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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.

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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.

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The Economist Intelligence Unit

Country Forecast Azerbaijan November 2013 Updater

Country Forecast Azerbaijan November 2013 Updater

  • $ 730
  • Country report
  • November 2013
  • by The Economist Intelligence Unit

OVERVIEW Ilham Aliyev, who was re-elected as president in October 2013, will remain in power through the forecast period, but the potential for social unrest will be higher. The economy will grow at a ...

  • Countries : Azerbaijan

Dun and Bradstreet (Altares)

D&B Country Insight Report: Azerbaijan

D&B Country Insight Report: Azerbaijan

  • $ 650
  • Country report
  • January 2014
  • 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 : Azerbaijan

PRS Group

Country Forecasts (Subscription, two issues per year, April & October)

Country Forecasts (Subscription, two issues per year, April & October)

  • $ 882
  • Country report
  • October 2013
  • by PRS Group

Country Forecasts is a 480-page perfect-bound volume published in April and October. This publication provides a four-page summary of forecasts and data for each of the 100 countries monitored by Political ...

  • Countries : World, South America, Asia, Europe, North America, Africa, Dominican Republic, Czech Republic, South Korea, Philippines, Guinea, Congo, Democratic Republic Of, Papua New Guinea, New Zealand, Australia, Venezuela, Argentina, United States, Nicaragua, Guatemala, El Salvador, Dominica, Costa Rica, United Kingdom, Switzerland, Netherlands, United Arab Emirates, Sri Lanka, Singapore, Saudi Arabia, Kazakhstan, Indonesia, Bangladesh, Azerbaijan, South Africa, Uruguay, Suriname, Paraguay, Guyana, Ecuador, Chile, Colombia, Bolivia, Brazil, Panama, Mexico, Jamaica, Honduras, Haiti, Canada, Ukraine, Sweden, Spain, Slovakia (slovak Republic), Russian Federation, Romania, Portugal, Poland, Norway, Italy, Ireland, Hungary, Greece, France, Germany, Finland, Denmark, Bulgaria, Belgium, Austria, Vietnam, Thailand, Taiwan, Syrian Arab Republic, Pakistan, Myanmar, Malaysia, Kuwait, Japan, Israel, India, China, Zimbabwe, Zambia, Tunisia, Sudan, Nigeria, Morocco, Libyan Arab Jamahiriya, Kenya, Ivory Coast (cote D'ivoire), Gabon, Ghana, Egypt, Cameroon, Botswana, Angola, Algeria, Oceania, Peru, Cuba, Oman, Iraq, Iran

Oxford Economics

Country Economic Forecasts > Azerbaijan

Country Economic Forecasts > Azerbaijan

  • $ 185
  • Country report
  • November 2013
  • by Oxford Economics

October's presidential elections saw an inevitable victory for Ilham Aliyev giving him a third five-year term. Aliyev won 85% of the vote in what international monitors said was a "seriously flawed" election. ...

  • Countries : Azerbaijan

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