Economy of Azerbaijan. Statistics, Data and Indicators
Azerbaijan
| 55BB+ | Credit rank #54 |
| N/A | Quality of life # |
| 126 | Corruption rank#142 |
| 34 | Ease of doing business#25 |
Azerbaijan Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 48.05 USD Billion | 2019 |
| GDP Annual Growth Rate | -3.5 % | 3Q/20 |
| GDP per capita | 5880 USD | 2019 |
| Inflation Rate YoY | 2.8 % | Oct/20 |
| Interest Rate | 6.5 % | Oct/20 |
| Unemployment Rate | 4.8 % | 2019 |
| Wages | 707 AZN/Month | 415.882 USD/Month | Sep/20 |
| Balance of Trade | 1873068 USD Thousand | 1.873 B USD | 1Q/20 |
| Current Account | 646 USD Million | 0.646 B USD | 1Q/20 |
| Foreign Exchange Reserves | 6394 USD Million | 6.394 B USD | Mar/20 |
GDP
48.05
USD Billion
#91 from 174 countries
GDP per capita
5880
USD
#88 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 48.05 USD Billion | 2019 |
| GDP Annual Growth Rate | -3.5 % | 3Q/20 |
| GDP per capita | 5880 USD | 2019 |
| Gross National Product | 75956 AZN Million | 44.68 B USD | 2018 |
| GDP Constant Prices | 58470 AZN Million | 34.394 B USD | Oct/20 |
| GDP per capita PPP | 14404 USD | 2019 |
| GDP From Agriculture | 182 AZN Million | 0.107 B USD | 1Q/20 |
| GDP From Construction | 250 AZN Million | 0.147 B USD | 1Q/20 |
| GDP From Manufacturing | 356 AZN Million | 0.209 B USD | 1Q/20 |
| GDP From Mining | 2402 AZN Million | 1.413 B USD | 1Q/20 |
| GDP From Public Administration | 158 AZN Million | 0.093 B USD | 1Q/20 |
| GDP From Services | 540 AZN Million | 0.318 B USD | 1Q/20 |
| GDP From Transport | 809 AZN Million | 0.476 B USD | 1Q/20 |
| GDP From Utilities | 36.8 AZN Million | 0.022 B USD | 1Q/20 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 48.4 % | 2018 |
| Government Budget Value | 515 AZN Million | 0.303 USD Billion | Oct/20 |
| Government Spending | 1901 AZN Million | 1.118 USD Billion | 1Q/20 |
| Government Revenues | 20207 AZN Million | 11.886 USD Billion | Oct/20 |
| Fiscal Expenditure | 20722 AZN Million | 12.189 B USD | Oct/20 |
| Government Budget to GDP | -0.4 % | 2018 |
| Government Spending to GDP | 28.5 % | 2018 |
| Military Expenditure | 1624 USD Million | 1.624 B USD | 2018 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 165 index points | Oct/20 |
| Export Prices | 127 index points | 2017 |
| Food Inflation | 5.1 % | Oct/20 |
| Gasoline Prices | 0.53 USD/Liter | Oct/20 |
| GDP Deflator | 98.1 index points | Mar/20 |
| Import Prices | 123 index points | 2017 |
| Inflation Rate YoY | 2.8 % | Oct/20 |
| Producer Prices | 6.5 index points | Jul/20 |
| Inflation Rate Mom | 0.2 % | Oct/20 |
| Producer Prices Change | -29.1 % | Jul/20 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 7.9 % | 2018 |
| Balance of Trade | 1873068 USD Thousand | 1.873 USD Billion | 1Q/20 |
| Capital Flows | 1394 USD Million | 1.394 USD Billion | 1Q/20 |
| Current Account | 646 USD Million | 0.646 USD Billion | 1Q/20 |
| Exports | 4463169 USD Thousand | 4.463 USD Billion | 1Q/20 |
| External Debt | 15840363 USD Thousand | 15.84 B USD | 2019 |
| Foreign Exchange Reserves | 6394 USD Million | 6.394 USD Billion | Mar/20 |
| Imports | 2590101 USD Thousand | 2.59 USD Billion | 1Q/20 |
| Tourist Arrivals | 12777 Persons | 0.013 Million Persons | 2018 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 0 Tonnes | 1Q/20 |
| Interest Rate | 6.5 % | Oct/20 |
| Money Supply M0 | 9723 AZN Million | 5.719 USD Billion | Jul/20 |
| Money Supply M1 | 14943 AZN Million | 8.79 USD Billion | Jun/20 |
| Money Supply M2 | 17928 AZN Million | 10.546 USD Billion | Jul/20 |
| Money Supply M3 | 26214 AZN Million | 15.42 USD Billion | Jun/20 |
| Deposit Interest Rate | 9.69 % | 2019 |
| Foreign Direct Investment | 915 USD Million | 0.915 B USD | 2Q/19 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 250 AZN/Month | 147.059 USD/Month | 2020 |
| Retirement Age Men | 63.5 | 2018 |
| Retirement Age Women | 60.5 | 2018 |
| Unemployment Rate | 4.8 % | 2019 |
| Wages | 707 AZN/Month | 415.882 USD/Month | Sep/20 |
| 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 | 631 AZN/Month | 371.176 USD/Month | 2019 |
| Wages Low Skilled | 341 AZN/Month | 200.588 USD/Month | 2018 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2020 |
| Personal Income Tax Rate | 25 % | 2019 |
| Sales Tax Rate | 18 % | 2020 |
| Social Security Rate | 25 % | 2020 |
| Social Security Rate For Companies | 22 % | 2020 |
| Social Security Rate For Employees | 3 % | 2020 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 645 BBL/D/1K | Jul/20 |
| Industrial Production | -1.5 % | 2020 |
| Mining Production | 6.1 % | Sep/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 30 index points | 2019 |
| Corruption Rank | 126 place | 2019 |
| Ease of Doing Business | 34 place | 2019 |
| Manufacturing Production | 8 % | 2018 |
| Competitiveness Index | 62.72 Index Points | 2019 |
| Competitiveness Rank | 58 | 2019 |
| Leading Economic Index | -3.8 % | Oct/20 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Retail Sales YoY | 3 % | 2018 |
| Consumer Spending | 11227 AZN Million | 6.604 USD Billion | 1Q/20 |
| Disposable Personal Income | 53689 AZN Million | 31.582 B USD | 2018 |
Gold Reserves
0
Tonnes
#114 from 114 countries
Foreign Exchange Reserves
6.394
USD Billion
#80 from
114 countries
Government Budget Value
0.303
USD Billion
#28 from 113 countries
Inflation Rate
2.8
%
#77 from
174 countries
Interest Rate
6.5
%
#38 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
4.8
%
#103 from
171 countries
Wages
415.882
USD/Month
#71 from
82 countries
Retirement Age
63.5
60.5
men
women
Taxes
20%
25%
company profits
income of individuals
