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Economy of Azerbaijan

Population: 9.4 million in 2013¹

GDP: $74 billion in 2013²

GDP per capita: $7,812 nominal³ ($17,139 PPP⁴) in 2013

GDP growth rate: 5.8% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ millions) 2012	Percent of total
Mining and utilities	32,841	52.7%
Other activities	8,744	14.0%
Construction	5,244	8.4%
Wholesale, retail trade, restaurants and hotels	5,117	8.2%
Transport, storage and communication	4,416	7.1%
Agriculture, hunting, forestry, fishing	3,348	5.4%
Manufacturing	2,630	4.2%
Total value added	62,341	100%

Employment

Unemployment rate: 5.5% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Agriculture, forestry and fishing	1,677	37.1%
Wholesale trade, retail trade and repair of motor vehicles	664	14.7%
Education	366	8.1%
Construction	326	7.2%
Public administration and defence	282	6.2%
Manufacturing	224	5.0%
Transportation and storage	184	4.1%
Human health and social work	172	3.8%
Other service	138	3.1%
Real estate	79	1.8%
Arts, entertainment and recreation	62	1.4%
Information and communication	58	1.3%
Professional, scientific and technical	56	1.2%
Administrative and support service	52	1.2%
Accommodation and food service	49	1.1%
Mining and quarrying	42	0.9%
Electricity, gas, steam and air conditioning	32	0.7%
Finance and insurance	31	0.7%
Water supply, sewerage and waste management	26	0.6%
Total employment	4,521	100%

Corporations

Top 10 Corporations by Revenue 2013⁹

N/A

Households

Household Wealth: $134 billion (181% of GDP) in 2014¹⁰

Household Wealth per Adult: $21,169 in 2014¹⁰

Gini Coefficient: .337 in 2013¹¹

Government

Central Government

Central Government Revenue: $28 billion (38% of GDP) in 2013¹²

Central Government Expenditure: $27 billion (37% of GDP) in 2013¹²

Central Government Budget Balance: +$1 billion (+1% of GDP) in 2013¹²

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: 5.0% in Mar 2014¹³

Government Funds

State Oil Fund of Azerbaijan: $37 billion in 2014¹⁴

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: 20% in 2014¹⁵

Monetary Policy

Money Supply (M0): $15 billion (20% of GDP) in Sep 2015* ¹⁶

Benchmark Interest Rate: 4.75% in July 2013¹⁷

Total Reserves: $15 billion (20% of GDP) in 2013¹⁸

Exchange Rate: .784 Azerbaijani Manat = 1 U.S. Dollar on Feb 3, 2015¹⁹

Inflation: 5.4% in 2013²⁰

* Money supply calculated using the exchange rate .784 AZN = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013²¹

N/A (data not available at Relbanks.com)

International Accounts

Exports: $35 billion (47% of GDP) in 2013²²

Imports: $11 billion (15% of GDP) in 2013²²

Trade Balance: +$25 billion (+32% of GDP) in 2013²²

Foreign Direct Investment Inflow: $2.6 billion (4% of GDP) in 2013²³

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $338 million (0.5% of GDP) in 2012²⁴

Foreign Aid Outflow: N/A

References