| AZERBAIJANI ECONOMY STATS: |
| Top Stats |
| | All Stats |
|
|
|
| |
|
|
Agriculture > products
cotton, grain, rice, grapes, fruit, vegetables, tea, tobacco; cattle, pigs, sheep, goats |
|
Aid as % of GDP
|
2.6% |
|
[62nd of 129]
|
|
Definition: Economy > Aid as % of GDP |
|
Source: CIA World Factbook, 28 July 2005 |
|
Debt > External
|
$2,439,000,000.00 |
|
[114th of 136]
|
|
Definition: Economy > Debt > External |
|
Source: 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 |
|
Distribution of family income > Gini index
|
36.5 |
|
[15th of 43]
|
|
Definition: Economy > Distribution of family income > Gini index |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Economic freedom
|
1.65 |
|
[108th of 156]
|
|
Definition: Economy > Economic freedom |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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. |
|
Definition: Economy > Economy > Overview |
|
Source: The Heritage Foundation |
|
Exports
|
$21,270,000,000.00 |
|
[65th of 189]
|
|
Definition: Economy > Exports |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP
|
$20,121,610,000.00 |
|
[75th of 203]
|
|
Definition: Economy > GDP |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP > PPP
|
$34,564,000,000.00 |
|
[81st of 163]
|
|
Definition: Economy > GDP > PPP |
|
Source: World Development Indicators database and CIA World Factbook |
|
GDP > Real growth rate
|
23.4% |
|
[1st of 198]
|
|
Definition: Economy > GDP > Real growth rate |
|
Source: World Bank. 2005. World Development Indicators 2005. |
|
GDP growth > annual %
|
26.2 annual %
|
|
[1st of 187]
|
|
Definition: Economy > GDP growth > annual % |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GINI index
|
36.5
|
|
[13th of 40]
|
|
Definition: Economy > GINI index |
|
Source: World Development Indicators database |
|
Gross National Income
|
$5,268,490,000.00 |
|
[99th of 172]
|
|
Definition: Economy > Gross National Income |
|
Source: World Development Indicators database |
|
Human Development Index
|
0.729 |
|
[101st of 178]
|
|
Definition: Economy > Human Development Index |
|
Income category
|
Low income |
|
|
|
Definition: Economy > Income category |
|
Source: Human Development Report 2006, United Nations Development Programme |
|
Income distribution > Poorest 10%
|
2.8% |
|
[49th of 114]
|
|
Definition: Economy > Income distribution > Poorest 10% |
|
Source: |
|
Income distribution > Richest 10%
|
27.8% |
|
[73rd of 114]
|
|
Definition: Economy > Income distribution > Richest 10% |
|
Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
|
Population below poverty line
|
24% |
|
[17th of 46]
|
|
Definition: Economy > Population below poverty line |
|
Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
|
Poverty > Share of all poor people
|
0.01 % of world's poor |
|
[75th of 80]
|
|
Definition: Economy > Poverty > Share of all poor people |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Public debt
|
6.7 % of GDP |
|
[113rd of 121]
|
|
Definition: Economy > Public debt |
|
Source: Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling |
del.icio.us
Feeds |
Contact