Azerbaijan Country Snapshot


EIU

Azerbaijan - Economist Intelligence Unit - The Economist

DOMESTIC POLITICS: The incumbent, Mr Aliyev, won a second five-year term in the presidential election held in October 2008. Mr Aliyev had been expected either to seek to stay in office beyond 2013, or to ensure that a trusted successor would take over from him in 2013. However, in a nationwide referendum in March 2009 voters approved a package of amendments to the constitution, including the removal of the limit on the number of terms that a president can serve.

Country Forecast Overview (3 Year)
Key Indicators 2008 2009 2010
Real GDP Growth (%) 9.70 4.80 5.60
Consumer Price Inflation (av;%) 20.80 1.70 6.60
Budget Balance (% of GDP) -6.40 -7.00 -5.30
Current-Account Balance (% of GDP) 35.49 14.00 20.20
Exchange Rate US$:Euro (av) .82 .80 .80
Exchange Rate US$:Euro(year-end) .80 .80 .80

Azerbaijan GDP PPP & GDP Growth Rates
2004 - 2008
Azerbaijan GDP Growth Rate Chart

Year GDP in Billions of USD PPP % GDP Growth
2004 37.77 9.12
2005 49.34 25.07
2006 68.52 32.99
2007 88.10 23.83
2008 99.70 9.70
Source: EIU Country Data

Azerbaijan: risk assessment
Risk November 2009
Sovereign risk BB
Currency risk B
Banking sector risk CCC
Political risk CCC
Economic structure risk BB
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