Azerbaijan vs Italy: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while Azerbaijan ranked 88th with $46.9B. By GDP 5-years average growth and GDP per capita, Italy and Azerbaijan ranked 154th vs 164th and 29th vs 110th, respectively.

Gross Domestic Product & Income

Stat	Azerbaijan	Italy
GDP	$46.9B	$2.1T
GDP growth, 1 year	1.4%	0.9%
GDP growth, 5-years average	0.4%	0.9%
Population	10M	60.3M
GDP per capita	$4.7k	$34k
GDP per capita growth	0.51%	0.95%
Purchasing Power Parity conversion factor	0.44	0.7
Price level ratio of PPP conversion factor GDP to market exchange rate	0.26	0.82
GDP per capita, PPP adjusted	$18k	$40k
GNI, Atlas method	$40.3B	$2T
GNI per capita	$4.1k	$34k
GNI, PPP adjusted	$170B	$2.6T
GNI per capita, PPP adjusted	$17k	$42k

Financial system and Human development

Stat	Azerbaijan	Italy
Income Tax Rate	25%	43%
Corporate Tax Rate	20%	27.5%
Inflation, consumer prices	2.3%	1.2%
Inflation, GDP deflator	11.9%	0.9%
Unemployment	5.2%	10.2%
Economic Freedom Index	69.3	63.8
Personal Freedom Index	6.73	8.79
Human Freedom Index	6.44	8.01
Property Rights Index	67.1	75.4
Judical Effectiveness Index	53.9	51.3
Business Freedom Index	80.8	70.4
Fiscal Health Index	99.2	71.1
Labor Freedom Index	66.2	50.9
Investment Freedom Index	70	80
Financial Freedom Index	60	50
Trade Freedom Index	74.6	86.4
Monetary Freedom Index	69.8	83.2
Government Spending Index	63	28.5
Tax Burden Index	88	56
Government Integrity Index	38.7	62.2
Corruption Perceptions Index	25	52
Life expectancy at birth, years	72.7	83.2
Suicide mortality rate, per 100,000 people	2.6	8.2
Mortality caused by road traffic injury, per 100,000 people	8.7	5.6
Intentional homicides, per 100,000 people	2	0.7
International tourism, number of arrivals	2.6M	61.6M

Government debt & reserves

Stat	Azerbaijan	Italy
Central government debt, % of GDP	19.4%	132.1%
External debt stocks, % of GNI	36.4%	N/A
External debt stocks	$16.2B	N/A
Short-term debt, % of total reserves	8.5%	N/A
Total debt service, % of exports and primary income	10.5%	N/A
Adjusted net savings including particulate emission damage, % of GNI	9.5%	6%
Gross savings, % of GDP	33%	20.8%
Gross capital formation, % of GDP	20.1%	18.2%
Total reserves including gold	$6.7B	$152.4B
Foreign direct investment net inflows	$1.4B	$39.6B

Exports, imports and economic structure

Stat	Azerbaijan	Italy
Exports of goods and services, % of GDP	54.3%	31.5%
Imports of goods and services, % of GDP	37.7%	29%
Current account balance (balance of payments)	$6.1B	$53.8B
Revenue excluding grants, % of GDP	35.1%	37.7%
Grants excluding technical cooperation, BoP	$45.7M	N/A
Personal remittances received	$1.2B	$9.9B
Industry including construction value added, % of GDP	52.2%	21.4%
Agriculture, forestry and fishing value added, % of GDP	5.3%	1.9%
Charges for the use of intellectual property, payments BoP	$28.2M	$5.1B
Charges for the use of intellectual property, receipts BoP	$28k	$4.9B
Expense, % of GDP	28%	41.3%
Government Expenditure, % of GDP	35.1%	48.8%