Azerbaijan and ADB

In the Spotlight

  • President Nakao in Azerbaijan

    ADB President Takehiko Nakao met with Azerbaijan President Ilham Aliyev to discuss enhancing the partnership with the country as it prepares to host next year’s ADB Annual Meeting in Baku.

  • ADB-Azerbaijan: Foundation of a Bright Future

    The 15-year partnership between ADB and Azerbaijan has brought the Central Asian country substantial benefits, contributing to its remarkable development in recent years.

  • ADB, Azerbaijan Partnership to Promote New Economic Opportunities and Inclusive Growth

    ADB and the Government of Azerbaijan have agreed to a country partnership strategy for 2014-2018 to help diversify the economy and foster new economic opportunities, promote inclusive growth, and reduce urban-rural disparities.

  • Developing Asia Fastest Growing Region

    Developing Asia remains the fastest growing region globally despite slower-than-expected growth in major industrial countries as key economies move ahead with structural reforms, says a new ADB report. Read about the economic outlook for Azerbaijan.

  • Key Indicators for Asia and the Pacific 2014

    The Key Indicators for Asia and the Pacific 2014 presents the latest available economic, financial, social, and environmental statistics for the 48 regional members of ADB. Download the statistical tables for Azerbaijan.

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.

Azerbaijan will host ADB's 48th Annual Meeting in Baku from 2-5 May 2015.

View the ADB and Azerbaijan fact sheet.

48th Annual Meeting of the Asian Development Bank  in Baku, Azerbaijan

  • Highlights


Funding Information

Fast Facts

9.42(2013) Population in millions

1.2%(2008-2013) Average annual population growth

6.0(2012) Population living below the national poverty line

Download 2014 Basic Statistics