Country Report Azerbaijan June 2011

Data and charts: Monthly data

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Exchange rate Manat:US$ (av)
2009	0.804	0.807	0.804	0.803	0.804	0.804	0.804	0.804	0.804	0.803	0.803	0.803
2010	0.803	0.803	0.803	0.804	0.804	0.804	0.804	0.804	0.803	0.802	0.800	0.799
2011	0.798	0.795	0.793	0.792	0.791	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Exchange rate Manat:US$ (end-period)
2009	0.807	0.805	0.803	0.803	0.804	0.804	0.804	0.804	0.804	0.803	0.802	0.803
2010	0.804	0.803	0.803	0.803	0.804	0.804	0.804	0.804	0.803	0.801	0.800	0.798
2011	0.797	0.794	0.793	0.792	0.789	n/a	n/a	n/a	n/a	n/a	n/a	n/a
M1 (% change, year on year)
2009	43.1	33.2	13.5	11.0	11.7	2.0	0.5	2.0	-3.7	0.2	2.5	1.8
2010	2.7	10.0	27.0	29.9	31.1	32.0	31.9	27.5	32.6	32.2	26.7	28.2
2011	34.7	31.6	27.3	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
M2 (% change, year on year)
2009	42.2	23.6	5.4	3.5	2.1	-4.9	0.6	0.2	-2.9	0.6	2.4	0.5
2010	2.1	10.6	32.2	32.6	33.5	34.3	24.0	24.8	28.4	27.9	23.6	25.8
2011	28.1	28.3	25.3	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Deposit rate (av; %)
2009	11.8	11.5	12.0	12.1	12.2	12.2	12.3	12.4	12.6	12.6	12.5	12.2
2010	12.0	12.1	12.0	11.5	12.0	12.0	11.6	11.5	11.6	11.3	11.2	11.0
2011	11.1	10.9	10.9	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Refinancing rate (end-period; %)
2009	8.0	5.0	3.0	3.0	2.0	2.0	2.0	2.0	2.0	2.0	2.0	2.0
2010	2.0	2.0	2.0	2.0	2.0	2.0	2.0	2.0	2.0	2.0	3.0	3.0
2011	3.0	3.0	5.0	5.0	5.25	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Industrial production (cumulative from start of year; Manat m)
2009	1,324	2,671	4,177	5,577	7,413	9,314	11,313	13,568	15,625	17,662	19,841	22,184
2010	2,543	4,660	7,141	9,615	12,141	14,159	16,232	18,312	20,410	22,489	25,256	27,435
2011	2,491	4,861	7,494	9,786	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Agricultural production (cumulative from start of year; Manat m)
2009	112	218	325	437	648	1,301	2,105	2,490	2,871	3,086	3,270	3,436
2010	109	215	337	471	671	1,307	1,944	2,406	2,896	3,164	3,431	3,880
2011	165	323	474	677	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Registered unemployed
2009	44,468	n/a	44,174	44,004	44,115	44,125	43,747	43,352	42,952	42,183	41,605	41,100
2010	41,000	41,000	40,786	40,500	40,200	40,000	39,700	39,500	39,400	39,100	39,000	38,900
2011	39,200	39,500	39,700	39,900	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Consumer prices (av; % change, year on year)
2009	11.9	8.9	4.8	1.4	-1.1	-1.8	-0.8	-0.7	-1.3	-1.7	-0.6	0.6
2010	1.7	3.7	5.8	6.0	6.0	6.0	5.0	5.6	6.1	6.7	7.2	7.8
2011	8.2	9.3	9.1	8.8	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Industrial producer prices (cumulative from start of year; % change, year on year)
2009	-40.9	-40.8	-39.4	-38.9	-37.4	-36.3	-34.9	-33.3	-30.6	-27.4	-23.5	-19.2
2010	75.7	76.2	71.9	69.8	62.4	55.5	48.2	43.1	38.2	34.4	31.4	28.2
2011	1.1	0.9	0.8	23.3	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Agricultural producer prices (cumulative from start of year; % change, year on year)
2009	12.8	11.0	8.4	6.4	4.3	2.9	1.9	1.2	1.1	0.9	0.6	0.3
2010	-4.3	-3.8	-2.1	-0.3	0.6	1.5	2.5	3.2	2.8	3.2	3.7	4.2
2011	12.4	13.6	13.8	13.5	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Nominal wages (Manat per month)
2009	291.0	292.0	292.0	295.7	296.5	298.0	298.0	298.0	298.0	296.3	296.0	298.0
2010	296.9	298.2	304.0	309.8	313.9	315.2	316.3	317.4	319.1	320.0	321.2	325.0
2011	325.1	332.3	339.6	348.6	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Goods exports fob (US$ m)
2009	681	810	990	1,055	1,054	1,220	1,330	1,443	1,402	1,574	1,605	1,533
2010	1,428	1,789	1,293	1,737	1,930	2,068	1,763	1,940	1,719	1,698	2,038	1,921
2011	1,573	1,817	n/a	2,055	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Goods imports cif (US$ m)
2009	519	407	396	495	445	457	519	585	546	587	492	671
2010	364	340	455	603	641	500	606	515	522	593	575	888
2011	593	735	564	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Trade balance fob-cif (US$ m)
2009	163	403	594	560	609	763	811	858	856	987	1,112	862
2010	1,064	1,449	838	1,134	1,290	1,569	1,157	1,426	1,198	1,105	1,463	1,033
2011	980	1,082	1,491	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Foreign-exchange reserves excl gold (US$ m)
2009	6,365	5,975	5,220	5,185	5,217	5,265	4,929	5,142	5,149	5,507	5,629	5,364
2010	5,587	5,482	5,911	6,083	5,718	5,520	6,041	6,130	6,209	6,255	6,212	6,409
2011	6,703	6,820	6,799	7,351	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Sources: State Statistics Committee; IMF, International Financial Statistics; Haver Analytics.

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