ommand to a
market economy, but its considerable energy resources brighten its
prospects somewhat. Old economic ties and structures have yet to be
replaced. A particularly galling constraint on economic revival is the
Nagorno-Karabakh conflict, said to consume 25% of Azerbaijan's
economic resources.
National product:
GDP - purchasing power equivalent - $15.5 billion (1993 estimate from
the UN International Comparison Program, as extended to 1991 and
published in the World Bank's World Development Report 1993; and as
extrapolated to 1993 using official Azerbaijani statistics, which are
very uncertain because of major economic changes since 1990)
National product real growth rate:
-13.3% (1993 est.)
National product per capita:
$2,040 (1993 est.)
Inflation rate (consumer prices):
20% per month (average 1993); above 50% per month (February 1994)
Unemployment rate:
0.7% includes officially registered unemployed; also large numbers of
underemployed workers (December 1993)
Budget:
revenues:
$NA
expenditures:
$NA, including capital expenditures of $NA
Exports:
$355 million to outside the FSU countries (f.o.b., 1993)
commodities:
oil and gas, chemicals, oilfield equipment, textiles, cotton (1991)
partners:
mostly CIS and European countries
Imports:
$240 million from outside the FSU countries (c.i.f., 1993)
commodities:
machinery and parts, consumer durables, foodstuffs, textiles (1991)
partners:
European countries
External debt:
$NA
Industrial production:
growth rate -7% (1993)
Electricity:
capacity:
6,025,000 kW
production:
22,300 kWh
consumption per capita:
2,990 kWh (1992)
Industries:
petroleum and natural gas, petroleum products, oilfield equipment;
steel, iron ore, cement; chemicals and petrochemicals; textiles
iculture:
cotton, grain, rice, grapes, fruit, vegetables, tea, tobacco; cattle,
pigs, sheep and goats
Illicit drugs:
illicit cultivator of cannabis and opium poppy; mostly for CIS
consumption; limited government eradication program; transshipment
point for illicit drugs to Western Europe
Economic aid:
recipient:
wheat from Turkey
Currency:
1 manat = 100 gopik
Exchange rates:
NA
Fiscal year:
calendar year

@Azerbaijan, Communications

Railroads:
2,090 km; does not include industrial lines (1990)
Highways:
total:
36,700 km
paved or graveled:
31,800 km
unpaved:
earth 4,900 km (1990)
Pipeli