Azerbaijan

Topics: Economics, Economic growth, Azerbaijan Pages: 13 (490 words) Published: November 24, 2013
MINISTRY OF
ECONOMIC
DEVELOPMENT

Sahil R.Babayev
Head of Department

Azerbaijan Country Presentation

MINISTRY OF
ECONOMIC
DEVELOPMENT

I Establishment: 28 May 1918
I Independence: 18 October 1991
I Language:

Azerbaijanian

I Area:

86.6 ths. km2

I Population:

9 million

I Capital:

Baku

I Currency:

Manat *

* (0.8 AZN=1 USD)

Basic information

MINISTRY OF
ECONOMIC
DEVELOPMENT

Interesting facts

I 50% of world oil production in XIX century

I 80% of total Soviet oil production during World War II

I First Baku ‘oil boom’

I Nobel’s first Kerosene
factory

I First Baku-Batumi Pipeline I Nobel’s distribution system

I 1846–first hand-dug oil
wells

I First rail tank cars

MINISTRY OF
ECONOMIC
DEVELOPMENT

Macroeconomic figures

2010
2010

GDP growth rate

5%

GDP per capita ($)

GDP growth

5,697

5 %
Income growth rate of population

Investments ($)

17.4 bln

FDI ($)

3.3 bln

Inflation

5.7 %

Unemployment rate

6%

Poverty level

9.1%

Non-oil investments

Average monthly salary ($)

406

12.1 bln $

12.3%
Total investments

17.4 bln $

Strategic currency reserves

29 bln $

MINISTRY OF
ECONOMIC
DEVELOPMENT

Macroeconomic figures
34,5
26,4

I GDP growth rate (%)
I GDP per capita ($)

11,2 10,1

25
10,8 9.3

5

2003 2004 2005 2006 2007 2008 2009 2010

MINISTRY OF
ECONOMIC
DEVELOPMENT

GDP share in the region

I GDP share in the South Caucasus (%)
80
60
50
40
30
20
10

52

50
31
20

52

30

29
19 19

52

52

28
20

50
28

29
21
20

54

60

26
20

66

63

22
18

19
18

productivity

70

17
16

69

17
14

71

16
13

0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Azerbaijan
Georgia
Armenia

MINISTRY OF
ECONOMIC
DEVELOPMENT

Investments

*1995-2010

MINISTRY OF
ECONOMIC
DEVELOPMENT

Poverty reduction

Poverty reduction dynamics

MINISTRY OF
ECONOMIC
DEVELOPMENT

2010

Foreign Trade
I Trade turnover
I Import
I Export

27.9 bln US dollars
6.5 bln US dollars
21.4 bln US dollars
2010

I More than 40 Free Trade Agreements
I 147 trade partners
I GSP, GSP + (Generalized system of preferences)

MINISTRY OF
ECONOMIC
DEVELOPMENT

Economic reforms

Methodology
Starting a business

Employing workers

Registering Property

Protecting investors

Enforcing contracts

The Doing Business project
provides objective measures of business regulations and
their enforcement across 183 economies and selected
cities at the subnational and regional level.

MINISTRY OF
ECONOMIC
DEVELOPMENT

Country Ratings

I Long term credit rating: ‘BBB –’
(Investment Grade*)

I Short-term credit rating: ‘F3’
I UNDP Human Development Report – 69th

I WEF Global Competitiveness Report 2010-

2011
57th in the world and 1st among CIS
countries

MINISTRY OF
ECONOMIC
DEVELOPMENT

Why invest in Azerbaijan?

POLITICAL & FINANCIAL STABILITY

Good climate and
welcoming culture

Well-developed
infrastructure

Abundant resources

MINISTRY OF
ECONOMIC
DEVELOPMENT

Abundant resources

I 9 out of 11 climatic zones
I Mild winters and hot summers

I Rich mineral and climatic resources
I Ferrous and non-ferrous metals
I Raw construction materials

MINISTRY OF
ECONOMIC
DEVELOPMENT

Well-developed infrastructure

I Logistical hub for Asia – Europe, Middle East – CIS
I 2nd largest port in the Caspian Sea

I Developed rail infrastructure
I Baku – Tbilisi – Kars railroad
I

(The Iron Silkway)
Developed airport network

MINISTRY OF
ECONOMIC
DEVELOPMENT

2010

I 406 USD
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