Azerbaijan Economy

The Azerbaijani economy with a population of 9.49 M (est 2014) ranks 71st in the world. It has a GDP PPP of $102.8 Billion and GDP PPP per capita of $11,044 vs. $53,101 (United States) according to the IMF in 2013. The national currency is the Azerbaijani manat (AZN) that is issued by Central Bank of Azerbaijan (www.nba.az). Local banks in the country offer fixed-term deposits including multi currency deposits denominated US dollars or Euro. Inflation in the country was estimated to be 2.4% in 2013 and 1.1% in 2012 by the CIA.gov website.