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Map of Azerbaijan  (kish Trade Promotion Center)Persian  /  English

 

 

 

 

 

Country name:

nventional long form: Republic of Azerbaijan
conventional short form: Azerbaijan
local long form: Azarbaycan Respublikasi
local short form: none
former: Azerbaijan Soviet Socialist Republic

 

Capital:

Baku (Baki, Baky)
 

Area:
total: 86,600 sq km
land: 82,629 sq km
water: 3,971 sq km

 

Description:
conventional long form: Republic of Azerbaijan conventional short form: Azerbaijan local long form: Azarbaycan Respublikasi local short form: Azarbaycan former: Azerbaijan Soviet Socialist Republic

 

Location:

Southwestern Asia, bordering the Caspian Sea, between Iran and Russia, with a small European portion north of the Caucasus range

 

Languages:

Azerbaijani (Azeri) 90.3%, Lezgi 2.2%, Russian 1.8%, Armenian 1.5%, other 3.3%, unspecified 1% (1999 census)

 

 

Climate:
dry, semiarid steppe www.azhydromet.com
 

Population :

8,238,672 (July 2009 est.)

0-14 years: 23.9% (male 1,042,132/female 926,495)

15-64 years: 69.4% (male 2,807,717/female 2,908,221)

65 years and over: 6.7% (male 204,410/female 349,697) (2009 est.)

Economy - overview:

Azerbaijan is an economy in transition in which the state continues to play a dominant role. It has important oil reserves and a significant agronomic potential based on a wide variety of climatic zones. During the late 1990s, in cooperation with the International Monetary Fund (IMF), Azerbaijan pursued a successful economic stabilization program, with annual growth exceeding 10% since 2000. In 2007 Azerbaijan's gross domestic product increased by 24.7%, with growth in 2008 estimated at 18.6%. Increases in oil production have largely driven this rapid growth as the oil sector accounted for 52.8% of GDP in 2007 and more than 50% again in 2008. Output expansion has been largely driven by oil-sector foreign direct investment (FDI) and related spillover effects in the construction and transportation sectors, although there have also been substantial gains in agriculture. Inflation officially reached nearly 17% in 2007 and was likely to exceed 20% for 2008, according to official government statistics. Inflation remains a major risk that could accelerate in the context of further increases in fiscal spending, high oil prices, and an inflexible exchange rate, although factors attributable to the global financial crisis may mitigate some of the inflationary trend. Importantly, the higher inflation also reflects customs restrictions that are in place due to supply constraints that limit import competition and monopolies that continue to control many sectors of the economy. The national currency, the manat, is artificially stable and was allowed to appreciate against the dollar by 6.1% in 2005, 5.4% in 2006, and 3.4% in 2007. The IMF has warned that significantly more appreciation (roughly 10%) will be necessary to prevent inflation from increasing.

 

http://traveldocumentsystems.com/az/economy.htm

 

Economy:

Azerbaijan is an economy in transition in which the state continues to play a dominant role. It has important oil reserves and a significant agronomic potential based on a wide variety of climatic zones. During the late 1990s, in cooperation with the International Monetary Fund (IMF), Azerbaijan pursued a successful economic stabilization program, with annual growth exceeding 10% since 2000. In 2007 Azerbaijan's gross domestic product increased by 24.7%, with growth in 2008 estimated at 18.6%. Increases in oil production have largely driven this rapid growth as the oil sector accounted for 52.8% of GDP in 2007 and more than 50% again in 2008. Output expansion has been largely driven by oil-sector foreign direct investment (FDI) and related spillover effects in the construction and transportation sectors, although there have also been substantial gains in agriculture. Inflation officially reached nearly 17% in 2007 and was likely to exceed 20% for 2008, according to official government statistics. Inflation remains a major risk that could accelerate in the context of further increases in fiscal spending, high oil prices, and an inflexible exchange rate, although factors attributable to the global financial crisis may mitigate some of the inflationary trend. Importantly, the higher inflation also reflects customs restrictions that are in place due to supply constraints that limit import competition and monopolies that continue to control many sectors of the economy. The national currency, the manat, is artificially stable and was allowed to appreciate against the dollar by 6.1% in 2005, 5.4% in 2006, and 3.4% in 2007. The IMF has warned that significantly more appreciation (roughly 10%) will be necessary to prevent inflation from increasing.

 

Industries:

petroleum and natural gas, petroleum products, oilfield equipment; steel, iron ore; cement; chemicals and petrochemicals; textiles

 

Exports - commodities:

oil and gas 90%, machinery, cotton, foodstuffs
$30.59 billion (2008 est.)
Exports - partners:
Italy 24.9%, US 17.6%, Germany 10.8%, France 10.1%, Czech Republic 6.2%, Canada 4.9% (2008)
 

 

Imports - commodities:

machinery and equipment, oil products, foodstuffs, metals, chemicals
$7.575 billion (2008 est.)
Imports - partners:
Russia 18.9%, Turkey 18.2%, Germany 8.5%, China 6.3%, UK 6.2%, Ukraine 5.3%, Italy 4.5% (2008)

 

Exchange rates:

Azerbaijani manats (AZN) per US dollar - 0.8219 (2008 est.), 0.8581 (2007), 0.8934 (2006), 4,727.1 (2005), 4,913.48 (2004) note: on 1 January 2006 Azerbaijan revalued its currency, with 5,000 old manats equal to 1 new manat

 

GDP :
$77.61 billion (2008 est.)
 

 

Useful links:

 

  • Ministries & Organization

 

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  Copyright By :  Kish Trade Promotion Center  2002