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 12.40 9.8 8.4 7.7 7.1 3.5 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 16.00 31 31 31 31 15 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.79 1.81 1.82 1.84 1.86 2.12 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate -3.90 -2.1 -1.5 -0.8 0.9 4 percent [+]
GDP 53.05 47 47 47 52 75 USD Billion [+]
GDP Constant Prices 54433.10 25735 31109 34189 32018 32285 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 [+]
Gross National Product 57322.40 60030 60123 60217 60310 70712 AZN Million [+]
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 [+]
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 105.00 104 106 108 110 114 AZN/Month [+]
Population 9.59 9.61 9.64 9.67 9.7 10.11 Million [+]
Retirement Age Men 63.00 63 63 62.99 62.99 62.99 [+]
Retirement Age Women 60.00 60.26 60.12 59.98 59.85 59.04 [+]
Wages 493.80 499 501 502 503 504 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 720.00 679 680 680 680 680 AZN/Month [+]
Living Wage Individual 384.00 355 366 362 363 363 AZN/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 12.40 9.8 8.4 7.7 7.1 3.5 percent [+]
Producer Prices 100.40 99.11 99.12 99.11 99.11 99.11 Index Points [+]
Producer Prices Change 16.40 17.42 17.23 17.33 17.28 17.3 percent [+]
Inflation Rate Mom 3.00 0.72 0.86 0.92 0.89 0.89 percent [+]
Food Inflation 14.10 14.34 14.61 14.78 14.89 15.08 percent [+]
Import Prices 100.90 101 101 101 101 104 Index Points [+]
Consumer Price Index Cpi 137.30 138 137 137 137 137 Index Points [+]
Export Prices 54.90 88.09 80.6 73.1 65.61 90.13 Index Points [+]
GDP Deflator 113.80 107 106 106 105 105 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 15.00 15 12 10 8 5 percent [+]
Money Supply M0 5833.50 5824 5849 5864 5874 5891 AZN Million [+]
Money Supply M2 10942.40 11511 11777 11936 12034 12191 AZN Million [+]
Deposit Interest Rate 9.00 9.54 9.64 9.74 9.84 11.22 percent [+]
Money Supply M3 20134.20 20039 19964 19889 19815 19013 AZN Million [+]
Money Supply M1 8346.10 9132 9534 9929 10317 14734 AZN Million [+]
Foreign Exchange Reserves 4005.50 3824 3788 3770 3762 3755 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 29.15 29.15 29.15 29.15 29.15 29.15 [+]
Foreign Direct Investment 2061.00 1887 1896 1809 1927 1883 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 16.00 31 31 31 31 15 percent [+]
Government Budget -1.20 -0.69 -1.2 -1.71 -2.22 0.14 percent of GDP [+]
Government Revenues 12965.50 7887 8681 9289 8927 8960 AZN Million [+]
Fiscal Expenditure 13927.40 7795 8881 9346 8988 9049 AZN Million [+]
Military Expenditure 3702.20 3917 3948 3979 4018 4602 USD Million [+]
Government Budget Value -961.90 -327 -356 -392 -387 -385 AZN 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 [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production 2.40 0.12 0.92 1.73 2.53 1.04 percent [+]
Manufacturing Production 7.00 2.28 2.89 3.51 4.12 0.49 percent [+]
Mining Production -0.80 0.36 0.54 0.6 0.62 0.64 percent [+]
Leading Economic Index -3.90 -1.7 -0.6 0.2 0.5 3.5 percent [+]
Corruption Index 29.00 29.48 29.28 29.09 28.89 31.72 Points [+]
Corruption Rank 119.00 123 121 119 117 123 [+]
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 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Retail Sales YoY 10.90 9.66 9.79 9.92 10.05 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 9717.90 9399 10345 10952 11219 14442 AZN Million [+]
Gasoline Prices 0.39 0.38 0.38 0.38 0.38 0.38 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. 1/17/2017