Azerbaijan: Economy

Economic Trivia

Azerbaijan economy relies on oil and gas which accounts for 90% of all exports.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): Italy, Germany, and Indonesia
Top 3 Exported Goods (2014): Oil & Mineral Fuels, Sugar & Confectionery, and Fruit & Nuts

Top Industries Source: CIA World Factbook

Petroleum and Natural Gas; Petroleum Products; Oilfield Equipment; Steel

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $167,060,963,449 (2014)
GDP Growth Rate (annual %) 2% (2014)
GDP Per Capita, PPP (current international) $17,521 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 67/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 1.385% (2014)
External debt stocks, total (DOD, current US$) $9,219,134,000 (2013)
Total tax rate (% of commercial profits) 39.8% (2015)
Real Interest Rate (5 year average %) 17.627% (2014)
Manufacturing, value added (% of GDP) 5.152% (2014)
Current Account Balance (BoP, current US$) $10,208,803,000 (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 4,950,969 (2014)
Employment in Agriculture (% of total employment) 36.8% (2014)
Employment in Industry (% of total employment) 14.3% (2014)
Employment in Services (% of total employment) 48.9% (2014)
Unemployment Rate 5.2% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $19,718,220,069 (2014)
Exports of goods and services (current US$) $32,551,319,648 (2014)
Total Merchandise Trade (% of GDP) 49.99% (2014)
FDI, net inflows (BoP, current US$) $4,430,466,000 (2014)
Commercial Service Exports (current US$) $4,268,861,000 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Azerbaijan’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary