GDP in Azerbaijan

Azerbaijan GDP | Economic News & Forecasts

Azerbaijan - GDP

Growth lost steam in the second quarter, following a healthy oil sector-driven expansion at the outset of the year. Faltering crude production weighed on overall industrial output growth in the quarter, largely offsetting gains from a surge in natural gas production. Moreover, lower crude shipments dented the external sector’s performance, bringing merchandise export growth to a near standstill in H1. This, in turn, seemingly resulted in crumbling oil export income and likely dragged on government revenue in the quarter. On a more positive note, non-oil sector activity remained healthy in Q2. Retail sales accelerated a notch, amid a more accommodative monetary policy environment, which points to robust consumer demand. On top of that, agricultural output and industrial production excluding oil and gas rose considerably in Q2.

Azerbaijan - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)5.8  2.8  1.1  -3.1  0.2  

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Azerbaijan GDP Chart

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

Azerbaijan Facts

Exchange Rate1.70-0.66 %Jul 31
Stock Market0.10.0 %Jul 31

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