As per International Monetary Fund (IMF) Azerbaijan’s nominal gross domestic product is expected to grow at a CAGR of 9.64% from it’s 2015 level of AZN 54.352 billion and reach AZN 103.508 billion by 2022.
Azerbaijan is located on the south-eastern frontiers of the European continent and serves as the geographical bridge between Europe and Central Asia; it is also a convenient economic and energy route from Northern Europe to the Middle East. Azerbaijan is bounded by the Caspian Sea to the east, Russia to the north, Georgia to the northwest, Armenia to the west, and Iran to the south. It has a presidential republic form of government, with Baku as the capital. The official currency in Azerbaijan is the Azerbaijani manat (AZN), and the official language is Azerbaijani.
Azerbaijan had estimated population of 9.492 million in the year 2016 and expected to reach 9.957 million by 2022. Azerbaijan’s unemployment rate was 6.048% of total labor force, which is expected to remain same till 2022.
Azerbaijan’s real gross domestic product (GDP) was around AZN 23.019 billions in 2016 whereas the nominal GDP was 59.988 billions. This resulted in GDP deflator 260.603. Per capita GDP was estimated at USD 3956.41 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 17438.59.
In 2016, Azerbaijan government’s revenue was AZN 20.685 billions whereas the expenditure was AZN 21.514 billions. This resulted Azerbaijan government’s net lending / borrowing negative at AZN 0.828 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Azerbaijan was estimated to be negative at USD 1.42 billions for the year 2016 and is expected to grow at a CAGR of 249.50% and reach USD 3.705 by 2022. This positive current account balance indicates the Azerbaijan is a net lender to the whole world.
Scope of the Azerbaijan PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Azerbaijan.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Azerbaijan.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Azerbaijan.
- These reports provide risk analysis for Azerbaijan.
For more information and to purchase Azerbaijan PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/azerbaijan-pestel-analysis-market-research-report
For more information and to purchase Azerbaijan SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/azerbaijan-swot-analysis-market-research-report
For more information and to purchase Azerbaijan Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/azerbaijan-risk-analysis-market-research-report
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