CFI Data on Azerbaijan
We offer a data-driven country report for Azerbaijan that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Azerbaijan.
Trade agreement information for Azerbaijan
Does Azerbaijan belong to any economic unions or free trade areas?
Member of the Organization of the Black Sea Economic Cooperation (BSEC) since 05/06/1998
Other members:
Albania, Armenia, Bulgaria, Georgia, Greece, Republic of Moldova, Romania, Russian Federation, Serbia, Turkey, Ukraine
What bilateral trade deals are there between Azerbaijan and other countries and economic unions?
Georgia - Azerbaijan free trade agreement (from 10/07/1996)
Implementation dates might vary according to the date of the United Kindom's exit from the European UnionTrade between Azerbaijan and the United Kingdom
Source: UK Office for National Statistics, October 2019.
Contains public sector information licensed under the Open Government Licence v3.0.
Its population in 2018 was 9,923,914 [1]
In 2015, 2.31% of its total energy
consumption was renewable [2]
In 2018, its GDP grew by 1.41% [2]
In 2018 it had a positive Current
Account Balance of US$bn3.02 [3]
Its unemployment rate in 2018 was 5.03% [3]
Its Expenditure on R&D (as a percentage of
GDP) in 2017 was 0.19% [2]
A Big Mac will set you back the
local equivalent of US$2.33 [4]
Data sources