global financial crisis and its effects to azerbaijan
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Presentation on Global Crisis effecting Azerbaijan's economyTRANSCRIPT
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2008 FINANCIAL CRISIS AND ITS EFFECTS TO AZERBAIJAN
INTERNATIONAL ECONOMICS
RASHIDLI MAMMAD
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CONTENTS ABOUT AZERBAIJAN
INTRODUCTION TO CRISIS
AZERBAIJAN AT THE TIME OF CRISIS
IMPACT ON NATIONAL ECONOMY
POST CRISIS PERIOD
SUMMARY
REFERENCES
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ABOUT AZERBAIJAN
Capital: Baku
Area: 86,600 km²
Population: 9,686,210 (2014)
Currency: Manat
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GDP (PPP): $100.4 billion - 2013
GDP per capita: $10 800- 2013
Industries: petroleum, gas, steel, iron ore, cement
Budget: Revenue: $27.61 billion Expenditure: $27.24 billion
Inflation rate: 2.4% (2013)
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Oil and gas pipelines from Azerbaijan
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Import partners
Export partners
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INTRODUCTION TO CRISIS
Worst financial crisis
Huge impact on sectors
Reasons of crisis
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AZERBAIJAN AT THE TIME OF CRISIS
GDP (PPP): $77.61 billion - 2008
GDP per capita: $9000- 2008
Unemployment rate: 3% - 2008; 6% - 2009
Inflation rate: 20.8% - 2008
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Foreign direct investment (2008)
OUTFLOWS% of GDP – 9.27
BoP, current US$
- $540,824,00
0.00
INFLOWS% of GDP –
8.16
BoP, current US$ -
$3,986,807,000
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IMPACT ON NATIONAL ECONOMY
Oil and gas industry
Real Estate
Currency and Remittances
Banks
Future projects
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IMPACT ON NATIONAL ECONOMY
Oil and gas industry
Real Estate
Currency and Remittances
Banks
Future projects
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IMPACT ON NATIONAL ECONOMY
Oil and gas industry
Real Estate
Currency and Remittances
Banks
Future projects
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IMPACT ON NATIONAL ECONOMY
Oil and gas industry
Real Estate
Currency and Remittances
Banks
Future projects
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Government loans
Banks going bankrupt
Some banks survived
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IMPACT ON NATIONAL ECONOMY
Oil and gas industry
Real Estate
Currency and Remittances
Banks
Future projects
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POST CRISIS PERIOD
Overcoming the crisis
Statistics
Current situation
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Control over consumer market
Scheduling and observing economic principles of State Investment Program
Increasing loans to businessmen
Support for agriculture
Budget control
ANTI CRISIS PROGRAM
STRENGHTENING
Lowering the tax
New monetary policy
Maintaining value of national currency
Creating new jobs
NEW MEASURES
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POST CRISIS PERIOD
Overcoming the crisis
Statistics
Current situation
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GDP (PPP): $100.4 billion – 2013
GDP per capita: $10 800- 2013
Unemployment rate: 5% - 2013
Inflation rate: 2.4% (2013)
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Foreign direct investment (2011)
OUTFLOWS% of GDP – 5.60
BoP, current US$
- ($932,582,00
0.00)
INFLOWS% of GDP – 7.7
BoP, current US$ -
$4,485,120,000
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POST CRISIS PERIOD
Overcoming the crisis
Statistics
Current situation
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SUMMARY
Impact on industries
Overcoming crisis
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REFERENCEShttp://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%9308http://www.iset.ge/files/mammadov__ismayilov__bayramov.pdfhttp://www.unc.edu/home/pconway/dload/Bayramov_Conway_Azerbaija
n.pdfhttp://www.eurasianet.org/departments/insightb/articles/eav120108a.sht
mlhttps://www.cia.gov/library/publications/the-world-factbook/geos/aj.htmlhttp://
www.case-research.eu/sites/default/files/publications/29187964_E-Brief_ChubrikWalewski_6_2010_0.pdf
http://rt.com/business/nabucco-gas-azerbaijan-greece-311/http://www.ca-c.org/c-g/2009/journal_eng/c-g-1/07.shtmlhttp://en.wikipedia.org/wiki/Nabucco_pipelinehttp://www.indexmundi.com/facts/azerbaijan/foreign-direct-investmenthttp://cyberleninka.ru/article/n/azerbaijan-and-the-world-fi
nancial-crisis