Azerbaijan - Income
The US Central Intelligence Agency (CIA) reports that in 2002 Azerbaijan's gross domestic product (GDP) was estimated at $27 billion. The per capita GDP was estimated at $3,300. The annual growth rate of GDP was estimated at 6.1%. The average inflation rate in 2002 was 2.6%. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange. It was estimated that agriculture accounted for 20% of GDP, industry 33%, and services 47%.
According to the United Nations, in 2000 remittances from citizens working abroad totaled $57 million or about $7 per capita and accounted for approximately 1.1% of GDP. Worker remittances in 2001 totaled $104.1 million. Foreign aid receipts amounted to about $28 per capita and accounted for approximately 4% of the gross national income (GNI).
Approximately 51% of household consumption was spent on food, 16% on fuel, 9% on health care, and 2% on education. Household consumption includes expenditures of individuals, households, and nongovernmental organizations on goods and services, excluding purchases of dwellings. The richest 10% of the population accounted for approximately 27.8% of household consumption and the poorest 10% approximately 2.8%. It was estimated that in 2002 about 49% of the population had incomes below the poverty line.