Markets Actual Q1/23 Q2/23 Q3/23 Q4/23
Currency 1.70 1.7 1.7 1.7 1.7

Overview Actual Q1/23 Q2/23 Q3/23 Q4/23
GDP Annual Growth Rate (%) 5.70 4 2.7 3.1 2.7
Unemployment Rate (%) 6.00 5.6
Inflation Rate (%) 13.90 13.1 10.7 8 6.9
Interest Rate (%) 8.50 8.5 8.75 8.75 8.75
Current Account (USD Million) 7379.80 1800 1500 4200
Current Account to GDP (% of GDP) 15.20 20
Government Debt to GDP (% of GDP) 18.20 22
Government Budget (% of GDP) -1.00 -2.4
Corporate Tax Rate (%) 20.00 20
Personal Income Tax Rate (%) 25.00 25

GDP Actual Q1/23 Q2/23 Q3/23 Q4/23
GDP Annual Growth Rate (%) 5.70 4 2.7 3.1 2.7
GDP (USD Billion) 54.62 52
GDP Constant Prices (AZN Million) 9118.50 6213 7132 9401 9365
Gross Fixed Capital Formation (AZN Million) 3662.00 2411 3765 3776 3761
Full Year GDP Growth (%) 4.60 2.3
Gross National Product (AZN Million) 90923.00 93378
GDP from Agriculture (AZN Million) 796.70 200 569 821 818
GDP from Construction (AZN Million) 785.50 268 470 810 807
GDP from Manufacturing (AZN Million) 506.80 453 372 523 520
GDP from Mining (AZN Million ) 3198.80 2313 2383 3298 3285
GDP from Public Administration (AZN Million) 188.50 179 154 194 194
GDP from Services (AZN Million ) 678.90 616 649 700 697
GDP from Transport (AZN Million) 1474.90 1066 1419 1521 1515
GDP from Utilities (AZN Million) 38.10 39.1 37.07 39.28 39.13

Labour Actual Q1/23 Q2/23 Q3/23 Q4/23
Unemployment Rate (%) 6.00 5.6
Employed Persons (Thousand ) 4988.20 4860
Unemployed Persons (Thousand ) 315.70 260
Population (Million) 10.16 10.3
Retirement Age Women (Years) 63.00 63.5

Prices Actual Q1/23 Q2/23 Q3/23 Q4/23
Inflation Rate (%) 13.90 13.1 10.7 8 6.9
Producer Price Inflation MoM (% ) -7.90 5 5 5
Producer Prices Change (%) 84.30 70 60 56 40
Food Inflation (%) 19.50 18 16 13.6 12
GDP Deflator (points) 145.40 166 162 157 155
Consumer Price Index CPI (points) 208.60 214 213 218 223

Money Actual Q1/23 Q2/23 Q3/23 Q4/23
Interest Rate (%) 8.50 8.5 8.75 8.75 8.75
Money Supply M2 (AZN Million) 29565.60 25000 25900 26000
Deposit Interest Rate (%) 8.71 8.96
Foreign Exchange Reserves (USD Million) 7667.30 7290 7300 7800

Trade Actual Q1/23 Q2/23 Q3/23 Q4/23
Current Account (USD Million) 7379.80 1800 1500 4200
Current Account to GDP (% of GDP) 15.20 20
Imports (USD Thousand) 3655101.00 5000000 5000000 5000000
Exports (USD Thousand) 11810775.00 12500000 12500000 12500000
Crude Oil Production (BBL/D/1K) 660.75 690 720 735 750
Foreign Direct Investment (USD Million) 1406.00 1000 1000 1000

Government Actual Q1/23 Q2/23 Q3/23 Q4/23
Government Debt to GDP (% of GDP) 18.20 22
Government Budget (% of GDP) -1.00 -2.4
Government Budget Value (AZN Million) 1347.70 900 1500 950
Government Spending (AZN Million) 3339.70 3216 3832 3443 3430
Government Spending to GDP (% of GDP) 29.50 32
Military Expenditure (USD Million) 2703.20 2500

Taxes Actual Q1/23 Q2/23 Q3/23 Q4/23
Corporate Tax Rate (%) 20.00 20
Personal Income Tax Rate (%) 25.00 25
Sales Tax Rate (%) 18.00 18
Social Security Rate (%) 25.00 25
Social Security Rate For Companies (%) 22.00 22
Social Security Rate For Employees (%) 3.00 3

Business Actual Q1/23 Q2/23 Q3/23 Q4/23
Car Registrations (Units) 1349307.00 1300000
Changes in Inventories (AZN Million) -779.00 800 500 600
Manufacturing Production (%) 19.80 3.5

Consumer Actual Q1/23 Q2/23 Q3/23 Q4/23
Retail Sales YoY (%) 3.00 3.5 3.5 2.5
Gasoline Prices (USD/Liter) 0.59 0.61 0.64 0.66 0.69
Disposable Personal Income (AZN Million) 57181.50 58725
Consumer Spending (AZN Million) 15259.00 13714 14289 15732 15671