progress is the need for stepped up foreign investment in the
non-energy sector. A second obstacle is the continuing conflict with
Armenia over the Nagorno-Karabakh region. Trade with Russia and the
other former Soviet republics is declining in importance while trade
is building with Turkey and the nations of Europe. Long-term
prospects will depend on world oil prices, the location of new
pipelines in the region, and Azerbaijan's ability to manage its oil
wealth.

GDP (purchasing power parity):
$30.01 billion (2004 est.)

GDP - real growth rate:
9.8% (2004 est.)

GDP - per capita:
purchasing power parity - $3,800 (2004 est.)

GDP - composition by sector:
agriculture: 14.1%
industry: 45.7%
services: 40.2% (2002 est.)

Labor force:
5.09 million (2004 est.)

Labor force - by occupation:
agriculture and forestry 41%, industry 7%, services 52% (2001)

Unemployment rate:
1.2% (official rate) (2004 est.)

Population below poverty line:
49% (2002 est.)

Household income or consumption by percentage share:
lowest 10%: 2.8%
highest 10%: 27.8% (1995)

Distribution of family income - Gini index:
36 (1995)

Inflation rate (consumer prices):
4.6% (2004 est.)

Investment (gross fixed):
65.1% of GDP (2004 est.)

Budget:
revenues: $2.715 billion
expenditures: $2.801 billion, including capital expenditures of NA
(2004 est.)

Public debt:
18.9% of GDP (2004 est.)

Agriculture - products:
cotton, grain, rice, grapes, fruit, vegetables, tea, tobacco;
cattle, pigs, sheep, goats

Industries:
petroleum and natural gas, petroleum products, oilfield equipment;
steel, iron ore, cement; chemicals and petrochemicals; textiles

Industrial production growth rate:
4% (2004 est.)

Electricity - production:
17.55 billion kWh (2002)

Electricity - production by source:
fossil fuel: 89.7%
hydro: 10.3%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
17.37 billion kWh (2002)

Electricity - exports:
505 million kWh (2002)

Electricity - imports:
1.558 billion kWh (2002)

Oil - production:
312,800 bbl/day (2004 est.)

Oil - consumption:
140,000 bbl/day (2001 est.)

Oil - exports:
NA

Oil - imports:
NA

Oil - proved reserves:
589 million bbl (1 January 2002)

Natural gas - production:
5.72 billion cu m (2001 est.)

Natural gas - consumption:
6.72 billion cu m (2001 est.)

Natural gas - exports