Azerbaijan

Continent

Asia

Capital

Baku (Baki, Baky)

Population

10,650,239

Sub-Zones

General Information

Basic details about Azerbaijan

Population:: 10,650,239
Area:: 86,600 sq km
Currency:: Azerbaijani manats
Languages:: Azerbaijani, Russian 1.4, Armenian 1.4, other 4.7

Economic Overview

Key economic indicators for Azerbaijan

GDP:: $215.896 billion
GDP per Capita:: $21,300
GDP Growth:: 1.12%
Inflation:: 8.79%
Unemployment:: 5.64%
Public Debt:: 16.82% of GDP
Credit Rating:: BB+ (2016)

Political System

Governance structure of Azerbaijan

Government Type:: presidential republic
Head of State:: President Ilham ALIYEV (since 31 October 2003)
Head of Government:: Prime Minister Ali ASADOV (since 8 October 2019)
Judiciary:: Supreme Court (consists of the chairman, vice chairman, and 23 judges in plenum sessions and organized into civil, economic affairs, criminal, and rights violations chambers); Constitutional Court (consists of 9 judges)
Administrative Divisions:: 66 districts (rayonlar; rayon - singular), 11 cities (saharlar; sahar - singular);

Major Political Parties

Not specified

International Relations

Global position and alliances

UN Member:: Yes
EU Member:: No
Diplomatic Presence:: 2741 34th Street NW, Washington, DC 20008

Major Alliances and Organizations

Economic Sectors & Trade

Detailed economic breakdown

Major Economic Sectors

Agriculture

5.5% (2023 est.)

Industry

46.6% (2023 est.)

Services

39.1% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

Trade Volume

Exports:: $35.487 billion
Imports:: $25.016 billion

Major Trading Partners

Italy 37

Turkey 19

Israel 5

Greece 4

Russia 4

Economic Outlook

Azerbaijan has a 1.12% GDP growth rate with 8.79% inflation. The economy is characterized by a strong agriculture sector.