Azerbaijan and ADB

In the Spotlight

Located in the South Caucasus, Azerbaijan is an oil-rich country whose gross national income per capita has increased approximately tenfold since 2001. Consequently, in 2013, ADB upgraded Azerbaijan to a Category C developing member country. Economic growth has been spurred by the exploration and development of oil and gas reserves, high levels of public expenditure, and substantial reforms to support a market-based economy. Despite robust growth, the economy of Azerbaijan remains largely dependent upon the extraction and production of fossil fuels.

Under the country partnership strategy, 2014-2018, ADB continues to work with Azerbaijan to help achieve development targets and ensure inclusive growth.

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

View the ADB and Azerbaijan fact sheet.

 48th Annual Meeting of the Board of Governors of the Asian Development Bank


Projects in the Azerbaijan

9.54(2014) Population in millions

1.3%(2009-2014) Average annual population growth

5.3(2013) Population living below the national poverty line

Download 2015 Basic Statistics