Azerbaijan | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 5.00 6.3 6.2 6 5.8 5 percent [+]
Inflation Rate 11.60 12.1 9.8 8.4 7.7 3.5 percent [+]
Interest Rate 15.00 15 15 12 10 5 percent [+]
Balance of Trade 1311894.00 1047453 1070706 1192526 1219762 1157148 USD Thousand [+]
Government Debt to GDP 16.00 25 31 31 31 15 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.74 1.72 1.73 1.75 1.77 2.04 [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Annual Growth Rate -3.40 -2.8 -2.1 -1.5 -0.8 4 percent [+]
GDP 53.05 45 47 47 47 75 USD Billion [+]
GDP Constant Prices 49223.40 45097 41631 46436 43200 56216 AZN Million [+]
Gross Fixed Capital Formation 3747.40 4740 3434 4214 4768 5109 AZN Million [+]
GDP per capita 6115.76 6100 6095 6095 6099 6159 USD [+]
GDP per capita PPP 16695.40 16671 16662 16662 16662 17101 USD [+]
Gross National Product 57322.40 60310 60963 61616 62268 70712 AZN Million [+]
GDP From Agriculture 410.10 -157 -334 -140 -141 -37.23 AZN Million [+]
GDP From Construction 711.90 901 907 908 908 908 AZN Million [+]
GDP From Manufacturing 398.40 354 274 390 303 340 AZN Million [+]
GDP From Mining 2606.90 4072 2555 2592 3707 4086 AZN Million [+]
GDP From Public Administration 133.50 216 114 130 198 202 AZN Million [+]
GDP From Services 87.70 90.89 91.03 91.01 91.01 91.01 AZN Million [+]
GDP From Transport 735.70 633 470 561 552 454 AZN Million [+]
GDP From Utilities 30.10 30.09 26.45 30.09 26.45 30.08 AZN Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 5.00 6.3 6.2 6 5.8 5 percent [+]
Employed Persons 4671.60 4736 4751 4766 4782 4967 Thousand [+]
Unemployed Persons 243.70 250 252 253 255 273 Thousand [+]
Minimum Wages 131.00 131 131 131 131 131 AZN/Month [+]
Population 9.59 9.7 9.72 9.75 9.78 10.11 Million [+]
Retirement Age Men 63.00 63 63 63 63 63 [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Wages 490.50 491 492 493 493 494 AZN/Month [+]
Wages High Skilled 650.00 660 662 664 665 666 AZN/Month [+]
Wages In Manufacturing 527.90 506 520 535 545 686 AZN/Month [+]
Wages Low Skilled 579.00 444 426 420 424 449 AZN/Month [+]
Living Wage Family 720.00 679 680 680 680 680 AZN/Month [+]
Living Wage Individual 384.00 355 366 362 363 363 AZN/Month [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 11.60 12.1 9.8 8.4 7.7 3.5 percent [+]
Producer Prices 100.40 99.12 99.11 99.12 99.11 99.11 Index Points [+]
Producer Prices Change 7.80 8.04 8.04 8.04 8.04 8.04 percent [+]
Inflation Rate Mom 1.30 1.16 0.69 0.83 0.87 0.84 percent [+]
Food Inflation 13.40 13.41 13.68 13.83 13.95 14.14 percent [+]
Import Prices 100.90 101 101 101 102 104 Index Points [+]
Consumer Price Index Cpi 129.60 129 129 129 129 129 Index Points [+]
Export Prices 54.90 65.61 67.72 69.83 71.94 90.13 Index Points [+]
GDP Deflator 111.80 107 106 105 105 105 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 15.00 15 15 12 10 5 percent [+]
Money Supply M0 5682.60 6247 6595 6931 7257 10909 AZN Million [+]
Money Supply M2 9966.40 10203 10377 10553 10665 10691 AZN Million [+]
Deposit Interest Rate 9.00 9.84 9.96 10.09 10.21 11.22 percent [+]
Money Supply M3 20134.20 20116 20039 19964 19889 19013 AZN Million [+]
