Azerbaijan
| Country summary | |
|---|---|
|
Capital |
Baku (Baki, Baky) |
|
Borders |
Armenia (with Azerbaijan-proper) 566 km, Armenia (with Azerbaijan-Naxcivan exclave) 221 km, Georgia 322 km, Iran (with Azerbaijan-proper) 432 km, Iran (with Azerbaijan-Naxcivan exclave) 179 km, Russia 284 km, Turkey 9 km |
|
Government type |
republic |
|
Population |
8,238,672 (July 2010 est.)[1] |
|
Population growth |
0.762% (2010 est.)[1] |
|
Life expectancy |
66.66 years[1] |
|
Unemployment |
6% (2009 est.)[1] |
|
96[2] | |
|
143[3] | |
|
38[4] | |
Azerbaijan - a nation with a majority-Turkic and majority-Muslim population - was briefly independent from 1918 to 1920; it regained its independence after the collapse of the Soviet Union in 1991. Despite a 1994 cease-fire, Azerbaijan has yet to resolve its conflict with Armenia over Nagorno-Karabakh, a primarily Armenian-populated region, assigned to Soviet Azerbaijan in the 1920s by Moscow. Armenia and Azerbaijan began fighting over the area in 1988; the struggle escalated after both countries attained independence from the Soviet Union in 1991. By May 1994, when a cease-fire took hold, ethnic Armenian forces held not only Nagorno-Karabakh but also seven surrounding provinces in the territory of Azerbaijan. Corruption in the country is ubiquitous, and the government, which eliminated presidential term limits in a 2009 referendum, has been accused of authoritarianism. Although the poverty rate has been reduced in recent years due to revenue from oil production, the promise of widespread wealth resulting from the continued development of Azerbaijan's energy sector remains largely unfulfilled.[1]
Economical characteristics
- Currency: Manat (ISO code: AZN)
- Central bank discount rate: 2% (31 December 2009)[1]
- Commercial banks lending rate: 19.76% (31 December 2008)[1]
- Stock of money (M1): $6.381 billion (31 December 2008)[1]
- Quasi money (with M1 makes M2): $4.125 billion (31 December 2008)[1]
Notable events:
- Banking crisis: 1995[5]
Statistics
| Statistic / Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|
| GDP (million USD)[6] | 4 581 | 5 273 | 5 708 | 6 236 | 7 276 | 8 681 | 13 239 | 20 982 | 33 049 | 46 135 |
| Govt. debt (% of GDP)[7] | ||||||||||
| Govt. revenue (% of GDP)[8] | 17.573 | 27.288 | ||||||||
| Govt. expenses (% of GDP)[9] | 19.010 | 15.453 | ||||||||
| Debt to revenue (years) |
References
Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Azerbaijan", from The World Factbook. Referenced 2010-09-30.
- ↑ Heritage Foundation. "Azerbaijan", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
- ↑ Transparency International. "Azerbaijan", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-30.
- ↑ Doing Business. "Azerbaijan", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
- ↑ Carmen M. Reinhart and Kenneth S. Rogoff. "This Time is Different", Princeton University Press, ISBN 978-0-691-14216-6, p. 351. (The list does not claim to be complete.) Referenced 2011-07-19.
- ↑ World Bank. "Azerbaijan: GDP", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "Azerbaijan: government debt", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "Azerbaijan: government revenue", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "Azerbaijan: government expenses", from World Bank Data. Referenced 2010-09-30.
Links
- Azerbaijan on Wikipedia
- Central bank of Azerbaijan
- Country profile (pdf) from the Enterprise Studies page (part of the The World Bank Group)
- Studies from the Library of Congress (1986-1998)
- BBC country profile
