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Home :: Trade Leads By Country : Azerbaijan



AZERBAIJAN

Azerbaijan, Countries by TradeAzerbaijan, Countries by Trade

Introduction

The masters of fine music and arts seems to have culminated from this place and developed into world class masterpeices and that’s what apart from the oil resources that Azerbaijan is famous for and the original national culture of Azerbaijan goes back into centuries and has absorbed the best traditions of East and West. The literature in this country has bee enlightene and highlighted by a lot of masters like Nizami Ganjavi, the peak of whose creative activity "Khamsa" is included in the treasure-house of world literature, Afzalladin Khagani, Mehseti Ganjavi, Mohammed Fizuli, Molla Panah Vagif, Khur-shud-banu Natavan - their lyrics have acquired world acknowledgment, the dramatist and thinker Mirza Fatali Akhundov, and the satirists Sabir, Jalil Mammadkuluzade.
It is very famous for the different music and arts that the folks display here and also is a good tourist destination.


Business and Economy

Azerbaijan's as all of us know is the hub of oil and the oil refineries.It is the number one export is oil. Azerbaijan's oil production declined through 1997 but has registered an increase every year since. But they are still mangin and are surviving the tough times that have iflicted on them.However there have negotiations of production-sharing arrangements (PSAs) with foreign firms, which have thus far committed $60 billion to long-term oilfield development, should generate the funds needed to spur future industrial development. Oil therefore is the mjaor source of sustenace for the economy of Azerbaijan .The Oil production under the first of these PSAs, with the Azerbaijan International Operating Company, began in November 1997.


Major Cities

The major cities that are found in Azerbaijan are Baki ,Gonc,Gäncä , Sumqayit ,Ming, çevir ,Bayramli ,Naxçivan ,Bakixanov ,Xankndi


Fact Sheet

Purchasing power parity - $26.34 billion (2003 est.)
GDP - real growth rate: 9.9% (2003 est.)
GDP - per capita: purchasing power parity - $3,400 (2003 est.)
GDP - composition by sector:
agriculture: 14.1%
industry: 45.7%
services: 40.2% (2002 est.)
Population below poverty line: 49% (2002 est.)
Household income or consumption by percentage share:
lowest 10%: 2.8%
highest 10%: 27.8% (1995)
Distribution of family income - Gini index: 36 (1995)
Inflation rate (consumer prices): 2.9% (2003 est.)
Labor force: 3.7 million (2001)
Labor force - by occupation: agriculture and forestry 41%, industry 7%, services 52% (2001)
Unemployment rate: 16% (official rate is 1.2%) (2003 est.)
Agriculture - products: cotton, grain, rice, grapes, fruit, vegetables, tea, tobacco; cattle, pigs, sheep, goats
Exports: $2.605 billion f.o.b. (2003 est.)
Exports - commodities: oil and gas 90%, machinery, cotton, foodstuffs
Exports - partners: Italy 30.1%, Germany 15.5%, Czech Republic 10.8%, France 8.8%, Georgia 7%, Russia 4.9% (2002)
Imports: $2.498 billion f.o.b. (2003 est.)
Imports - commodities: machinery and equipment, oil products, foodstuffs, metals, chemicals
Imports - partners: Russia 16.8%, Turkey 13.5%, Germany 7.4%, Kazakhstan 6.8%, France 6.5%, Ukraine 6.3%, China 5.7%, UK 5.1%, US 4.2% (2002)
Debt - external: $1.5 billion (2003)
Economic aid - recipient: ODA, $140 million (2000 est.)
Currency: Azerbaijani manat (AZM)
Currency code: AZM




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