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 (2017): Italy, Turkey, and Russia
Top 3 Exported Goods (2017): Oil & Mineral Fuels, Fruit & Nuts, and Vegetables

Top Industries Source: CIA World Factbook

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

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $171,588,152,876 (2017)
GDP Growth Rate (annual %) 0.1% (2017)
GDP Per Capita, PPP (current international) $17,398 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 73/195 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 12.905% (2017)
External debt stocks, total (DOD, current US$) $15,253,903,003 (2017)
Total tax rate (% of commercial profits) 39.8% (2017)
Real Interest Rate (5 year average %) 0.508% (2017)
Manufacturing, value added (% of GDP) 4.721% (2017)
Current Account Balance (BoP, current US$) $1,684,559,000 (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 5,002,124 (2017)
Employment in Agriculture (% of total employment) 37.401% (2017)
Employment in Industry (% of total employment) 14.125% (2017)
Employment in Services (% of total employment) 48.474% (2017)
Unemployment Rate 5.032% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $17,104,055,310 (2017)
Exports of goods and services (current US$) $19,839,356,263 (2017)
Total Merchandise Trade (% of GDP) 59.881% (2017)
FDI, net inflows (BoP, current US$) $2,867,487,000 (2017)
Commercial Service Exports (current US$) $4,660,773,000 (2017)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank