Eurasian Integration Yearbook 2012

Elvira Kurmanalieva, Konstantin Fedorov.“CIS countries: primary macroeconomic indicators”2011: Data and Reviewspessimistic scenario assumes further deterioration in the economic situationin the Eurozone and a further slowdown of the global economy, affecting oilprices that would presumably fall to $90 per barrel on average in 2012 and2013. This would slow the CIS economies’ growth to 3.2% in 2012 and to3.9% in 2013.2008 2009 2010 2011GDP growth (% yoy) 10.8 9.3 5.0 0.1GDP per capita ($) 5,213 4,798 5,713 6,125CPI growth (% yoy) 20.8 1.8 7.8 5.5State budget balance (% of GDP) 20.3 6.8 13.6 9.8Current account balance (% of GDP) 35.5 23.0 29.0 22.6Azerbaijan:Primary indicators(statistics andestimates by nationalagencies and theIMF)a) Economic growth: GDP growth and forecastsby national and international institutions (%)20151050-5-10-15-20b) Savings and investments (% of GDP): balance of private investmentand savings (Sp-Ip), state budget (Sg-Ig), current account (X-M)100-10-20Figure 14.8.Armenia:Economic situationSource: nationalagencies, estimatesby the ADB, theWorld Bank, theEBRD, the IMF andthe CIS StatisticsCommittee20052006200720082009201020112012201320002001200220032004200520062007200820092010201120122013Sp-Ip (current account of private sector) Sg-Ig (state budget) X-M (current account)Eurasian Development Bank301