Azerbaijan | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 5.00 6.2 6 5.8 5.8 5 percent [+]
Inflation Rate 12.50 13.1 12.4 10.8 9.6 4.3 percent [+]
Interest Rate 15.00 15 12 10 8 5 percent [+]
Balance of Trade 981353.00 1070706 1192526 1219762 1127674 1157148 USD Thousand [+]
Government Debt to GDP 28.30 31 31 31 31 15 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.72 1.76 1.77 1.79 1.83 2.09 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate -3.80 -2.1 -1.5 -0.8 0.9 4 percent [+]
GDP 53.05 47 47 47 52 75 USD Billion [+]
GDP Constant Prices 10042.60 12640 34610 33338 27378 29854 AZN Million [+]
Gross Fixed Capital Formation 4260.80 2997 3557 4237 4209 3872 AZN Million [+]
GDP per capita 6115.76 6095 6095 6099 6104 6159 USD [+]
GDP per capita PPP 16695.40 16662 16662 16662 16662 17101 USD [+]
GDP From Agriculture 636.10 360 360 360 360 360 AZN Million [+]
GDP From Construction 888.20 334 658 676 244 259 AZN Million [+]
GDP From Manufacturing 328.80 320 318 318 318 318 AZN Million [+]
GDP From Mining 3678.50 2587 2586 3658 4071 4087 AZN Million [+]
GDP From Public Administration 209.70 213 214 213 213 213 AZN Million [+]
GDP From Services 94.40 59.92 78.81 93.22 141 137 AZN Million [+]
GDP From Transport 818.10 821 821 821 821 821 AZN Million [+]
GDP From Utilities 27.40 30.62 30.72 30.7 30.7 30.7 AZN Million [+]
Gross National Product 57322.40 60030 60123 60217 60310 70712 AZN Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 5.00 6.2 6 5.8 5.8 5 percent [+]
Employed Persons 4671.60 4685 4702 4719 4736 4967 Thousand [+]
Unemployed Persons 243.70 241 244 247 250 273 Thousand [+]
Minimum Wages 116.00 103 103 103 103 116 AZN/Month [+]
Population 9.70 9.72 9.75 9.77 9.8 10.11 Million [+]
Retirement Age Men 63.00 62.99 62.99 62.99 62.99 63 [+]
Retirement Age Women 60.00 59.98 59.98 59.98 59.98 59.02 [+]
Wages 504.80 510 517 521 523 528 AZN/Month [+]
Wages High Skilled 650.00 662 664 665 665 666 AZN/Month [+]
Wages In Manufacturing 527.90 506 520 535 545 686 AZN/Month [+]
Wages Low Skilled 579.00 426 420 424 447 449 AZN/Month [+]
Living Wage Family 537.90 534 533 532 532 532 AZN/Month [+]
Living Wage Individual 443.80 427 426 426 426 426 AZN/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 12.50 13.1 12.4 10.8 9.6 4.3 percent [+]
Producer Prices 105.00 103 103 103 103 103 Index Points [+]
Producer Prices Change -7.30 -21.12 -14.13 -14.6 -14.8 -14.73 percent [+]
Import Prices 100.90 101 101 101 101 104 Index Points [+]
Food Inflation 15.60 15.67 16.11 16.47 16.7 17.13 percent [+]
Export Prices 54.90 88.09 80.6 73.1 65.61 90.13 Index Points [+]
GDP Deflator 128.10 116 111 108 107 105 Index Points [+]
Consumer Price Index Cpi 147.00 148 148 146 146 146 Index Points [+]
Inflation Rate Mom 1.60 1.39 1.02 1.25 1.25 1.22 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 15.00 15 12 10 8 5 percent [+]
Money Supply M0 5922.90 5928 5977 5973 5974 5975 AZN Million [+]
Money Supply M2 10749.30 10612 10692 10639 10622 10591 AZN Million [+]
Deposit Interest Rate 9.00 9.54 9.64 9.74 9.84 11.22 percent [+]
Money Supply M3 21034.90 21030 21030 21030 21030 21030 AZN Million [+]
Money Supply M1 8185.50 8156 8096 8036 7998 7935 AZN Million [+]
Foreign Exchange Reserves 4327.00 4481 4574 4636 4663 4687 USD Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 981353.00 1070706 1192526 1219762 1127674 1157148 USD Thousand [+]
Exports 3273975.00 3607259 3781610 3804931 3783746 3770066 USD Thousand [+]
Imports 2292622.00 1983324 2406992 2092861 2464328 2347009 USD Thousand [+]
Current Account -312.00 40.68 -22.41 -104 -84.35 -90.81 USD Million [+]
Current Account to GDP 0.40 1.8 1.8 3.56 1.8 3.9 percent [+]
Capital Flows -207.00 1203 1277 -1126 1655 740 USD Million [+]
Crude Oil Production 876.00 863 863 863 863 863 BBL/D/1K [+]
Remittances 24.00 15.01 21.53 18.41 28.21 22.58 USD Million [+]
Terrorism Index 0.35 1.75 1.79 1.82 1.86 1.1 [+]
Tourist Arrivals 2009.00 7714 8773 9833 10892 19230 [+]
Gold Reserves 20.02 23.46 24.3 24.51 24.56 24.58 [+]
Foreign Direct Investment 1736.00 1886 1894 1806 1926 1881 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 28.30 31 31 31 31 15 percent [+]
Government Budget -0.40 -0.2 -0.05 0.09 0.24 0.88 percent of GDP [+]
Government Revenues 2370.50 3127 9742 9185 7649 8319 AZN Million [+]
Fiscal Expenditure 2191.70 3679 9985 8956 7844 8402 AZN Million [+]
Military Expenditure 3702.20 3917 3948 3979 4018 4602 USD Million [+]
Government Spending 1795.80 1746 1916 2195 2211 2234 AZN Million [+]
Government Spending To GDP 32.70 33.02 32.77 32.52 32.26 32.42 percent of GDP [+]
Government Budget Value 178.80 139 -184 -195 -144 -152 AZN Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production -0.40 1.78 0.99 0.2 -0.58 0.05 percent [+]
Manufacturing Production 4.00 3.98 4.37 4.75 5.14 5.39 percent [+]
Corruption Index 30.00 30 30 30 31 33 Points [+]
Corruption Rank 123.00 123 121 119 117 123 [+]
Ease of Doing Business 65.00 64.49 64.93 65.38 65.82 66.42 [+]
Car Registrations 1129596.00 1145293 1148305 1151317 1154329 1228760 Cars [+]
Changes In Inventories 28.10 23.76 26.39 27.38 26.39 26.46 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 [+]
Mining Production -0.80 0.36 0.54 0.6 0.62 0.64 percent [+]
Leading Economic Index 0.40 -1.7 -0.6 0.2 0.5 3.5 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Retail Sales YoY 1.50 8.63 7.83 7.03 6.23 9.63 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 9717.90 9399 10345 10952 11219 14442 AZN Million [+]
Gasoline Prices 0.40 0.42 0.42 0.42 0.42 0.42 USD/Liter [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 20.00 20.09 20 19.9 19.8 19.79 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. 3/30/2017