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Azerbaijan - ECONOMIC INDICATORS
Economic forecasts - General economic indicators - Investments - Foreign Trade


Economic forecasts


 
Indicators
2005
2006
GDP (USD billion)
12.065  
16.123  
Real GDP growth (constant prices)
18.7 % 
26.6 %
GDP per capita (USD)
1434.904  
1902.222  
Inflation rate
12.7 % 
8.3 % 
Source : IMF - 2005 data


General economic indicators

Indicators 2002 2003 2004
GDP (USD billion) 6.2   7.1   8.5  
Real GDP growth (constant prices) 10.6 % 11.2 % 11.2 %
GDP per capita (USD) 784   865   957  
Inflation rate 2.8 % .. % .. %
Unemployment rate 1.3%   ..   ..  
External debt (USD billion) 1   2   ..  
Manat rate on 12/31 (1 US$)   ..   ..   ..  
Sources : IMF - 2005 data, World bank, Oanda


GDP per activity sector 2002 2003 2004
Agriculture and fishing 15.0%   14.3%   13.5%  
Industry and mining 50.2%   54.5%     54.3%  
Services 34.8%   31.1%     32.2%  
Sources : World bank


Investments


FDI inflows (USD million) 2002 2003 2004 World rank
Foreign Direct Investments (F.D.I.) 1392   3285   4769   24 / 197
Source : UNCTAD "World Investment Report 2005 "


Foreign Trade


General indicators


Indicators (USD billion) 2002 2003 2004
Imports of goods (f.o.b.) 1.8   2.7   ..  
Export of goods (f.o.b) 2.3   2.6   ..  
Trade balance 0.5   -0.1   ..  
Balance of payments -0.8   -2.0   ..  
Sources : World bank, IMF


Indicators 2002 2003 2004
Share of foreign trade in GDP 92.8%   109.6%   110.3%  
Share of imports in GDP 50.0%   66.8%   66.3%  
Share of exports in GDP 42.8%   42.8%   44.0%  
Imports of goods and services (percent change) 48.4%   43.5%   15.2%  
Exports of goods and services (percent change) 16.7%   -4.4%   20.4%  
Sources : World bank, IMF


Trade in goods/services by major category


2003 Imports Exports
Total Trade in Goods (USD billion):     2.7     2.6    
Agricultural raw materials 1%   2%  
Food products 12%   5%  
Hydrocarbons 11%   86%  
Manufactured products (chemicals, machines,...) 74%   6%  
Ores and metals 2%   1%  
Other goods 0%   0%  


2003 Imports Exports
Total Trade in Services (USD billion): 2   0  
Transport 9%   51%  
Tourisme 5%   15%  
Other services (insurance, financial services, telecommunications,...) 86%   34%  
Source : World Bank


Trade Data, by HS Code :
Source : www.intracen.org, last available data


Trade by partner countries



Main clients
(% of exports)
2004
Italy   44.7%  
Israel   9%  
Russian Federation   5.8%  
Georgia   5.2%  
Turkey   5.1%  

Main suppliers
(% of imports)
2004
Russian Federation   16.2%  
United Kingdom   12%  
Kazakhstan   6.7%  
Turkey   6.4%  
Germany   5.6%  
Source : COMTRADE


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Last modified in October 2005
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