A Broader View of Asian Poverty

Food insecurity and economic vulnerability should be included in a broader definition of poverty that could help policymakers develop more effective approaches, says new ADB report. Read More

Stable Growth Outlook for Developing Asia

Developing Asia’s outlook remains on track despite slower-than-expected first-quarter growth in the United States. Read More

Upgrading Water and Sanitation Services in Azerbaijan's Nakhchivan

An ADB-supported project is bringing safe drinking water and improved sanitation services to Azerbaijan's geographically isolated region of Nakhchivan. Read More

Central Asian Corridor Links Europe and East Asia

In Central Asia, a railway and road network links Europe to East Asia, traversing the Russian Federation border to the People’s Republic of China via Kazakhstan and the Kyrgyz Republic. Read More

Overview

The incomes of Azerbaijan’s population, on average, rose tenfold between 2001 and 2012, mainly driven by oil revenues. Meanwhile, poverty has dropped significantly over the past decade. The Government of Azerbaijan has set a target for average incomes to reach $13,000 by 2020.

ADB continues to work with Azerbaijan to help achieve development targets and ensure inclusive growth.

Fast Facts

9.42 (2013)
Population in millions

1.2% (2008-2013)
Average annual population growth rate

6.0% (2012)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
22.00 / 1.34
Agriculture (1)
 
187.00 / 11.42
Energy (2)
 
116.00 / 7.08
Finance (5)
 
757.40 / 46.26
Transport and ICT (7)
 
555.00 / 33.90
Water Supply (5)
 
1,637.40 / 100.00
TOTAL (20)
Cumulative as of 31 December 2013