Economy of Azerbaijan |
Currency |
1 Manat = 100 gopiks |
Fiscal year |
Calendar year |
Trade organisations |
CIS, ECO, GUAM, WTO(observer) |
Statistics [1] |
GDP ranking |
92rd (2005) [2] |
GDP (nominal) |
$14.05 billion (2006 est.) |
GDP (PPP) |
$58.1 billion (2006 est.) |
GDP growth |
32.5% (2006 est.) |
GDP per capita |
$7,300 (2006 est.) |
GDP by sector |
agriculture (14.1%), industry ( 45.7%), services (40.2%) (2002) |
Inflation |
8% (2004) |
Pop below poverty line |
49% (2002) |
Labour force |
5.09 million (2004) |
Labour force by occupation |
services (52%), industry (7%), agriculture and forestry (41%) (2001) |
Unemployment |
1.2% (2004) |
Main industries |
petroleum and natural gas, petroleum products, oilfield equipment; steel, iron ore, cement; chemicals and petrochemicals; textiles |
Trading Partners [3] |
Exports |
$6.117bn (2005) |
Main partners |
Italy 31.1%, Czech Republic 14.5%, Germany 9.4%, Turkey 6.1%, Russia 6%, Georgia 5.3%, France 4.9% (2004) (2004) |
Imports |
$4.656bn (2004) |
Main Partners |
UK 13.9%, Russia 13.1%, Turkey 11.5%, Germany 8%, Netherlands 5.3%, the People's Republic of China 5%, US 4.7%, Italy 4.5%, Ukraine 4.3% (2004) |
Public finances [4] |
Public debt |
(10.4% of GDP) |
Revenues |
$6.008bn (2006 est.) |
Expenses |
$5.804bn (2006 est.) |
Economic aid (recipient) |
$140 million (2000) |