Forecast summary | ||||||
(% unless otherwise indicated) | ||||||
2010a | 2011b | 2012b | 2013b | 2014b | 2015b | |
Real GDP growth | 5.0 | 3.5 | 3.3 | 4.6 | 5.1 | 5.8 |
Industrial production growth | 2.6 | 3.0 | 3.9 | 4.2 | 4.4 | 4.8 |
Gross fixed investment growth | 6.0c | 4.0 | 7.0 | 9.0 | 9.0 | 10.0 |
Crude oil & NGL production ('000 b/d) | 1,023 | 1,034 | 1,054 | 1,105 | 1,110 | 1,115 |
Unemployment rate (av) | 1.0c | 1.0 | 1.0 | 1.0 | 1.0 | 1.1 |
Consumer price inflation (av) | 5.7 | 8.0 | 6.1 | 5.3 | 5.0 | 4.8 |
Consumer price inflation (end-period) | 7.8 | 6.1 | 5.8 | 4.7 | 4.6 | 4.4 |
Short-term interbank rate | 21.0 | 19.4 | 19.0 | 18.6 | 18.6 | 18.6 |
State government balanced (% of GDP) | -15.1 | -21.5 | -19.1 | -16.2 | -13.1 | -10.4 |
Exports of goods fob (US$ bn) | 26.5 | 27.1 | 27.4 | 28.1 | 28.2 | 28.4 |
Imports of goods fob (US$ bn) | 6.7 | 7.1 | 7.5 | 8.0 | 8.6 | 9.4 |
Current-account balance (US$ bn) | 15.0 | 15.0 | 14.8 | 14.5 | 13.7 | 12.6 |
Current-account balance (% of GDP) | 29.0 | 25.3 | 21.9 | 18.8 | 16.0 | 13.1 |
External debt (end-period; US$ bn) | 3.3c | 3.1 | 3.0 | 2.9 | 3.0 | 3.2 |
Exchange rate Manat:US$ (av) | 0.80 | 0.79 | 0.77 | 0.75 | 0.75 | 0.74 |
Exchange rate Manat:Rb (av) | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
Exchange rate Manat:YTL (av) | 0.53 | 0.50 | 0.48 | 0.47 | 0.47 | 0.47 |
a Actual. b Economist Intelligence Unit forecasts. c Economist Intelligence Unit estimates. d Excludes transfers from the State Oil Fund of the Republic of Azerbaijan (the overseas windfall fund). |
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