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The International HighSchool at Lafayette

EconomicsMr. JoelFidan and

Tamerlan

*An Economic Report of

Azerbaijan

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*Population and

Currency

*

*The population of Azerbaijan is 8,882,200

*The currency is AZN (Manat)

*1 AZN = 1.27210 USD

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*Natural Resources andGeography

*Azerbaijan is the largestcountry in the Caucasus regionof Eurasia. Located at thecrossroads of Western Asia andEastern Europe.

*The Natural resources:Petroleum, natural gas, ironore, nonferrous metals,

alumina.* It has important oil reserves

and significant agriculturalpotential based on a widevariety of climatic zones

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*Infrastructure

* 42 people per 100 has access to the internet

* Between 2009 and 2011 Azerbaijan constructed mmany bridges, stadiums,

* and lots of opportunities for tourism especially afterwining Eurovision 2011

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*GDP & GDP Per Capita

*In 2009 the gross domestic product (GDP) ofAzerbaijan was 51.79 billion US$

*In 2009 the GPD per capita was about $10, 340

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*Exports

* Exports-$27.92 billion (2010)

* Exports - commodities petroleum and natural gas,

petroleum products, oilfield equipment; steel, iron ore,cement; chemicals, petrochemicals, textiles, machinery,cotton, foodstuffs.

* Azerbaijan has concluded 21 production-sharingagreements with various oil companies. And exportpipeline that transports Caspian oil to the Mediterranean

from Baku through Tbilisi, Georgia to Ceyhan, Turkey (theBaku-Tbilisi-Ceyhan Pipeline)

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*Imports

*Imports-$6.599 billion (2010)

*The import good are machinery and parts,consumer durables, foodstuffs, textiles

*Merchandise trade (% of GDP) is 64.2 %

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*Trade Balance &Currency Evaluation

* In 2011 Azerbaijan has balance of -224.6 (in millions of U.S.dollars )

*Azerbaijan has Inflation rate (2010) of : 5.7%

* . The national currency, the Azerbaijani manat, was stable in 2000,depreciating 3.8% against the dollar

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*SocioeconomicFactors

*The unemployment rate of Azerbaijan is 6%

*The Life expectancy is between 63 and 72

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*The Environment

* The environment of Azerbaijan includes a wide diversity ofclimates, animals, plants, and habitats.

* Azerbaijan is home to a vast variety of landscapes. Over half ofAzerbaijan's land mass consists of mountain ridges, crests, yailas

and plateaus which rise up to hypsometric levels of 4001000meters

* The climate of Azerbaijan is unique, as nine of the Earth's elevenclimate zones are found in Azerbaijan also Azerbaijan has anamazingly rich and diverse fauna

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*Prediction

* The pipeline is expected to generate as much as $160 billion inrevenues for the country over the next 30 years. The recent highprice of oil is highly beneficial to Azerbaijan's economy as the

nation is in the midst of an oil boom.

* Also Azerbaijan concluded a gas agreement with Turkey, so it willproviding a future export market for Azerbaijan

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*Sources

* Azerbaijan - http://www.state.gov/r/pa/ei/bgn/2909.htm

* Trade goods with Azerbaijan http://www.census.gov/foreign-trade/balance/c4632.html

* Environment and economy of Azerbaijan http://en.wikipedia.org/wiki/Economy_of_Azerbaijan

* http://en.wikipedia.org/wiki/Environment_of_Azerbaijan

http://www.state.gov/r/pa/ei/bgn/2909.htmhttp://www.census.gov/foreign-trade/balance/c4632.htmlhttp://www.census.gov/foreign-trade/balance/c4632.htmlhttp://en.wikipedia.org/wiki/Economy_of_Azerbaijanhttp://en.wikipedia.org/wiki/Economy_of_Azerbaijanhttp://en.wikipedia.org/wiki/Environment_of_Azerbaijanhttp://en.wikipedia.org/wiki/Environment_of_Azerbaijanhttp://en.wikipedia.org/wiki/Environment_of_Azerbaijanhttp://en.wikipedia.org/wiki/Economy_of_Azerbaijanhttp://en.wikipedia.org/wiki/Economy_of_Azerbaijanhttp://www.census.gov/foreign-trade/balance/c4632.htmlhttp://www.census.gov/foreign-trade/balance/c4632.htmlhttp://www.state.gov/r/pa/ei/bgn/2909.htmhttp://www.state.gov/r/pa/ei/bgn/2909.htm