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 (2015): Italy, Germany, and Russia
Top 3 Exported Goods (2015): Oil & Mineral Fuels, Fruit & Nuts, and Items nesoi

Top Industries Source: CIA World Factbook

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

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $171,214,494,402 (2015)
GDP Growth Rate (annual %) 1.1% (2015)
GDP Per Capita, PPP (current international) $17,740 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 66/193 (2015)

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 %) 4.172% (2015)
External debt stocks, total (DOD, current US$) $11,693,019,000 (2014)
Total tax rate (% of commercial profits) 39.8% (2015)
Real Interest Rate (5 year average %) 28.94% (2015)
Manufacturing, value added (% of GDP) 5.768% (2015)
Current Account Balance (BoP, current US$) ($222,495,000) (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

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.

Trade [1]

Imports of goods and services (current US$) $18,473,453,055 (2015)
Exports of goods and services (current US$) $20,059,340,230 (2015)
Total Merchandise Trade (% of GDP) 49.99% (2014)
FDI, net inflows (BoP, current US$) $4,047,630,000 (2015)
Commercial Service Exports (current US$) $4,268,861,000 (2014)
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


  1. The World Bank