World Business Council



AZERBAIJAN

Chair

Azerbaijan, with a population of about 10 million and a GDP of approximately $75 billion in 2023, has a robust economy largely driven by oil and gas. The per capita income is around $7,500. Key sectors include energy, mining, and agriculture. Azerbaijan is investing in infrastructure and diversifying its economy beyond oil.

Opportunities for foreign direct investment (FDI) exist in energy, infrastructure, and tourism, bolstered by the country’s strategic location and ongoing economic reforms.