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Economy of Azerbaijan. Statistics, Data and Indicators

flag
Azerbaijan
55BB+ Credit rank #54
N/A Quality of life #
129 Corruption rank#142
34 Ease of doing business#25
Azerbaijan


Azerbaijan Major Economic Indicators

Indicator Data Period
GDP Value 42.61 USD Billion 2020
GDP Annual Growth Rate 3.07 % 1Q/21
GDP per capita 5593 USD 2020
Inflation Rate YoY 4.7 % Jun/21
Interest Rate 6.25 % Jun/21
Unemployment Rate 6.27 % 2020
Wages 722 AZN/Month | 424.706 USD/Month Apr/21
Balance of Trade 1548839 USD Thousand | 1.549 B USD 1Q/21
Current Account 628 USD Million | 0.628 B USD 1Q/21
Foreign Exchange Reserves 6369 USD Million | 6.369 B USD Dec/20


GDP
vvp
42.61
USD Billion
#91 from 174 countries
GDP per capita
vvp
5593
USD
#88 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 42.61 USD Billion 2020
GDP Annual Growth Rate 3.07 % 1Q/21
GDP per capita 5593 USD 2020
Gross National Product 78178 AZN Million | 45.987 B USD 2019
GDP Constant Prices 31532 AZN Million | 18.548 B USD May/21
GDP per capita PPP 13700 USD 2020
GDP From Agriculture  410 AZN Million | 0.241 B USD 4Q/20
GDP From Construction  854 AZN Million | 0.502 B USD 4Q/20
GDP From Manufacturing  476 AZN Million | 0.28 B USD 4Q/20
GDP From Mining  3598 AZN Million | 2.116 B USD 4Q/20
GDP From Public Administration  164 AZN Million | 0.096 B USD 4Q/20
GDP From Services  755 AZN Million | 0.444 B USD 4Q/20
GDP From Transport  1070 AZN Million | 0.629 B USD 4Q/20
GDP From Utilities  37.9 AZN Million | 0.022 B USD 4Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 20.1 % 2020
Government Budget Value 369 AZN Million | 0.217 USD Billion May/21
Government Spending 3451 AZN Million | 2.03 USD Billion 4Q/20
Government Revenues 9735 AZN Million | 5.726 USD Billion May/21
Fiscal Expenditure  9366 AZN Million | 5.509 B USD May/21
Government Budget to GDP -2.4 % 2020
Government Spending to GDP 36.5 % 2020
Military Expenditure 2173 USD Million | 2.173 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 173 index points Jun/21
Export Prices 127 index points 2017
Food Inflation 4.8 % May/21
Gasoline Prices 0.59 USD/Liter Jun/21
GDP Deflator 107 index points Mar/21
Import Prices 128 index points 2020
Inflation Rate YoY 4.7 % Jun/21
Producer Prices 5.4 index points May/21
Inflation Rate Mom -0.5 % Jun/21
Producer Prices Change  52.1 % May/21


Trade Indicators

Indicator Data Period
Current Account to GDP -0.5 % 2020
Balance of Trade 1548839 USD Thousand | 1.549 USD Billion 1Q/21
Capital Flows 296 USD Million | 0.296 USD Billion 4Q/20
Current Account 628 USD Million | 0.628 USD Billion 1Q/21
Exports 3840624 USD Thousand | 3.841 USD Billion 1Q/21
External Debt 15840363 USD Thousand | 15.84 B USD 2019
Foreign Exchange Reserves 6369 USD Million | 6.369 USD Billion Dec/20
Imports 2291785 USD Thousand | 2.292 USD Billion 1Q/21
Tourist Arrivals 30950 Persons | 0.031 Million Persons 2019


Money Indicators

Indicator Data Period
Gold Reserves 0 Tonnes 1Q/21
Interest Rate 6.25 % Jun/21
Money Supply M0 10655 AZN Million | 6.268 USD Billion May/21
Money Supply M1 17633 AZN Million | 10.372 USD Billion Mar/21
Money Supply M2 21612 AZN Million | 12.713 USD Billion May/21
Money Supply M3 29300 AZN Million | 17.235 USD Billion Mar/21
Deposit Interest Rate 9.69 % 2019
Foreign Direct Investment 1136 USD Million | 1.136 B USD 4Q/20


Labor Indicators

Indicator Data Period
Minimum Wages 250 AZN/Month | 147.059 USD/Month 2020
Retirement Age Men 65 2020
Retirement Age Women 62 2020
Unemployment Rate 6.27 % 2020
Wages 722 AZN/Month | 424.706 USD/Month Apr/21
Employed Persons 4938 Thousand Person | 4.938 Million Person 2019
Living Wage Family 940 AZN/Month | 552.941 USD/Month 2018
Living Wage Individual 865 AZN/Month | 508.824 USD/Month 2018
Unemployed Persons 252 Thousand Persons | 0.252 Million Persons 2019
Wages High Skilled 666 AZN/Month | 391.765 USD/Month 2018
Wages in Manufacturing 632 AZN/Month | 371.765 USD/Month 2019
Wages Low Skilled  341 AZN/Month | 200.588 USD/Month 2018


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 727 BBL/D/1K Mar/21
Industrial Production -3.6 % 2021
Mining Production -5.5 % Mar/21


Business Indicators

Indicator Data Period
Corruption Index 30 index points 2020
Corruption Rank 129 place 2020
Ease of Doing Business 34 place 2019
Manufacturing Production 11.6 % 2019
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 -1.1 % 2021
Consumer Spending 10994 AZN Million | 6.467 USD Billion 4Q/20
Disposable Personal Income 57035 AZN Million | 33.55 B USD 2019


Gold Reserves
gold_reserve_icon
0
Tonnes
#114 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
6.369
USD Billion
#80 from 114 countries


Government Budget Value
balance_icon
0.217
USD Billion
#28 from 113 countries
Inflation Rate
inflation_icon
4.7
%
#77 from 174 countries


Interest Rate
discount_rate_icon
6.25
%
#38 from 159 countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
6.27
%
#103 from 171 countries
Wages
salary_icon
424.706
USD/Month
#71 from 82 countries


Retirement Age
man_icon
woman_icon
65
62
men
women
Taxes
company_icon
private_icon
20%
25%
company profits
income of individuals