The economy of Azerbaijan is highly dependent on oil and gas exports, in particular since the completion of the Baku-Tbilisi-Ceyhan Pipeline. The transition to oil production in the late 1990s led to rapid economic growth over the period 1995–2014. Since 2014, GDP growth has slowed down substantially.
Baku, the financial capital of Azerbaijan
Change in per capita GDP of Azerbaijan since 1973. Figures are inflation-adjusted to 2011 International dollars.
Marauder (Mine Protected Vehicle) is manufactured in Azerbaijan.
Petroglyphs in Gobustan dating back to 10,000 BC indicating a thriving culture. It is a UNESCO World Heritage Site considered to be of "outstanding universal value".
The manat is the currency of Azerbaijan. It is subdivided into 100 gapiks.
Azerbaijani manat
Gapik coins of the second manat
Image: 1 Azerbaijani manat in 2005 Obverse
Image: 1 Azerbaijani manat in 2005 Reverse