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1. Prepared by: Asad Asadov
Economy of Azerbaijan

2. INTRODUCTION
Azerbaijan is a country of unique
nature, unmatched culture,
centuries of history with its
customs and traditions
Azerbaijan is situated at the
eastern side of the
Transcaucasia (or South
Caucasus) on the shores of the
Caspian Sea.

3. GEOGRAPHIC FEATURES OF AZERBAIJAN
Azerbaijan is situated in
the Caucasus region of Eurasia
Azerbaijan is nearly surrounded by
mountains.
The Greater Caucasus range, with
the country’s highest elevations,
lies in the north along the border
with Russia and run southeast to
the Abseron Peninsula on
the Caspian Sea

4. ABOUT AZERBAIJAN
 Capital: Baku
 Currency: Manat (AZN)
 Trade organizations: (Partners)
1. The Russian Federation
2. Moldova
3. Ukraine
4. Turkmenistan
5. Uzbekistan
6. Georgia
7. Kazakhstan and Tajikistan

5. HISTORY OF THE AZERBAIJAN ECONOMY
Modern era
• Through the Soviet period, Azerbaijan had
always been more developed industrially
than Armenia and Georgia, two neighboring
Transcaucasia countries
• - but also less diversified, as a result of slow
investment in non-oil sector.
Republic era
• In 2010, Azerbaijan entered into the top
eight biggest oil suppliers to EU countries
with €9.46 billion. In 2011, the amount of
foreign investments in Azerbaijan was $20
billion, a 61% increase from 2010.

6. MAIN INDUSTRIES OF AZERBAIJAN
The industry is one of the most
developed areas in Azerbaijan. It
covers
1. fuel and energy
2. chemistry
3. mechanical engineering
4. food industry
5. light industry and other areas.
The industrial development began in
mid-1950s

7. STATISTICS ON "AZERBAIJAN"
Population, million 9.8
GDP, current US$
billion 40.7
GDP per capita,
current US$ 4,184
Life Expectancy at
Birth, years (2017) 71.8

8.  Tourism an important part of the economy of
Azerbaijan.
 Azerbaijan has also becoming a popular
destination for religious, spa and health care
tourism.
 During winter, the ski resorts such as Shahdag
Winter Complex are popular with foreign
visitors.
Historical monuments
 Ateshgah of Baku
 Gobustan Rock Art Cultural Landscape
 Palace of Shaki Khans
 Flame Towers
 Khinalig Lahij
TOURISM

9. AGRICULTURE IN AZERBAIJAN
One of main goals for Azerbaijan today is to
remove dependence of economy on oil sector.
The primary crops produced in Azerbaijan:
1. cash
2. crops
3. grapes
4. cotton
5. tobacco
6. citrus fruits

10. AZERBAIJAN TODAY