FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT JUNE 2012
BAKU STOCK EXCHANGE
CAPITAL MARKET DEVELOPMENT AND ECONOMIC OUTLOOK
REAL GROWTH RATE COMPARED TO THE
SAME PERIOD OF LAST YEAR, %
Oil sector
25
3.4
3.8
1.1
4.2
4.9
2.1
ANNUAL INFLATION, %
2009
2010
-9.3
-7.4
-5.4
-4.1
Apr
-4.3
-10 -6.8
-15
2.3
2.3
-5
9.4
8.2
7.2
6.2
-2.1
2.8
5.6
5.4
5
5.0
4.6
10
0
16.1
13.6
20
15
In comparison with the last year, in 2011 a
9.3% decrease was recorded in the oil and gas
sector. This sector’s share in GDP was 51.7%
against 49.7% in 2010.
Non oil sector
30
In 2011, the economy of the Republic of
Azerbaijan continued to develop. So, the real
growth rate of the country’s GDP was to 0.1%
totaling AZN 50.1 billion (63.4 billion US$) with
current prices for 2011. The volume of GDP was
AZN 5530.6 (7003.4 US$) per capita.
2011
19
During the reporting period the non-oil sector
totally performed a 9.4% growth (7.9% in 2010)
in real terms. Thus, the communications field
increased by 11.8%, the construction field –
20%, agriculture – 5.8%, and trade – 10.2%. 15
The investments worth of AZN 12776.4
mln. were directed to the fixed capital from
all financing sources. 80.3% of the total
investments fall at domestic investments and
19.7% at foreign investments. -1
11
11.8
7
3
8.4
8.3
1.8
8.6
3.7
9.3
8.9
8.7 8.4
6.1 6.1
7.7
7.6
7.8
5.8
4.6
6.1
5.1
6.8
6.9
5.7 6.3 -0.7 -1.2 -1.6
Aug Sep Oct
1.3
-1.2
-5
Jan
Feb
Mar
Apr
May
-1.9
Jun
-0.8
Jul
7.3 7.8
6.1 5.6
0.4 0.7
Nov Dec
In 2011 the average of annual exchange rate of
Azerbaijani manat against 1 US dollar was
0.7897 AZN.
In 2011 the capital market of Azerbaijan
continued its development in the background
of high-speed growth of the non-oil sector and
anti-inflation monetary policy. These factors
positively influenced the volume and number of
the primary and secondary market transactions
as well as the yield of securities traded on
the market. As a result, thoughout the year
all segments of the market demonstrated a
growing activity and the overall capital market
volume made approximately 15% of the
country’s GDP. Generally, in 2011 the volume of
the transactions in the securities market grew by
3.8 times reaching 8862 mln. manats
Key Information Contacts
National Bank www.cbar.az
State Committee for Securities www.scs.gov.az
Ministry of Finance www.maliyye.gov.az
National Depository Center www.mdm.az
Ministry of Economic Development www.economy.gov.az
PAGE 32
(11221 mln. US$). The most momentous event
of the last year was adoption of the State
Program for the Development of the Securities
Market in the Republic of Azerbaijan in 2011-
2020.
Source: Ministry of Economic Development of Azerbaijan
Republic, State Committee for Securities of Azerbaijan Republic