2006a | 2007a | 2008a | 2009a | 2010a | 2011b | 2012b | |
GDP | |||||||
Nominal GDP (US$ m) | 20,982 | 33,049 | 48,851 | 43,019 | 51,797 | 59,448 | 67,395 |
Nominal GDP (Manat m) | 18,746 | 28,361 | 40,137 | 34,578 | 41,575 | 46,857 | 52,031 |
Real GDP growth (%) | 34.5 | 25.0 | 10.8 | 9.3 | 5.0 | 3.5 | 3.3 |
Expenditure on GDP (% real change) | |||||||
Private consumption | 26.0c | 17.9c | 17.4c | 10.9c | 4.8c | 3.5 | 3.3 |
Government consumption | 30.4c | 24.1c | 3.1c | 28.4c | 5.9c | 3.0 | 3.0 |
Gross fixed investment | 2.6c | -5.9c | 1.7c | -17.0c | 6.0c | 4.0 | 7.0 |
Exports of goods & services | 40.9c | 43.3c | 13.1c | -31.4c | 14.5c | 5.0 | 5.0 |
Imports of goods & services | 14.3c | 14.0c | -3.5c | -0.4c | 1.5c | 2.5 | 3.0 |
Origin of GDP (% real change) | |||||||
Agriculture | 0.9 | 4.0 | 6.1 | 3.5 | -2.2c | 3.0 | 3.2 |
Industry | 36.6 | 25.0 | 6.0 | 8.6 | 2.6c | 3.0 | 3.9 |
Services | 37.7 | 30.7 | 20.8 | 11.5 | 10.1c | 4.4 | 2.5 |
Population and income | |||||||
Population (m) | 8.5 | 8.6 | 8.8 | 8.9 | 9.0 | 9.1 | 9.2 |
GDP per head (US$ at PPP) | 8,030c | 10,216c | 11,370c | 12,376c | 12,970c | 13,473 | 14,122 |
Recorded unemployment (av; %) | 1.0 | 0.9 | 0.9 | 0.9 | 1.0c | 1.0 | 1.0 |
Fiscal indicators (% of GDP) | |||||||
General government revenue | 17.5 | 19.1 | 17.3 | 15.6 | 13.2 | 13.1 | 13.0 |
General government expenditure | 20.2 | 21.5 | 26.8 | 30.6 | 28.3 | 34.7 | 32.1 |
General government balance | -2.7 | -2.3 | -9.5 | -14.9 | -15.1 | -21.5 | -19.1 |
Net public debt | 9.5 | 7.4 | 5.9c | 6.7c | 4.5c | 3.7 | 3.4 |
Prices and financial indicators | |||||||
Exchange rate Manat:US$ (end-period) | 0.87 | 0.85 | 0.80 | 0.80 | 0.80 | 0.79 | 0.75 |
Exchange rate Manat:€ (end-period) | 1.15 | 1.24 | 1.12 | 1.15 | 1.08 | 1.04 | 0.92 |
Consumer prices (end-period; %) | 11.4 | 19.7 | 15.5 | 0.6 | 7.8 | 6.1 | 5.8 |
Stock of money M1 (% change) | 114.6 | 127.6 | 40.9 | 1.8 | 28.2 | 14.6 | 18.5 |
Stock of money M3 (% change) | 65.4 | 93.9 | 44.0 | -0.3 | 24.3 | 10.0 | 11.0 |
Lending interest rate (av; %) | 17.9 | 19.1 | 19.8 | 20.0 | 21.0 | 19.4 | 19.0 |
Current account (US$ m) | |||||||
Trade balance | 7,745 | 15,224 | 23,012 | 14,583 | 19,730 | 20,055 | 19,902 |
Goods: exports fob | 13,015 | 21,269 | 30,586 | 21,097 | 26,476 | 27,138 | 27,410 |
Goods: imports fob | -5,269 | -6,045 | -7,575 | -6,514 | -6,746 | -7,083 | -7,508 |
Services balance | -1,923 | -2,131 | -2,343 | -1,608 | -1,733 | -1,837 | -1,966 |
Income balance | -2,681 | -5,079 | -5,266 | -3,519 | -3,467 | -3,703 | -3,672 |
Current transfers balance | 566 | 1,005 | 1,050 | 722 | 509 | 500 | 503 |
Current-account balance | 3,708 | 9,019 | 16,453 | 10,178 | 15,040 | 15,016 | 14,767 |
External debt (US$ m) | |||||||
Debt stock | 2,550 | 3,436 | 4,072 | 3,440c | 3,259c | 3,054 | 2,999 |
Debt service paid | 290 | 281 | 453 | 449c | 377c | 347 | 319 |
Principal repayments | 215 | 114 | 186 | 191c | 186c | 173 | 161 |
Interest | 75 | 167 | 267 | 257c | 190c | 174 | 158 |
International reserves (US$ m) | |||||||
Total international reserves | 2,500 | 4,273 | 6,467 | 5,364 | 6,409 | 7,755 | 8,453 |
a Actual. b Economist Intelligence Unit forecasts. c Economist Intelligence Unit estimates. | |||||||
Sources: IMF, International Financial Statistics; Economist Intelligence Unit. |
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