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Economy Azerbaijan
Flag of Azerbaijan Azerbaijan
Population: 7,868,385 (July 2004 est.)
Capital: Baku (Baki)
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Tabular Data - The Azerbaijani Economy

GDP : purchasing power parity - $26.65 billion (2003 est.)
GDP - Real Growth Rate : 11.2% (2003 est.)
GDP - Per Capita : purchasing power parity - $3,400 (2003 est.)
GDP - Composition By Sector : agriculture: 14.1%
industry: 45.7%
services: 40.2% (2002 est.)
Population Below Poverty Line : 49% (2002 est.)
Household Income or Consumption by Percentage : lowest 10%: 2.8%
highest 10%: 27.8% (1995)
Inflation Rate (Consumer Prices) : 2.1% (2003 est.)
Labor Force : 4.99 million (2003)
Labor Force - By Occupation : agriculture and forestry 41%, industry 7%, services 52% (2001)
Budget : revenues: $2.063 billion
expenditures: $2.202 billion, including capital expenditures of NA (2003)
Industries : petroleum and natural gas, petroleum products, oilfield equipment; steel, iron ore, cement; chemicals and petrochemicals; textiles
Industrial Production Growth Rate : 6.1% (2003 est.)
Electricity - Production : 18.23 billion kWh (2001)
Electricity - Production by Source : fossil fuel: 89.7%
hydro: 10.3%
nuclear: 0%
other: 0% (2001)
Electricity - Consumption : 16.65 billion kWh (2001)
Electricity - Exports : 700 million kWh (2001)
Electricity - Imports : 400 million kWh (2001)
Agriculture - Products : cotton, grain, rice, grapes, fruit, vegetables, tea, tobacco; cattle, pigs, sheep, goats
Exports : $2.605 billion f.o.b. (2003 est.)
Exports - Commodities : oil and gas 90%, machinery, cotton, foodstuffs
Exports - Partners : Italy 32.5%, Czech Republic 11.9%, Germany 10%, France 7.9%, Georgia 5.2%, Turkey 5.1% (2003 est.)
Imports : $2.498 billion f.o.b. (2003 est.)
Imports - Commodities : machinery and equipment, oil products, foodstuffs, metals, chemicals
Imports - Partners : Russia 15.3%, UK 9.8%, Germany 9%, China 8.7%, Turkey 8.2%, Kazakhstan 7%, Italy 5.2%, US 5.2% (2003 est.)
Debt - External : $1.575 billion (2003)
Economic Aid - Recipient : ODA, $140 million (2000 est.)
Currency : Azerbaijani manat (AZM)
Currency Code : AZM
Exchange Rates : Azerbaijani manats per US dollar - 4,910.73 (2003), 4,860.82 (2002), 4,656.58 (2001), 4,474.15 (2000), 4,120.17 (1999)
Fiscal Year : Calendar Year

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Data Source: Central Intelligence Agency 2004 World Factbook