Imports$10.17 billion (2011 est.)
Exports$34.49 billion (2011 est.)
Inflation rate (consumer prices)8.1% (2011 est.)
Unemployment rate1% (2011 est.)
GDP - per capita (PPP)$10,300 (2011 est.)
National product real growth rate3.7% (2010 est.)
Internet users2.42 million (2009)
Telephones - mobile cellular9.1 million (2009)
Population growth rate1.017% (2012 est.)
Population9,493,600 (July 2012 est.)
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....
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....
The Economist Intelligence Unit
Clashes between Azerbaijani and Armenian forces in early April in Nagorny Karabakh were the worst episode of violence since the 1994 ceasefire. The Economist Intelligence Unit's core forecast remains ...