Economy of Azerbaijan

Imports

Imports commoditiesmachinery and equipment, oil products, foodstuffs, metals, chemicals

Import partnersTurkey 17.8%, Russia 13.7%, China 7.5%, Germany 6.9%, UK 6.8%, Ukraine 5.5%, US 4.9% (2012)

Exports

Exports commoditiesoil and gas 90%, machinery, cotton, foodstuffs

Export partnersItaly 27.1%, France 8.1%, Indonesia 6.9%, Germany 5.9%, Israel 5.4%, India 4.2%, US 4.2% (2012)

Economy sectors

Agriculture productscotton, grain, rice, grapes, fruit, vegetables, tea, tobacco; cattle, pigs, sheep, goats

Industrial productspetroleum and natural gas, petroleum products, oilfield equipment; steel, iron ore; cement; chemicals and petrochemicals; textiles

Economy

Unemployment6.00 % (2013)5.70 % (2012)6.00 % (2011)

GDP - Official Exchange Rate76.0 Billion $ (2013)67.9 Billion $ (2012)66.0 Billion $ (2011)

GDP growth rate5.80 % (2013)2.20 % (2012)0.10 % (2011)

GDP per Capita (PPP)10,800 $ (2013)10,400 $ (2012)10,400 $ (2011)

GDP - Purchasing Power Parity103 Billion $ (2013)95.7 Billion $ (2012)94.6 Billion $ (2011)

GDP PPP per land area1.19 Million $ per square kilometer (2013)1.11 Million $ per square kilometer (2012)1.09 Million $ per square kilometer (2011)

Electricity

Banking

Central bank discount rate5.00 % (2012)5.25 % (2011)3.00 % (2010)

Commercial bank prime lending rate17.0 % (2013)18.5 % (2012)19.0 % (2011)

GDP decomposition by sector

Agriculture % of GDP6.20 % (2013)6.20 % (2012)

Industry % of GDP63.0 % (2013)64.3 % (2012)

Services % of GDP30.8 % (2013)29.4 % (2012)

Tourism

International tourism, number of arrivals1.99 Million (2012)1.56 Million (2011)1.28 Million (2010)

International tourism, number of departures3.87 Million (2012)3.55 Million (2011)3.18 Million (2010)

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)7.50 % of GDP (2013)7.80 % of GDP (2012)5.50 % of GDP (2011)

Current Account Balance (Percentage of GDP)21.8 % of GDP (2012)26.0 % of GDP (2011)28.4 % of GDP (2010)

External Debt Stocks (Percentage of GNI)16.3 % of GNI (2012)14.8 % of GNI (2011)14.3 % of GNI (2010)

Short-term debt (percentage of total external debt)8.77 % of total external debt (2012)10.6 % of total external debt (2011)12.4 % of total external debt (2010)

Current Account Balance (Total)13.3 Billion $ (2013)15.0 Billion $ (2012)17.2 Billion $ (2011)

External Debt (Total)9.55 Billion $ (2013)9.11 Billion $ (2012)4.06 Billion $ (2011)

External Debt (Percentage of GDP)12.6 % of GDP (2013)13.4 % of GDP (2012)6.15 % of GDP (2011)

External Debt per Capita996 $ (2013)960 $ (2012)484 $ (2011)