• Azerbaijan

    Azerbaijan

    DEVELOPMENT CHALLENGES 

    Azerbaijan has emerged as a relatively stable country following independence in 1991. Strong and consistent GDP growth since 1996, peaking at 30.5% in 2006, was propelled by oil and natural gas production, large investments in infrastructure, and new laws regulating the business environment. This impressive performance has enabled Azerbaijan to graduate from “lower-middle” to “upper-middle” income status very recently: the country’s GNI per capita increased from US$2,710 in 2008 to US$5,080 in 2010. Azerbaijan also has a “high” Human Development Index (HDI) of 0.700 and is ranked 91st of 187 countries. Nevertheless, GDP growth has slowed since the onset of the financial crisis, decreasing to 5% per annum in 2010, and development challenges are still present in the country.

    • Poverty and inequality
    • High unemployment and labour migration
    • Skills gap
    • Unresolved conflict
    • Underdeveloped public administration system

    KEY TRADE ISSUES 

    • Overreliance on energy resources, weak competitiveness and low productive capacity
    • Market concentration and WTO accession
    • Underdeveloped physical infrastructure
    • Underdeveloped institutional and quality management infrastructure
    • Limited access to finance
    • Burdensome regulatory and business environment

    GOVERNMENT PRIORITIES 

    Azerbaijan’s main development document, the State Programme for Poverty Reduction and Sustainable Development, identifies nine strategic development goals for the period 2008-2015, aimed at achieving sustainable economic development and poverty reduction.

    These goals are to:

    • Ensure sustainable economic development by maintaining macroeconomic stability and balanced development of the non-oil sector;
    • Increase income-generating opportunities and lift substantial numbers of citizens out of poverty;
    • Reduce social risks for older people, low-income families and vulnerable segments of the population by developing an effective social protection system;
    • Continue to systematically implement activities aimed at improving living conditions of IDPs and refugees;
    • Improve the quality of, and ensure equal access to, affordable basic health and education services;
    • Develop social infrastructure and improve the public utilities system;
    • Improve the environmental situation and ensure sustainable environmental management;
    • Promote and protect gender equality; and
    • Continue the process of institutional reform and improve good governance.

    More detailed information on Azerbaijan can be found here. 

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.