Azerbaijan
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 ($)
11,2 10,1
25
10,8 9.3
5
2003 2004 2005 2006 2007 2008 2009 2010
MINISTRY OF
ECONOMIC
DEVELOPMENT
GDP share in the region
I GDP share in the South Caucasus (%)
80
60
50
40
30
20
10
52
50
31
20
52
30
29
19 19
52
52
28
20
50
28
29
21
20
54
60
26
20
66
63
22
18
19
18
productivity
70
17
16
69
17
14
71
16
13
0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Azerbaijan
Georgia
Armenia
MINISTRY OF
ECONOMIC
DEVELOPMENT
Investments
*1995-2010
MINISTRY OF
ECONOMIC
DEVELOPMENT
Poverty reduction
ECONOMIC
DEVELOPMENT
Sahil R.Babayev
Head of Department
Azerbaijan Country Presentation
MINISTRY OF
ECONOMIC
DEVELOPMENT
I Establishment: 28 May 1918
I Independence: 18 October 1991
I Language:
Azerbaijanian
I Area:
86.6 ths. km2
I Population:
9 million
I Capital:
Baku
I Currency:
Manat *
* (0.8 AZN=1 USD)
Basic information
MINISTRY OF
ECONOMIC
DEVELOPMENT
Interesting facts
I 50% of world oil production in XIX century
I 80% of total Soviet oil production during World War II
I First Baku ‘oil boom’
I Nobel’s first Kerosene factory I First Baku-Batumi Pipeline I Nobel’s distribution system
I 1846–first hand-dug oil wells I First rail tank cars
MINISTRY OF
ECONOMIC
DEVELOPMENT
Macroeconomic figures
2010
2010
GDP growth rate
5%
GDP per capita ($)
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