ministry of economic azerbaijan country presentation ... · pdf fileazerbaijan country...
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Basic information
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)
MINISTRY OF ECONOMIC
DEVELOPMENT
Interesting facts
I First Baku ‘oil boom’I Nobel’s first Kerosene
factoryI 1846–first hand-dug oil
wells
I First Baku-Batumi Pipeline I Nobel’s distribution system I First rail tank cars
I 50% of world oil production in XIX centuryI 80% of total Soviet oil production during World War II
MINISTRY OF ECONOMIC
DEVELOPMENT
GDP growth rate 5 %
GDP per capita ($) 5,697
Investments ($) 17.4 bln
FDI ($) 3.3 bln
Inflation 5.7 %
Unemployment rate 6%
Poverty level 9.1%
Average monthly salary ($) 406
2010
5 %
GDP growth
12.3%
17.4 bln $
12.1 bln $
2010
Strategic currency reserves
29 bln $
Non-oil investments
Total investments
Income growth rate of population
Macroeconomic figuresMINISTRY OF ECONOMIC
DEVELOPMENT
Macroeconomic figuresMINISTRY OF
ECONOMIC DEVELOPMENT
I GDP growth rate (%)
I GDP per capita ($)11,2 10,1
26,4
34,5
25
10,8 9.35
2003 2004 2005 2006 2007 2008 2009 2010
prod
uctiv
ity
GDP share in the region
I GDP share in the South Caucasus (%)
0
10
20
30
40
50
60
70
80
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
50 52 52 52 52 5054
60 63 66 69 71
31 30 29 28 28 29 2622 19 17
17 1620 19 19 20 20 21 20 18 18 16 14 13
Azerbaijan Georgia Armenia
MINISTRY OF ECONOMIC
DEVELOPMENT
Foreign TradeMINISTRY OF
ECONOMIC DEVELOPMENT
I More than 40 Free Trade AgreementsI 147 trade partners I GSP, GSP + (Generalized system of preferences)
I Trade turnover 27.9 bln US dollarsI Import 6.5 bln US dollarsI Export 21.4 bln US dollars
2010
2010
Registering Property
Protecting investors
Enforcing contracts
Employing workers
Methodology
The Doing Business projectprovides objective measures of business regulations and their enforcement across 183 economies and selected cities at the subnational and regional level.
Starting a business
Economic reformsMINISTRY OF
ECONOMIC DEVELOPMENT
Country RatingsMINISTRY OF
ECONOMIC DEVELOPMENT
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
Why invest in Azerbaijan?MINISTRY OF
ECONOMIC DEVELOPMENT
Abundant resourcesAbundant resources
WellWell--developed developed infrastructureinfrastructure
Good climate and Good climate and welcoming culturewelcoming culture
POLITICAL & FINANCIAL STABILITYPOLITICAL & FINANCIAL STABILITY
Abundant resourcesMINISTRY OF
ECONOMIC DEVELOPMENT
I Rich mineral and climatic resources
I Ferrous and non-ferrous metals
I Raw construction materials
I 9 out of 11 climatic zones
I Mild winters and hot summers
Well-developed infrastructureMINISTRY OF
ECONOMIC DEVELOPMENT
I Logistical hub for Asia – Europe, Middle East – CISI 2nd largest port in the Caspian Sea
I Developed rail infrastructureI Baku – Tbilisi – Kars railroad
(The Iron Silkway) I Developed airport network
2010
I 406 USDAverage monthly salary
* Source: The State Statistics Committee
Low-cost and skilled labor forceMINISTRY OF
ECONOMIC DEVELOPMENT
3,7 3,8 3,8 3,9 4 4 4 4
4,1 4,1 4,1 4,2 4,2 4,3 4,3 4,5
2003 2004 2005 2006 2007 2008 2009 2010
Employed, mlnLabor force, mln
I Entrepreneurial culture
I High literacy level (99.6%)
I Excellent IT and foreign languages skills
I Human resources development strategy
Where to invest in Azerbaijan?MINISTRY OF
ECONOMIC DEVELOPMENT
Agriculture/ food industry
Alternative energy
TourismConstruction
Where to invest in Azerbaijan?MINISTRY OF
ECONOMIC DEVELOPMENT
Chemical industry ICT
Transportation and logistics
Light industry
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