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Azerbaijan’s economy at a glance . Source: State Statistics Committee. Global Competitiveness Report 2012-2013.
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Azerbaijan’s economy at a glance Source: State Statistics Committee
Global Competitiveness Report 2012-2013 The report assesses the ability of countries to provide high levels of prosperity to their citizens. This in turn depends on how productively a country uses available resources. Therefore, the Global Competitiveness Index measures the set of institutions, policies, and factors that set the sustainable current and medium-term levels of economic prosperity. 1st among CIS countries (4 times running), 46th among 144 countries Other indicators: Macroeconomic environment – 18th Government budget balance – 5th General government debt – 12th Labour market efficiency – 26th Capacity for innovation – 39th Technological readiness – 61st
Azerbaijan enters a competitive economy Sovereign debt ratings
Comfortable Business Environment WB Doing Business Report 2013 67th among 185 countries 13th among the 50 economies since 2005.This measure shows how an economy is in average, calculating the best performance achieved by any economy on each ‘Doing Business’ indicator since 2005. Some sub-indicators: Registering property – 9th Starting a business– 18th Enforcing contracts – 25th Getting credit – 53rd In Global Competitiveness Index 2012-2013 (rank/144): Hiring and firing practices – 4th Gov-t services for improved business performance- 17th Burden of government regulation – 29th Extent and effect of taxation – 49th
Distribution of Investments Foreign 73.2 bln USD Domestic 71.2 bln USD 1995-2012 Non-oil sector 60% Oil sector 40% Total Investments 144.4 bln USD Source: State Statistics Committee