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Area
86.6 sq km -
Population
10,156,400 -
Avarage salary
487 USD -
Main ecenomical activities
industry, tourism, agriculture
Reasons to invest in Azerbaijan
FDI in Azerbaijan
Large hydrocarbon reserves of Azerbaijan have always been attractive for foreign investment. This can be observed from the participation of oil-gas sector in total FDI inflows (71%). One of the top priorities of the Azerbaijani Government is to diversify the country’s economy and attract FDI in non-hydrocarbon sectors, such as Agriculture, Logistics, Information/communication technology and Tourism.
Learn moreRobust Economy
The current outlook for the Republic of Azerbaijan’s economy can be described as one of "cautious optimism". After being severely affected by both the COVID-19 containment measures and the decline in global oil prices, economy of Azerbiajan demonstrated a fast recovery.
Learn moreLarge domestic and regional markets
The volume of Azerbaijan's foreign trade turnover amounted to $52.6 billion in 2022, marking a 55% increase from 2021. Export amount in 2022 was almost 2.6 times higher than imports, reaching the highest amount since 2008. Non-hydrocarbon exports rose by 12% with respect to 2021.
Learn moreStrategic Location
Geographically, Azerbaijan is located in the South Caucasus region of Eurasia, connecting Western Asia and Eastern Europe. Trans-Caspian East-West Trade and Transit Corridor is a key route connecting two major global economies, China and Europe (on average 5,400 km length, 15 days transit period). Substantial investments in north–south (from the Russian border to the Iranian border) and east–west (from the Absheron Peninsula to Georgia and then Türkiye) road and rail connectivity have been made, and most projects are either completed or are well on track.
Learn moreFavorable Demographics
The population of Azerbaijan is more than 10.1 million. The population is evenly split between men and women, with both genders comprising 50% of the total. Population of Azerbaijan are mostly concentrated in the cities (Urban population: 52.9%), especially in the capital city, according to the official sources population of Baku is more than 2.3 million.
Learn moreSkilled and cost competitive labor force
As of 2022, 5.2 million people or 51% of the total population of Azerbaijan is economically active. Unemployment rate in the country is quite low and equals only to 5.6%. Major part of population is hired by private sector, however participation of public sector is also quite high - 20.7%. Literacy rate in the country is very high - 99.8%.
Learn moreContinuous reform process
Independent Azerbaijan is experiencing a historic turning point in its economic, social, political, and cultural development. Purposeful socio-economic reforms implemented in the country during this transitional period have ensured a strengthening and modernization of the national economy.
Learn moreLiberal investment climate
Bilateral investment treaties and other treaties on foreign investment provide additional guarantees to foreign investors and are aimed at establishing a more favorable investment climate.
Learn moreFDI in Azerbaijan
Large hydrocarbon reserves of Azerbaijan have always been attractive for foreign investment. This can be observed from the participation of oil-gas sector in total FDI inflows (71%). One of the top priorities of the Azerbaijani Government is to diversify the country’s economy and attract FDI in non-hydrocarbon sectors, such as Agriculture, Logistics, Information/communication technology and Tourism.
Learn moreRobust Economy
The current outlook for the Republic of Azerbaijan’s economy can be described as one of "cautious optimism". After being severely affected by both the COVID-19 containment measures and the decline in global oil prices, economy of Azerbiajan demonstrated a fast recovery.
Learn moreLarge domestic and regional markets
The volume of Azerbaijan's foreign trade turnover amounted to $52.6 billion in 2022, marking a 55% increase from 2021. Export amount in 2022 was almost 2.6 times higher than imports, reaching the highest amount since 2008. Non-hydrocarbon exports rose by 12% with respect to 2021.
Learn moreStrategic Location
Geographically, Azerbaijan is located in the South Caucasus region of Eurasia, connecting Western Asia and Eastern Europe. Trans-Caspian East-West Trade and Transit Corridor is a key route connecting two major global economies, China and Europe (on average 5,400 km length, 15 days transit period). Substantial investments in north–south (from the Russian border to the Iranian border) and east–west (from the Absheron Peninsula to Georgia and then Türkiye) road and rail connectivity have been made, and most projects are either completed or are well on track.
Learn moreFavorable Demographics
The population of Azerbaijan is more than 10.1 million. The population is evenly split between men and women, with both genders comprising 50% of the total. Population of Azerbaijan are mostly concentrated in the cities (Urban population: 52.9%), especially in the capital city, according to the official sources population of Baku is more than 2.3 million.
Learn moreSkilled and cost competitive labor force
As of 2022, 5.2 million people or 51% of the total population of Azerbaijan is economically active. Unemployment rate in the country is quite low and equals only to 5.6%. Major part of population is hired by private sector, however participation of public sector is also quite high - 20.7%. Literacy rate in the country is very high - 99.8%.
Learn moreContinuous reform process
Independent Azerbaijan is experiencing a historic turning point in its economic, social, political, and cultural development. Purposeful socio-economic reforms implemented in the country during this transitional period have ensured a strengthening and modernization of the national economy.
Learn moreLiberal investment climate
Bilateral investment treaties and other treaties on foreign investment provide additional guarantees to foreign investors and are aimed at establishing a more favorable investment climate.
Learn moreAzerbaijan as a logistic center
Location
Transport Routes
Bounded by the Caspian Sea to the east and the Greater Caucasus mountain range to the north, the Republic of Azerbaijan has a total land area of 86,600 square kilometers. Sharing borders with Georgia, Russia, Türkiye, Iran and Armenia, Azerbaijan has long been the geographical center of the region’s oil industry.
Azerbaijan has invested heavily in developing its transport infrastructure over the past decade and has become an emerging transport and logistics hub at the crossroad of Eurasia. The country is strategically located at the intersection of the East-West and North-South transport corridors, and home to the TRACECA program, which aims to create a transport corridor from Europe to Asia through the Caucasus. The Trans-Caspian East-West Corridor, considered to be the shortest linkage between China and Europe, allows for a 70% time-saving in comparison with traditional ocean shipment. The North-South international transport corridor increases cargo and passenger transportation, and theoretically, using both corridors, Azerbaijan can attract an additional trade volume of almost 230 million tons. Azerbaijan plans to become a strategic international logistics hub by 2025, which will require further investment in transport infrastructure, logistics, and trade.
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