FACTOID # 10: France is the top destination in the world for tourists, accounting for 11 percent of all tourist arrivals worldwide.
 
 Home   Encyclopedia   Statistics   Countries A-Z   Flags   Maps   Education   Forum   FAQ   About 
 
 
 
WHAT'S NEW
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Asia > Azerbaijan > Economy

AZERBAIJANI ECONOMY STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Agriculture > products
cotton, grain, rice, grapes, fruit, vegetables, tea, tobacco; cattle, pigs, sheep, goats
Aid as % of GDP 2.6% [62nd of 129]
Debt > External $2,439,000,000.00 Time series [114th of 136]
Distribution of family income > Gini index 36.5 Time series [15th of 43]
Economic freedom 1.65 [108th of 156]
Economy > Overview
Azerbaijan's high economic growth in 2006 and 2007 is attributable to large and growing oil exports. Azerbaijan's oil production declined through 1997, but has registered an increase every year since. Negotiation of production-sharing arrangements (PSAs) with foreign firms, which have committed $60 billion to long-term oilfield development, should generate the funds needed to spur future industrial development. Oil production under the first of these PSAs, with the Azerbaijan International Operating Company, began in November 1997. A consortium of Western oil companies began pumping 1 million barrels a day from a large offshore field in early 2006, through a $4 billion pipeline it built from Baku to Turkey's Mediterranean port of Ceyhan. By 2010 revenues from this project will double the country's current GDP. Azerbaijan shares all the formidable problems of the former Soviet republics in making the transition from a command to a market economy, but its considerable energy resources brighten its long-term prospects. Baku has only recently begun making progress on economic reform, and old economic ties and structures are slowly being replaced. Several other obstacles impede Azerbaijan's economic progress: the need for stepped up foreign investment in the non-energy sector, the continuing conflict with Armenia over the Nagorno-Karabakh region, pervasive corruption, and elevated inflation. Trade with Russia and the other former Soviet republics is declining in importance, while trade is building with Turkey and the nations of Europe. Long-term prospects will depend on world oil prices, the location of new oil and gas pipelines in the region, and Azerbaijan's ability to manage its energy wealth.
Exports $21,270,000,000.00 Time series [65th of 189]
GDP $20,121,610,000.00 Time series [75th of 203]
GDP > PPP $34,564,000,000.00 [81st of 163]
GDP > Real growth rate 23.4% Time series [1st of 198]
GDP growth > annual % 26.2 annual % Time series [1st of 187]
GINI index 36.5 Time series [13th of 40]
Gross National Income $5,268,490,000.00 [99th of 172]
Human Development Index 0.729 [101st of 178]
Income category Low income
Income distribution > Poorest 10% 2.8% [49th of 114]
Income distribution > Richest 10% 27.8% [73rd of 114]
Population below poverty line 24% Time series [17th of 46]
Poverty > Share of all poor people 0.01 % of world's poor [75th of 80]
Public debt 6.7 % of GDP Time series [113rd of 121]

... View all Economy stats

SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; ; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling

ALTERNATIVE NAMES: Azerbaijan, Republic of Azerbaijan, Azarbaycan Respublikasi

Related links:

More facts and figures on Azerbaijan

 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments
Please enter the 5-letter protection code

Want to know more?
Search encyclopedia, statistics and forums:

 


Lesson Plans | Student Area | Student FAQ | Reviews | Press Releases |  Feeds | Contact
© Copyright NationMaster.com 2003-2009. All Rights Reserved. Usage implies agreement with terms.