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Economy of Azerbaijan. Statistics, Data and Indicators

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Azerbaijan
55BB+ Credit rank #54
N/A Quality of life #
128 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 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



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