GDP in Azerbaijan
Azerbaijan - GDPEconomic activity in Azerbaijan slipped further in November and the country is likely to have contracted close to 3.0% in 2016. The oil price shock took a heavy toll on the oil-reliant nation and it spilled over to the non-oil sector last year. Fixed investment plunged, industrial production contracted and the fiscal deficit widened, forcing the government to trim public expenditure. However, the latest developments in crude prices give some cause for optimism. The rise of the price per barrel observed in the first days of 2017 was triggered by the beginnings of a production curb by OPEC and non-OPEC members.
Azerbaijan - GDP Data
|Economic Growth (GDP, annual variation in %)||0.1||2.2||5.8||2.8||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Azerbaijan GDP Chart
|Exchange Rate||1.85||-0.95 %||Jan 20|
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