Markets Actual Q4 Q1 Q2 Q3 2023
Currency 1.70 1.7 1.7 1.7 1.7 1.7

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Annual Growth Rate (%) 5.70 3.5 4 2.7 3.4 2.8
Unemployment Rate (%) 6.00 5.9 5.9 5.9 5.9 5.6
Inflation Rate (%) 13.70 14.5 13.1 10.7 8 6.5
Interest Rate (%) 8.00 8 8.25 8.25 8.25 7.5
Balance of Trade (USD Thousand) 7575310.00 7500000 7500000 7500000 7500000 7500000
Current Account (USD Million) 6378.10 4900 1800 1500 1500 4200
Current Account to GDP (% of GDP) 15.20 25 20 20 20 20
Government Debt to GDP (% of GDP) 18.20 20 20 20 20 20
Government Budget (% of GDP) -1.10 -0.5 -0.5 0 0 -0.5
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q4 Q1 Q2 Q3 2023
GDP Annual Growth Rate (%) 5.70 3.5 4 2.7 3.4 2.8
GDP (USD Billion) 54.62 51 52 52 52 52
GDP Constant Prices (AZN Million) 6944.30 9717 6213 7132 7180 9989
Gross Fixed Capital Formation (AZN Million) 3666.00 6046 2411 3765 3791 6215
GDP per Capita (USD) 5340.49 5890 5890 5890 5890 5890
GDP per Capita PPP (USD) 14421.05 14650 14650 14650 14650 14650
Full Year GDP Growth (%) 5.60 2.5 2.3 2.3 2.3 2.3
Gross National Product (AZN Million) 90923.00 94105 94560 93378 94014 96740
GDP from Agriculture (AZN Million) 553.60 412 200 569 572 423
GDP from Construction (AZN Million) 458.00 980 268 470 474 1007
GDP from Manufacturing (AZN Million) 362.20 564 453 372 375 579
GDP from Mining (AZN Million ) 2320.70 3890 2313 2383 2400 3999
GDP from Public Administration (AZN Million) 150.40 172 179 154 156 177
GDP from Services (AZN Million ) 632.30 847 616 649 654 871
GDP from Transport (AZN Million) 1381.80 1321 1066 1419 1429 1358
GDP from Utilities (AZN Million) 36.10 44.82 39.1 37.07 37.33 46.07

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 6.00 5.9 5.9 5.9 5.9 5.6
Employed Persons (Thousand ) 4988.20 4900 4900 4800 4800 4860
Unemployed Persons (Thousand ) 315.70 280 260 260 260 260
Minimum Wages (AZN/Month) 300.00 300 300 340 340 340
Population (Million) 10.16 10.3 10.5 10.5 10.5 10.5
Retirement Age Men (Years) 65.00 65 65 65 65 65
Retirement Age Women (Years) 63.00 63 63.5 63.5 63.5 63.5
Wages (AZN/Month) 827.40 570 570 570 570 570
Wages in Manufacturing (AZN/Month) 685.20 620 620 620 620 620

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 13.70 14.5 13.1 10.7 8 6.5
Producer Price Inflation MoM (% ) 2.40 8 5 5 5 5
Food Inflation (%) 19.40 19.7 13 12 12 8
Inflation Rate MoM (%) 1.60 0.9 0.2 0.4 0.4 0.5
Import Prices (points) 127.90 102 102 102 102 102
Consumer Price Index CPI (points) 204.60 209 214 213 218 222
Producer Prices Change (%) 104.10 104 100 86 56 40

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 8.00 8 8.25 8.25 8.25 7.5
Money Supply M2 (AZN Million) 28702.10 24900 25000 25900 25900 26000
Deposit Interest Rate (%) 8.71 8.71 8.96 8.96 8.96 8.21
Foreign Exchange Reserves (USD Million) 7667.30 7280 7290 7300 7300 7800

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (USD Thousand) 7575310.00 7500000 7500000 7500000 7500000 7500000
Current Account (USD Million) 6378.10 4900 1800 1500 1500 4200
Current Account to GDP (% of GDP) 15.20 25 20 20 20 20
Imports (USD Thousand) 3202214.00 5000000 5000000 5000000 5000000 5000000
Exports (USD Thousand) 10777524.00 12500000 12500000 12500000 12500000 12500000
Crude Oil Production (BBL/D/1K) 637.95 740 740 750 750 750
Foreign Direct Investment (USD Million) 1406.00 1000 1000 1000 1000 1000
Gold Reserves (Tonnes) 0.00 0 0 0 0 0
Tourist Arrivals 1848.00 12000 12000 12000 12000 12000

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 18.20 20 20 20 20 20
Government Budget (% of GDP) -1.10 -0.5 -0.5 0 0 -0.5
Government Budget Value (AZN Million) 3823.40 2500 900 1500 1500 950
Government Spending (AZN Million) 3685.40 3353 3216 3785 3811 3447
Government Spending to GDP (% of GDP) 29.50 30 30 30 30 32
Military Expenditure (USD Million) 2703.20 2300 2500 2500 2500 2500

Taxes Actual Q4 Q1 Q2 Q3 2023
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 18.00 18 18 18 18 18
Social Security Rate (%) 25.00 25 25 25 25 25
Social Security Rate For Companies (%) 22.00 22 22 22 22 22
Social Security Rate For Employees (%) 3.00 3 3 3 3 3

Business Actual Q4 Q1 Q2 Q3 2023
Industrial Production (%) -0.10 2.5 2.5 2 2 2
Manufacturing Production (%) 19.80 4.5 4.5 3 3 3.5
Mining Production (%) -1.10 3.5 3.5 1.5 1.5 3.5
Car Registrations (Units) 1349307.00 1280000 1300000 1300000 1300000 1300000
Changes in Inventories (AZN Million) 1548.50 200 800 500 500 600

Consumer Actual Q4 Q1 Q2 Q3 2023
Retail Sales YoY (%) 2.90 3.5 3.5 3.5 3.5 2.5
Gasoline Prices (USD/Liter) 0.59 0.61 0.64 0.66 0.68 0.73
Consumer Spending (AZN Million) 13913.00 13294 13714 14289 14386 13666
Disposable Personal Income (AZN Million) 57181.50 59183 59469 58725 59126 60840