Azerbaijan

Population (in mn)

10,2

GDP (in USD bn)

~72.4

GDP growth (%)

1.1%

GDP per capita (PPP, current, in USD K)

23.6

Capital City

Baku

Currency

AZN

Azerbaijan is rich in mineral resources, mainly oil and natural gas, whose production has experienced a remarkable increase in recent years, leading to high economic growth. Azerbaijan is actively working to diversify its economy. The country’s real GDP growth is projected to accelerate gradually in the medium term, driven by increased gas production to meet supply commitments to the EU. Furthermore, growth in the non-oil and gas sectors and enhanced trade along the Trans-Caspian International Transport Route are expected to boost further Azerbaijan’s economic development.

Main Economic Indicators

Please click here to reach the country information pages prepared by the World Bank.

Export – Import

Please click here to reach the trade information prepared by UNCTAD STAT.

Investments

Investment Agency of Azerbaijan - AZPROMO