Table of Contents

    The Economy of Azerbaijan

    📊Economic Indicators

    Major Indicators

    Azerbaijan
    Global Median

    Latest Indicator Releases

    May 25, 2023LatestPrevious
    GDP35.6334.67
    Capital Formation (Local Currency)6.5903.660
    May 2, 2023LatestPrevious
    Exchange Rate1.7001.700
    Apr 28, 2023LatestPrevious
    Industrial Production-3.200-2.800
    Apr 27, 2023LatestPrevious
    Inflation13.5215.55
    Apr 26, 2023LatestPrevious
    Business Credit Interest Rate10.0710.22
    Money Supply29.6927.70
    Mortgage Credit3.1302.790
    Consumer Credit8.6507.320
    Consumer Price Index (CPI)218.15204.08

    🔁Trade

    Source: United Nations

    Trade Balance

    Imports
    Exports

    Major Trade Partners

    Country
    Trade Value
    % of Trade
    Import Value
    Export Value
    Balance
    		Region
    Italy$9.56b81.73$419.41m$9.14b$8.72bEurope
    Russia$3.11b26.54$2.07b$1.03b-$1.04bAsia
    Turkey$2.59b22.18$1.84b$751.29m-$1.09bMiddle East
    China$1.84b15.77$1.64b$205.03m-$1.43bAsia
    Germany$1.47b12.54$632.75m$834.38m$201.63mEurope
    Ukraine$1.12b9.58$468.86m$651.71m$182.84mEurope
    Spain$779.67m6.66$81.38m$698.29m$616.91mEurope
    Croatia$760.01m6.5$3.38m$756.63m$753.25mEurope
    Georgia$700.68m5.99$102.31m$598.38m$496.07mEurope
    Tunisia$686.71m5.87$2.52m$684.19m$681.67mAfrica

    🗞News

    Azerbaijan's Economy
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