Azerbaijan

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Economic Indicators

Economic forecasts - General economic indicators - Investments - Foreign trade

Economic forecasts

Indicators 2007 2008
GDP (USD billion) 31.066 44.418
GDP (constant prices, annual % change) 29.3 23.2
GDP per capita (USD) 3 633 5 153
Inflation rate (consumer prices, annual % change) 16.6 17

Source : IMF - World Economic Outlook Database

General economic indicators

Indicators 2004 2005 2006
GDP (USD billion)(1) 8.682 13.245 19.817
GDP (constants prices, annual % change)(1) 10.4 24.3 31
GPD per capita (USD)(1) 1040.08 1574.221 2336.029
Inflation (consumer prices, annual % change)(1) 6.7 9.7 8.4
Unemployment rate (%)(2)
External debt (USD billion)(3) 1982.145 1881.102 ..
Official exchange rate per USD (period average)(3) 0.9826955 0.945421 0.893445

Source : (1) IMF - World Economic Outlook Database,
(2) ILO - Key Indicators of the Labour Market, (3) World Bank - World Development Indicators

GDP per activity sector 2004 2005 2006
Agriculture and fishing (%) 12.10 10.02 8.56
Industry and mining (%) 54.31 62.29 66.96
Services (%) 33.59 27.69 24.48

Source : World Bank - World Development Indicators

Investments

Foreign Direct Investments 2004 2005 2006 World rank (*)
2006
FDI inflows (USD million) 3,535 1,679 -601 12/141

Source : UNCTAD - World Investment Report
Note : (*) World Rank = UNCTAD Inward FDI Performance Index.
It is a measure of the extend to which a host country receives inward FDI relative to its economic size.
It is calculated as a ratio of the country's share in global FDI inflows to its share in global GDP.

Foreign Trade

General indicators

Indicators (USD billion) 2004 2005 2006
Imports of goods 3.58 4.35
Exports of goods 3.74 7.65
Trade balance 0.16 3.30
Current account -2.59 0.17

Source : World Bank - World Development Indicators

Indicators (%) 2004 2005 2006
Share of foreign trade in GDP 121.5 115.8 121.9
Share of imports of goods and services in GDP 72.7 52.9 49.5
Share of exports of goods and services in GDP 48.8 62.9 72.5
Imports of goods and services (annual % change) 23.3 10.9 37.7
Exports of goods and services (annual % change) 10.7 46.5 45.5

Source : World Bank - World Development Indicators

Trade in goods/services by major category

2005 Imports Exports
Total Trade in Goods (USD billion): 4.35 7.65
Agricultural raw materials 0.9 1.1
Food products 11.7 4.3
Hydrocarbons 11.5 82.2
Manufactured products (chemicals, machines,...) 73.6 10.5
Ores and metals 2.3 1.4

Source : World Bank - World Development Indicators

2005 Imports Exports
Total Trade in Services (USD billion): 2.7 0.5
Transport 10.7 45.4
Tourism 4.7 14.4

Source : World Bank - World Development Indicators

Trade Data, by HS Code
Import Statistics Export Statistics

Source : www.intracen.org, last available data

Trade by partner countries

Main Customers
(% of exports)
 
Italy 44,70%
Israel 10,70%
Turkey 6,10%
France 5,50%
Russia 5,40%
Main suppliers
(% of imports)
 
Russia 22,40%
United Kingdom 8,60%
Germany 7,70%
Turkey 7,30%
Turkmenistan 7,00%

Source : Comtrade, 2006.

Export Entreprises SA
Last update : January 2008
Next update : October 2008