Money Supply M1 8346.10 8836 9325 9800 10261 15673 AZN Million [+]
Foreign Exchange Reserves 4192.50 4232 4239 4241 4242 4243 USD Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 1311894.00 1047453 1070706 1192526 1219762 1157148 USD Thousand [+]
Exports 3708890.00 3811202 3607259 3781610 3804931 3770066 USD Thousand [+]
Imports 2396996.00 2558608 1983324 2406992 2092861 2347009 USD Thousand [+]
Current Account -409.00 40.68 -22.41 -104 -84.35 -90.81 USD Million [+]
Current Account to GDP 0.40 -0.8 1.8 1.8 0.4 3.9 percent [+]
Capital Flows 145.00 -1257 1203 1277 -1126 740 USD Million [+]
Crude Oil Production 876.00 863 863 863 863 863 BBL/D/1K [+]
Remittances -5.00 40.66 15.01 21.53 18.41 22.58 USD Million [+]
Terrorism Index 0.35 1.86 1.96 2.06 2.16 1.1 [+]
Tourist Arrivals 10657.00 14891 15163 15436 15708 16356 [+]
Gold Reserves 29.15 29.15 29.15 29.15 29.15 29.15 [+]
Foreign Direct Investment 2061.00 1851 1887 1896 1809 1883 USD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 16.00 25 31 31 31 15 percent [+]
Government Budget -1.20 -2.22 -1.92 -1.63 -1.34 0.14 percent of GDP [+]
Government Revenues 12103.90 10083 7927 8733 8997 8782 AZN Million [+]
Fiscal Expenditure 12468.20 9531 7921 8855 8887 8750 AZN Million [+]
Military Expenditure 3702.20 3917 3948 3979 4018 4602 USD Million [+]
Government Budget Value -364.30 12.5 -130 -222 -192 -189 AZN Million [+]
Government Spending 1795.80 2147 1746 1916 2195 2234 AZN Million [+]
Government Spending To GDP 32.70 32.26 32.37 32.48 32.59 32.42 percent of GDP [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production 2.40 2.53 2.4 2.28 2.16 1.04 percent [+]
Manufacturing Production 7.00 4.12 3.62 3.12 2.62 0.49 percent [+]
Mining Production 0.60 0.6 0.6 0.6 0.6 0.6 percent [+]
Leading Economic Index -3.70 -2.9 -1.7 -0.6 0.2 3.5 percent [+]
Corruption Index 29.00 28.89 29.26 29.63 30 31.72 Points [+]
Corruption Rank 119.00 117 117 117 118 123 [+]
Ease of Doing Business 65.00 64.05 64.93 65.38 65.82 66.42 [+]
Car Registrations 1129596.00 1154329 1159828 1165327 1170826 1228760 Cars [+]
Changes In Inventories 11.40 -1.59 -3.91 -6.87 -8.43 -4.53 AZN Million [+]
Competitiveness Index 4.55 4.51 4.51 4.51 4.51 4.55 Points [+]
Competitiveness Rank 37.00 39.94 39.94 39.94 39.94 46.2 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Retail Sales YoY 10.90 10.05 9.91 9.78 9.64 9.66 percent [+]
Disposable Personal Income 37948.30 37199 37304 37409 37515 32180 AZN Million [+]
Consumer Confidence 23.80 23.7 23.7 23.7 23.7 23.7 [+]
Consumer Spending 9203.90 9011 9011 9011 9011 9011 AZN Million [+]
Gasoline Prices 0.40 0.39 0.38 0.39 0.39 0.39 USD/Liter [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 20.00 20 20 20 20 20 percent [+]
Personal Income Tax Rate 25.00 25 25 25 25 25 percent [+]
Sales Tax Rate 18.00 18 18 18 18 18 percent [+]
Social Security Rate 25.00 25 25 25 25 25 percent [+]
Social Security Rate For Companies 22.00 22 22 22 22 22 percent [+]
Social Security Rate For Employees 3.00 3 3 3 3 3 percent [+]





Economic Forecasts for Azerbaijan including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Azerbaijan economy. 12/11/2016