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AZERBAIJAN
The Republic of Azerbaijan
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Capital: Baku
Territory: 86 600 km²
Population: 8 436 000
Official language: Azerbaijani
State structure: Presidential republic
Currency: Azerbaijani manat (AZN)
1 AZN = 0.84 US dollars
Major economic indicators in
2007
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GDP - 29.3 billion US dollars.
GDP growth - 25%. In 2006 - 35%
GDP per capita - 3473.9 US dollars
GDP structure: production (including
construction) – 72.5%, services – 20.2% and
taxes - 7.3%
Share of non-state sector in GDP – 84%
State budget: income – 6626 million US dollars,
spending – 5764 million US dollars
Raise in monetary income of population - 40.3%
Monetary reserves – 7 billion US dollars
Investments
• Total – 7877.7 million US dollars
a)domestic investments - 59.6%
b)foreign investments – 40.4%
• Investments into oil sector - 51%
• Investments into non-oil sector - 49%
• In comparison with 2006:
a) Raise in domestic investments - 50.7%
b) Growth in investments into non-oil sector
- 28.8%
Foreign trade
• Trade balance - 11 766.5 million US
dollars.
- Import – 5 708.6 million US dollars
- Export – 6 058.3 million US dollars
- Saldo – (+) 349.7 million US dollars
Structure of import
• Machinery, electric devices
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(30.2%)
vehicles, airships, floating
transportation means
(15.5%)
ferrous metals and resulting
products (12.4%)
food products, alcohol and
non-alcohol drinks, vinegar,
tobacco (7.7%)
phytogenous products
(6.6%)
products of chemical
industry (5.9%)
• minerals (5.3%),
• optical instrument, medical
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equipment, clocks, musical
instruments (3.1%)
stone, gyps, cement, mica,
ceramics and glass (2.3%)
paper and paper-board
made of wood, and
resulting products (1.7%)
wood, cork, and resulting
products (1.3%)
textile (1%)
Structure of export
• Minerals (81.5%),
• food products, alcohol
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and non-alcohol drinks,
vinegar, tobacco (3.8%)
phytogenous products
(3.2%),
ferrous metal and
resulting products (3.0%)
stone, gyps, cement,
mica, ceramics and glass
(2.3%)
vehicles, airships, floating
transportation means
(1.7%)
• paper and paper-board
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made of wood, and
resulting products (1.7%)
products of chemical
industry (1.5%)
Animal or phytogenous
fat and oils (1.4%),
wood, cork, and resulting
products (1.3%)
Plastic, rubber, and
resulting products (1.2)
textile (1%)
Main trade partners
In thousand US dollars
1. Italy (2 970 008)
2. Russia (1 525 799)
3. Israel (946 008)
4. Turkey (773 185)
5. Great Britain (459 295)
6. Germany (412 704)
7. France (403 340)
8. Iran (381 814)
9. Turkmenistan (378 532)
10. Ukraine (355 834)
11. Georgia (334 436)
12. USA (289 842)
13. Kazakhstan (232 908)
14. China (228 871)
15. Greece (187 351)
16. Japan (185 570)
17. Finland (167 732)
18. Tajikistan (131 186)
19. Romania (119 380)
20. South Korea (115 286)
21. Netherlands (105 579)
22. Spain (69 019)
Forecast for 2008
• GDP growth – 16.1%
• GDP amount 26.2 billion US dollars
• Growth in oil sector – 26%, in non-oil sector –
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8.1%
Investments - 6.2 billion US dollars, including
4.4 billion US dollars of domestic investments
Share of non-state sector in GDP - 89%
Foreign trade balance - 24.1 billion US dollars
State budget – 12 billion US dollars
Trade between the Republic of Azerbaijan
and the Czech Republic
• Import – 19 503.6 (in thousand US dollars)
• Export - 373.3
• Saldo - (-) 19 130.3
• Imported goods: Sparkling water, medicines, glues, rubber
tire, hygienic towels, rolls, jewels, vessels, metal structures,
steam turbines, heating devices, lifting cranes, batteries,
load carriers, apparatus, contact lenses
• Exported goods: Propane, handbags, cotton fiber, shoe
materials, periodicals, carpets, used clothes
Investment opportunities for
Czech businessmen
• Why Azerbaijan?
a) Fastest growing economy
b) Abundant resources
c) Favorable location
d) Competitive cost of production
e) Investor friendly
Investment opportunities sectors
• Energy
• Agriculture
• Food and Beverages
• Construction
• Telecom
• Tourism
• Financial sector
Possible trade topics between the
Republic of Azerbaijan and the Czech
Republic
• Possible export opportunities
a) Beverages, especially beer
b) Machinery, electric devices
c) Vehicles
d) Products of chemical industry
e) Glass and crystal products
Possible import opportunities
• Minerals
• Food products, alcohol and non-alcohol drinks,
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vinegar
Preserved food, including canned fruit
Phytogenous products
Animal or phytogenous fat and oils
Stone, gyps, cement, mica, ceramics and glass
Ferrous metal and resulting products
Cotton
Participation in government
tenders
• Any firm wishing to take part in public
tenders could get all relevant information
from the web-site of the State Agency on
Procurement of the Republic of
Azerbaijan:
http://www.tender.gov.az
Welcome to Azerbaijan