Economy of Azerbaijan - Wikipedia
The economy of Azerbaijan is highly dependent on oil and gas exports, in particular since the completion of the Baku-Tbilisi-Ceyhan Pipeline. The transition to oil production in the late 1990s led to rapid economic growth over the period 1995–2014.
Azerbaijan Overview: Development news, research, data | World Bank
Apr 5, 2017 · Azerbaijan's economic growth reduced poverty significantly over two decades. Despite COVID-19 and Russia's invasion of Ukraine, poverty levels appear to have leveled off. Energy prices sustained fiscal surpluses. Medium-term growth is projected at 2.5%. Hosting COP29 in November 2024 could enhance climate efforts.
Azerbaijan Economy: GDP, Inflation, CPI & Interest Rates
Want to get insight on the economic outlook for Azerbaijan in the coming years? FocusEconomics collects projections out to 2034 on 46 economic indicators for Azerbaijan from a panel of 14 analysts at the leading national, regional and global forecast institutions.
Analyzing Azerbaijan's GDP growth in 2024 - Azernews.Az
Jun 17, 2024 · Azerbaijan's economy has shown remarkable resilience and growth in the first five months of 2024, with a notable surge in its Gross Domestic Product (GDP). From January to May, the GDP soared by 4.2%, reaching an impressive 48,026.0 million manats.
Azerbaijan’s economic development and GDP trends [ANALYSIS]
Aug 14, 2024 · Azerbaijan has emerged as a leading example of economic advancement, owing to its strategic and purposeful policies. The country's efforts towards economic diversification are proving effective, and the trajectory of its economic development remains firmly positive.
Azerbaijan - Market Overview - International Trade Administration
Nov 21, 2023 · Azerbaijan’s economy is anchored in oil and gas production, which accounted for roughly 47.8% of the country’s GDP and over 92.5 % of export revenue in 2022. The Southern Gas Corridor (SGC) pipeline delivered 11.4 bcm of Azeri gas to Türkiye and onwards to European markets in 2022.
The World Bank in Azerbaijan
Azerbaijan’s rapid economic growth over the past two decades was accompanied by a significant fall in poverty rate. The rise in poverty due to the COVID-19 pandemic and the impact of Russia’s invasion of Ukraine appears to have leveled off.
Azerbaijan - statistics & facts | Statista
Sep 3, 2024 · Leveraging the Caspian Sea's resources, the economy of Azerbaijan is dependent on energy exports. The country's government aims to achieve future growth by improving infrastructure and...
Azerbaijan | Economy Profile | Prosperity Data360
Data ranges from -23.1 to 34.5. Data Source: World Development Indicators | Download Dataset. For Regional and Income Group breakdowns, visit: World Bank Country and Lending Groups. Explore Azerbaijan economic data on Prosperity Data360.
Azerbaijan | Economic Indicators - Moody's Analytics
Economic Indicators for Azerbaijan including actual values, historical data, and latest data updates for the Azerbaijan economy.