Azerbaijan - Republic of Azerbaijan Observer
Republic of Azerbaijan is situated at the eastern side of Transcaucasia (or South Caucasus) on the shores of the Caspian Sea.
The largest country in the South Caucasus shares borders with Iran, Turkey, Russia, Georgia, and Armenia. The eastern shores of the country are greeted by the waters of the Caspian Sea. It is bordered by Armenia to the north and the east, Iran to the south and the west, and Turkey to the west.
Azerbaijan is crucial to the economy of the Caspian and Caucasian regions, particularly in the development of the transport infrastructure in the Caucasus and the implementation of energy projects. It was the region's first country to explore its huge energy potential, to form a new economic model in the regional development, and to expand political and economic relations between Europe and Asia.
Through the decades, the local industry has also been successfully represented by the agricultural industry, which is famous for cotton-growing, viticulture, vegetable growing, and cattle-breeding.
Azerbaijan is a member of the United Nations, the Organisation of Security and Cooperation in Europe (OSCE), the Council of Europe (CE), the Commonwealth of Independent States (CIS), Organisation for Democracy and Economic Development (GUAM), and the Black Sea Economic Collaboration (BSEC).
|National currency||Azerbaijani Manat|
|Labor force (inhabitants)||4,881,649|
|GDP (current billion US$)||42.61|
|GDP per capita (current US$)||4,214.31|
|GDP growth (percentage)||-4.31|
|Exports of Goods and Services (current billion US$)||15.21|
|Proven natural gas reserves (billion c.m.)||1,917|
|Natural gas marketed production (billion c.m.)||25.14|
|Pipeline exports (billion c.m.)||13.40|
|Domestic natural gas consumption (billion c.m.)||12.53|