Azerbaijan
Its population in 2018 was 9,923,914 [1]
In 2015, 2.31% of its total energy
consumption was renewable [2]
In 2021, its GDP grew by 5.60% [2]
In 2021 it had a positive Current
Account Balance of US$bn 8.29 [3]
Its unemployment rate in 2021 was 5.95% [3]
Its Expenditure on R&D (as a percentage of
GDP) in 2020 was 0.22% [2]
A Big Mac will set you back the
local equivalent of US$2.33 [4]
What free trade areas or economic unions is it a member of?
Member of the Organization of the Black Sea Economic Cooperation (BSEC) since 05/06/1998
Other members:
Albania, Armenia, Bulgaria, Georgia, Greece, Republic of Moldova, Romania, Russian Federation, Serbia, Türkiye, Ukraine
What trade deals are there between Organization of the Black Sea Economic Cooperation and other countries and economic unions?
None
What trade deals are there with other countries and economic unions?
Georgia - Azerbaijan free trade agreement (from 10/07/1996)
Yelo: Brighter Banking for the People and Business Community of Azerbaijan
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WGB Launches New Country Partnership Framework to Support Azerbaijan’s Sustainable, Inclusive and Resilient Growth
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Davos: Azerbaijan Making a Splash at World Economic Forum
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Mehriban Aliyeva – With Azerbaijan at Heart: the First Lady Reaches Out For a Better World
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Revenue Watch: 4 out of 5 Companies Fail in Good Governance
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Organisation of Islamic Conference: Contemporary Challenges of Member States
Issues concerning unemployment, the development of human resources and enhancing social protection feature prominently in the
Azerbaijan FDI
Azerbaijan is a country with wide range of investment opportunities and is undoubtedly one of the
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Trade with the United Kingdom
Source: UK Office for National Statistics, October 2022.
Contains public sector information licensed under the Open Government Licence v3.0.
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