1. Market Research
  2. > All Countries
  3. > Azerbaijan : economy statistics and industry reports

Azerbaijan : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$10.17 billion (2011 est.)
$6.746 billion (2010 est.)


$34.49 billion (2011 est.)
$26.48 billion (2010 est.)

Inflation rate (consumer prices)

8.1% (2011 est.)
5.7% (2010 est.)

Unemployment rate

1% (2011 est.)
1% (2010 est.)

GDP - per capita (PPP)

$10,300 (2011 est.)
$10,400 (2010 est.)
$10,000 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

3.7% (2010 est.)
9.3% (2009 est.)
10.8% (2008 est.)

Internet users

2.42 million (2009)

Telephones - mobile cellular

9.1 million (2009)

Population growth rate

1.017% (2012 est.)


9,493,600 (July 2012 est.)

Historical background

Azerbaijan - a nation with a majority-Turkic and majority-shia Muslim population - was briefly independent (from 1918 to 1920) following the collapse of the Russian Empire; it was subsequently incorporated into the Soviet Union for seven decades.

Despite a 1994 cease-fire, Azerbaijan has yet to resolve its conflict with Armenia over Nagorno-Karabakh, a primarily Armenian-populated region that Moscow recognized as part of Soviet Azerbaijan in the 1920s after Armenia and Azerbaijan disputed the status of the territory.

Armenia and Azerbaijan began fighting over the area in 1988; the struggle escalated after both countries attained independence from the Soviet Union in 1991.

More »

Economic overview

Azerbaijan's high economic growth during 2006-08 was attributable to large and growing oil exports, but some non-export sectors also featured double-digit growth, spurred by growth in the construction, banking, and real estate sectors.

In 2009, economic growth remained above 9% even as oil prices moderated and growth in the construction sector cooled.

In 2010, economic growth slowed to approximately 3.

More »

The Economist Intelligence Unit

Country Forecast Azerbaijan June 2015 Updater

Country Forecast Azerbaijan June 2015 Updater

  • $ 635
  • Country report
  • June 2015
  • by The Economist Intelligence Unit

The president, Ilham Aliyev, will face a more challenging third term, as slower economic growth will increase the pressure for economic reform and raise the risk of social unrest. The devaluation of ...

  • Countries : Azerbaijan

Dun and Bradstreet (Altares)

D&B Country Insight Report: Azerbaijan

D&B Country Insight Report: Azerbaijan

  • $ 650
  • Country report
  • April 2015
  • by Dun and Bradstreet (Altares)

Report Summary If you are involved in cross-border business, developing relationships or identifying opportunities overseas, you are exposed to the risk associated with a country’s overall political, ...

  • Countries : World, Azerbaijan

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.