LiberationOrganization
International organization participation:
ADB, BSEC, CE, CICA, CIS, EAPC, EBRD, ECO, FAO, GCTU, GUAM, IAEA,
IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO,
Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, NAM (observer),
OAS (observer), OIC, OPCW, OSCE, PFP, SECI (observer), UN, UNCTAD,
UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO (observer)
Diplomatic representation in the US:
chief of mission: Ambassador Yashar ALIYEV
chancery: 2741 34th Street NW, Washington, DC 20008
telephone: [1] (202) 337–3500
FAX: [1] (202) 337–5911
Consulate(s) general: Los Angeles
Diplomatic representation from the US:
chief of mission: Ambassador Matthew BRYZA
embassy: 83 Azadlig Prospecti, Baku AZ1007
mailing address: American Embassy Baku, US Department of State, 7050 Baku Place, Washington, DC 20521–7050
telephone: [994] (12) 4980–335 through 337
FAX: [994] (12) 4656–671
Flag description:
three equal horizontal bands of blue (top), red, and green; a crescent and eight-pointed star in white are centered in the red band; the blue band recalls Azerbaijan's Turkic heritage, red stands for modernization and progress, and green refers to Islam; the crescent moon is an Islamic symbol, while the eight-pointed star represents the eight Turkic peoples of the world
National anthem:
name: "Azerbaijan Marsi" (March of Azerbaijan)
lyrics/music: Ahmed JAVAD/Uzeyir HAJIBEYOV
note: adopted 1992; although originally written in 1919 during a brief period of independence, "Azerbaijan Marsi" did not become the official anthem until after the dissolution of the Soviet Union
Economy ::Azerbaijan
Economy - overview:
Azerbaijan's high economic growth during 2006–08 was attributable to large and growing oil exports, but some non-export sectors also featured double-digit growth, spurred by growth in the construction, banking, and real estate sectors. In 2009, economic growth remained above 9% even as oil prices moderated and growth in the construction sector cooled. In 2010, economic growth slowed to approximately 3.7%, although the impact of the global financial crisis was less severe than in many other countries in the region. The current global economic slowdown presents some challenges for the Azerbaijani economy as oil prices remain below their mid-2008 highs, highlighting Azerbaijan's reliance on energy exports and lackluster attempts to diversify its economy. Azerbaijan's oil production increased dramatically in 1997, when Azerbaijan signed the first production-sharing arrangement (PSA) with the Azerbaijan International Operating Company. Oil exports through the Baku-Tbilisi-Ceyhan Pipeline remain the main economic driver while efforts to boost Azerbaijan's gas production are underway. However, Azerbaijan has made only limited progress on instituting market-based economic reforms. Pervasive public and private sector corruption and structural economic inefficiencies remain a drag on long-term growth, particularly in non-energy sectors. Several other obstacles impede Azerbaijan's economic progress: the need for stepped up foreign investment in the non-energy sector and the continuing conflict with Armenia over the Nagorno-Karabakh region. Trade with Russia and the other former Soviet republics is declining in importance, while trade is building with Turkey and the nations of Europe. Long-term prospects will depend on world oil prices, the location of new oil and gas pipelines in the region, and Azerbaijan's ability to manage its energy wealth to promote sustainable growth in non-energy sectors of the economy and spur employment.
GDP (purchasing power parity):
$90.15 billion (2010 est.) country comparison to the world: 73 $86.93 billion (2009 est.)
$79.54 billion (2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate):
$52.17 billion (2010 est.)
GDP - real growth rate:
3.7% (2010 est.) country comparison to the world: 90 9.3% (2009 est.)
10.8% (2008 est.)
GDP - per capita (PPP):
$11,000 (2010 est.) country comparison to the world: 102 $10,600 (2009 est.)
$9,700 (2008 est.)
note: data are in 2010 US dollars
GDP - composition by sector:
agriculture: 5.5%
industry: 61.4%
services: 33.1% (2010 est.)
Labor force:
5.874 million (2010 est.) country comparison to the world: 65
Labor force - by occupation:
agriculture: 38.3%
industry: 12.1%
services: 49.6% (2008)
Unemployment rate:
0.9% (2010 est.) country comparison to the world: 3 6% (2009 est.)
Population below poverty line:
11% (2009 est.)
Household income or consumption by percentage share:
lowest 10%: 6.1%
highest 10%: 17.5% (2005)
Distribution of family income - Gini index:
36.5 (2001) country comparison to the world: 81 36 (1995)
Investment (gross fixed):
17.3% of GDP (2010 est.) country comparison to the world: 116
Public debt:
4.6% of GDP (2010 est.) country comparison to the world: 128 6.7% of GDP (2009 est.)
Inflation rate (consumer prices):
5.1% (2010 est.) country comparison to the world: 146 1.5% (2009 est.)
Central bank discount rate:
