD Billion | 4Q/21 |
| Disposable Personal Income | 57182 AZN Million | 33.636 B USD | 2021 |
