GDP in Azerbaijan

Azerbaijan GDP | Economic News & Forecasts

Azerbaijan - GDP

Azerbaijan’s economy ended the second quarter on a whimper, after having slowly but surely crept closer to expansionary territory since the beginning of the year. The Statistical Institute’s economic activity indicator contracted 1.3% over the first six months of the year, while non-oil GDP growth slowed although it did remain positive. The aggravation in the country’s economic performance is largely due to a sharp slowdown in exports growth, while performance of both industrial production and retail sales remained broadly stable compared to the previous month. As a result of the economy’s poor performance, the government’s fiscal deficit widened to end the first half of the year. On a somewhat brighter note, the number of delinquent loans grew at a softer pace in Q2, which is welcome news for the country’s ailing banking sector.

Azerbaijan - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)2.2  5.8  2.8  1.1  -3.8  

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Azerbaijan GDP Chart

Azerbaijan GDP
Note: Annual variation of gross domestic product (GDP) in %.

Azerbaijan Facts

Exchange Rate1.730.03 %Aug 17

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