Gross National Product (GNP): $5.27bn

Exchange rates against the US$ over the last year: 4921 manats (4857)

SCORE CARD

World GNP ranking: 111th GNP per capita: $650 Balance of payments: –$768m Inflation: 2.8% Unemployment: 1%

Strengths

Extensive oil and natural gas reserves starting to come on stream. Oil pipeline to Turkey under construction. Iron, copper, lead, and salt deposits. Cotton and silk.

Weaknesses

Antiquated Soviet-era industry. Poor infrastructure; corruption. Fallout from Nagorno Karabakh conflict still drains state resources.

EXPORTS

IMPORTS

From "The Financial Times World Desk Reference" © Dorling Kindersley 2004