ts long-term prospects.
Baku has only recently begun making progress on economic reform, and
old economic ties and structures are slowly being replaced. An obstacle
to economic progress, including stepped up foreign investment in the
non-energy sector, 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 - $24.3 billion (2001 est.)

GDP - real growth rate: 9.9% (2001 est.)

GDP - per capita: purchasing power parity - $3,100 (2001 est.)

GDP - composition by sector: agriculture: 22% industry: 33% services:
45% (2000 est.)

Population below poverty line: 64% (2001 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): 1.6% (2001 est.)

Labor force: 2.9 million (1997)

Labor force - by occupation: agriculture and forestry 32%, industry 15%,
services 53% (1997)

Unemployment rate: 20% (official rate is 1.3% for 2001) (1999 est.)

Budget: revenues: $888 million expenditures: $978 million, including
capital expenditures of $NA (2001 est.)

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

Industrial production growth rate: 5.1% (2001 est.)

Electricity - production: 17.6 billion kWh (2000)

Electricity - production by source: fossil fuel: 91.37% hydro: 8.63%
other: 0% (2000) nuclear: 0%

Electricity - consumption: 16.7 billion kWh (2000)

Electricity - exports: 900 million kWh (2000)

Electricity - imports: 1.25 billion kWh (2000)

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

Exports: $2 billion (f.o.b., 2001 est.)

Exports - commodities: oil and gas 90%, machinery, cotton, foodstuffs

Exports - partners: Italy 43.7%, France 11.8%, Israel 7.7%, Turkey 6.0%,
France 5.6% (2000)

Imports: $1.6 billion (f.o.b., 2001)

Imports - commodities: machinery and equipment, foodstuffs, metals,
chemicals

Imports - partners: Russia 21.3%, Turkey