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Azerbaijan, [a] officially the Republic of Azerbaijan, [b] is a transcontinental and landlocked country at the boundary of West Asia and Eastern Europe. [10] It is a part of the South Caucasus region and is bounded by the Caspian Sea to the east, Russia's republic of Dagestan to the north, Georgia to the northwest, Armenia and Turkey to the west, and Iran to the south.
Gas and oil make up two-thirds of Azerbaijan's GDP, making it one of the top ten most fossil fuel-dependent economies in the world. [20] Gas and oil make up 90% of Azerbaijan's export revenues and 60% of its finances. [21] Azerbaijan's economy is characterized by corruption and inequality. [18] The country's oil wealth has significantly ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 27 February 2025. Country with a developed economy and infrastructure "Industrial nation" redirects here. For the magazine, see Industrialnation. Not to be confused with Developing country. For the investing classification, see Developed market. Developed countries (IMF) Developing countries (IMF) Least ...
According to the World Energy Trilemma İndex, compiled by the World Energy Council for 2017, Azerbaijan has taken 31st place (BBA) among 125 countries. [16] According to the Global Energy Architecture Performance Index report for 2017, compiled by the World Economic Forum, Azerbaijan ranked 36th out of 127 countries with a 0.67 score. [17]
The economic history of Azerbaijan covers the development of the country's economy from its incorporation into the Russian empire at the beginning of the 19th Century, through the period of independence under the Democratic Republic (1918-1920), as part of the Soviet Union (1920-1991) and subsequent transition to the Republic of Azerbaijan (post 1992).
The Heritage Foundation and The Wall Street Journal: Index of Economic Freedom 2011: ranked 92 out of 183 countries; [3] International Finance Corporation: Ease of Doing Business Index 2011, ranked 54 out of 183 countries; [4] CIA World Factbook: GDP growth rate 2018, ranked 170 out of 193 countries (1.3% growth rate);
The Shah Abbas Mosque in Ganja, Azerbaijan. Islam is the majority religion in Azerbaijan, but the country is considered to be the most secular in the Muslim world.Various reports have estimated 97.3% (CIA, 2020) or 99.2% (Pew Research Center, 2006) of the population identifying as Muslim; with the majority being adherents of the Shia branch (55-65%), while a significant minority (35-45%) are ...
Azerbaijan develops its market infrastructure, including legal, tax and banking systems and relations with the international business community. [16] It enables the businesses entering Azerbaijan to calculate the risks and make decisions. [16] The following entities and individuals can be foreign investors in Azerbaijan: [16] Foreign legal persons;