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Azerbaijan Economy
GDP:
purchasing power parity - $26.65 billion (2003 est.)
GDP - real growth rate:
11.2% (2003 est.)
GDP - per capita:
purchasing power parity - $3,400 (2003 est.)
GDP - composition by sector:
agriculture: 14.1%
industry: 45.7%
services: 40.2% (2002 est.)
Investment (gross fixed):
50.4% of GDP (2003)
Population below poverty line:
49% (2002 est.)
Household income or consumption by percentage share:
lowest 10%: 2.8%
highest 10%: 27.8% (1995)
Distribution of family income - Gini index:
36 (1995)
Inflation rate (consumer prices):
2.1% (2003 est.)
Labor force:
4.99 million (2003)
Labor force - by occupation:
agriculture and forestry 41%, industry 7%, services 52% (2001)
Unemployment rate:
1.1% (official rate is 1.2%) (2003 est.)
Budget:
revenues: $2.063 billion
expenditures: $2.202 billion, including capital expenditures of NA (2003)
Public debt:
16.3% of GDP (2003 est.)
Industries:
petroleum and natural gas, petroleum products, oilfield equipment; steel, iron ore, cement; chemicals and petrochemicals; textiles
Industrial production growth rate:
6.1% (2003 est.)
Electricity - production:
18.23 billion kWh (2001)
Electricity - production by source:
fossil fuel: 89.7%
hydro: 10.3%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
16.65 billion kWh (2001)
Electricity - exports:
700 million kWh (2001)
Electricity - imports:
400 million kWh (2001)
Oil - production:
307,200 bbl/day (2001 est.)
Oil - consumption:
140,000 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Oil - proved reserves:
589 million bbl (1 January 2002)
Natural gas - production:
5.72 billion cu m (2001 est.)
Natural gas - consumption:
6.72 billion cu m (2001 est.)
Natural gas - exports:
0 cu m (2001 est.)
Natural gas - imports:
1 billion cu m (2001 est.)
Natural gas - proved reserves:
62.3 billion cu m (1 January 2002)
Agriculture - products:
cotton, grain, rice, grapes, fruit, vegetables, tea, tobacco; cattle, pigs, sheep, goats
Current account balance:
$-2.021 billion (2003)
Exports:
$2.605 billion f.o.b. (2003 est.)
Exports - commodities:
oil and gas 90%, machinery, cotton, foodstuffs
Exports - partners:
Italy 32.5%, Czech Republic 11.9%, Germany 10%, France 7.9%, Georgia 5.2%, Turkey 5.1% (2003 est.)
Imports:
$2.498 billion f.o.b. (2003 est.)
Imports - commodities:
machinery and equipment, oil products, foodstuffs, metals, chemicals
Imports - partners:
Russia 15.3%, UK 9.8%, Germany 9%, China 8.7%, Turkey 8.2%, Kazakhstan 7%, Italy 5.2%, US 5.2% (2003 est.)
Reserves of foreign exchange & gold:
$820.9 million (2003)
Debt - external:
$1.575 billion (2003)
Economic aid - recipient:
ODA, $140 million (2000 est.)
Currency code:
AZM
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