MINISTRY OF ECONOMIC Azerbaijan Country Presentation ... · PDF fileAzerbaijan Country Presentation. MINISTRY OF ECONOMIC ... GDP share in the region. I . ... 3,7 3,8 3,8 3,9 4 444

Azerbaijan Country PresentationMINISTRY OF

ECONOMIC DEVELOPMENT

Sahil R.BabayevHead of Department

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


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


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


DEVELOPMENT

InvestmentsMINISTRY OF


*1995-2010

Poverty reductionMINISTRY OF


Poverty reduction dynamics

Foreign TradeMINISTRY OF


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


Country RatingsMINISTRY OF


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


Abundant resourcesAbundant resources

WellWell--developed developed infrastructureinfrastructure

Good climate and Good climate and welcoming culturewelcoming culture

POLITICAL & FINANCIAL STABILITYPOLITICAL & FINANCIAL STABILITY

Abundant resourcesMINISTRY OF


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


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


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


Agriculture/ food industry

Alternative energy

TourismConstruction

Where to invest in Azerbaijan?MINISTRY OF


Chemical industry ICT

Transportation and logistics

Light industry

A glimpse of AzerbaijanMINISTRY OF


A glimpse of AzerbaijanMINISTRY OF


MINISTRY OF ECONOMIC Azerbaijan Country Presentation ... · PDF fileAzerbaijan Country Presentation. MINISTRY OF ECONOMIC ... GDP share in the region. I . ... 3,7 3,8 3,8 3,9 4 444

Documents