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Azerbaijan

Azerbaijani Currency Stats

Definitions

  • CPIA macroeconomic management rating > 1=low to 6=high: CPIA macroeconomic management rating (1=low to 6=high). Macroeconomic management assesses the monetary, exchange rate, and aggregate demand policy framework.
  • CPIA macroeconomic management rating > 1=low to 6=high per million: CPIA macroeconomic management rating (1=low to 6=high). Macroeconomic management assesses the monetary, exchange rate, and aggregate demand policy framework. Figures expressed per million population for the same year.
  • DEC alternative conversion factor > LCU per US$: The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.
  • Exchange rate to Euro: Exchange rate of the 15 most high valued currencies in the world with regards to the Euro, as of April 9, 2011.
  • Exchange rate to Kuwaiti dinars: Exchange rate of the 15 most high valued currencies in the world with regards to Kuwaiti Dinars, as of April 9, 2011.
  • Exchange rate to US dollars: Exchange rate of the 15 most high valued currencies in the world with regards to US Dollars, as of April 9, 2011.
  • GDP > Constant 2000 US$: GDP (constant 2000 US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2005 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2000 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
  • GDP > Constant 2000 US$ per capita: GDP (constant 2000 US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2005 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2000 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Figures expressed per capita for the same year.
  • Monetary unit: Country currency.
  • New currency adoption after USSR > New currency name: New currencies of former states of the erstwhile USSR after it disintegrated.
  • Official exchange rate > LCU per US$ > Period average: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).
  • Official exchange rate > LCU per US$, period average: Official exchange rate (LCU per US$, period average). Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).
  • PPP conversion factor > GDP to market exchange rate ratio: PPP conversion factor (GDP) to market exchange rate ratio. Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. The ratio of PPP conversion factor to market exchange rate is the result obtained by dividing the PPP conversion factor by the market exchange rate. The ratio, also referred to as the national price level, makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States.
  • PPP conversion factor to official exchange rate ratio: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar). The ratio of the PPP conversion factor to the official exchange rate (also referred to as the national price level) makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States.
STAT AMOUNT DATE RANK HISTORY
CPIA macroeconomic management rating > 1=low to 6=high 4 2010 15th out of 77
CPIA macroeconomic management rating > 1=low to 6=high per million 0.442 2010 39th out of 77
DEC alternative conversion factor > LCU per US$ 0.95 2005
Exchange rate to Euro 0.937374
1.06681
2011
Exchange rate to Kuwaiti dinars 0.352742
2.83493
2011
Exchange rate to US dollars 1.25486
0.796900
2011
GDP > Constant 2000 US$ $28.95 billion 2012 75th out of 181
GDP > Constant 2000 US$ per capita $3,113.99 2012 99th out of 181
Monetary unit 1 manat = 100 qapik 2013
New currency adoption after USSR > New currency name 8/15/1992 1992
Official exchange rate > LCU per US$ > Period average 0.89 2006
Official exchange rate > LCU per US$, period average $0.79 2012 157th out of 167
PPP conversion factor > GDP to market exchange rate ratio 0.708 2012 62nd out of 170
PPP conversion factor to official exchange rate ratio 0.3 2005 116th out of 157

SOURCES: World Bank Group, CPIA database (http://www.worldbank.org/ida).; World Bank Group, CPIA database (http://www.worldbank.org/ida). Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Development Indicators database; Xe Currency Converter; World Bank national accounts data; World Bank national accounts data. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; British Broadcasting Corporation 2014; Various sources compiled into Wikipedia's: Soviet ruble; International Monetary Fund, International Financial Statistics. World Bank World Development Indicators.; World Bank, International Comparison Program database.

Citation

"Azerbaijan Currency Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/Azerbaijan/Economy/Currency