Economy Overview
Long-term prospects depend on world oil prices, Azerbaijan's ability to negotiate export routes for its growing gas production, and its ability to use its energy wealth to promote growth and spur employment in non-energy sectors of the economy.
Agriculture Products
fruit, vegetables, grain, rice, grapes, tea, cotton, tobacco; cattle, pigs, sheep, goats
Industries
petroleum and petroleum products, natural gas, oilfield equipment; steel, iron ore; cement; chemicals and petrochemicals; textiles
Industrial Production Growth Rate
2.4% (2015 est.)
Labor Force
4.899 million (2015 est.)
Labor Force by Occupation
Agriculture: 38.3%
Industry: 12.1%
Services: 49.6% (2008)
Unemployment Rate
5.4% (2014 est.)
Population Below Poverty Line
6% (2012 est.)
Household Income or Consumption by Percentage Share
Lowest 10%: 3.4%
Highest 10%: 27.4% (2008)
Distribution of Family Income Gini Index
36.5 (2001)
Budget
Revenues: $16.74 billion
Expenditures: $17.36 billion (2015 est.)
Public Debt
11.6% of GDP (2014 est.)
Central Bank Discount Rate
5.25% (31 December 2011)
Commercial Bank Prime Lending Rate
Stock of Narrow Money
$16.36 billion (31 December 2014 est.)
Stock of Broad Money
$20.95 billion (31 December 2013 est.)
Stock of Domestic Credit
$25.38 billion (31 December 2014 est.)
Market Value of Publicly Traded Shares
$NA
Reserves of Foreign Exchange and Gold
$15.55 billion (31 December 2014 est.)
Debt External
$11.69 billion (31 December 2014 est.)
Stock of Direct Foreign Investment at Home
$59.02 billion (31 December 2014 est.)
Stock of Direct Foreign Investment Abroad
$11.22 billion (31 December 2014 est.)
Exchange Rates
0.7897 (2011 est.)
