Azerbaijan - Country Economic Memorandum : A New Silk Road - Export-led Diversification
Azerbaijan's oil and gas boom presents a rare opportunity to accelerate improvements in the quality of life of all its citizens. Its per capita income is $5,100 in 2008, up nearly 400 percent from 2004 in current USD terms; it could potentiall...
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| Format: | Country Economic Memorandum |
| Language: | English |
| Published: |
World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100107230943 http://hdl.handle.net/10986/3154 |
| id |
okr-10986-3154 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING AGGREGATE DEMAND AGRICULTURAL PRODUCTION AIR CONDITIONERS ALLOCATION ANNUAL RATE BANK FINANCING BANKING SECTOR BANKING SECTORS BOND BUDGET MANAGEMENT BUDGETARY FRAMEWORK BUDGETING BUSINESS REGULATIONS CAPITAL INVESTMENT CENTRAL BANK COMMERCIAL BANK COMMERCIAL BANKS COMPARATIVE ADVANTAGE COUNTRY PROCUREMENT COUNTRY PROCUREMENT ASSESSMENT CREDIT ACCESS CREDIT POLICY CROWDING OUT DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DISCOUNT RATE DOMESTIC CURRENCY DOMESTIC DEMAND DOMESTIC MARKETS ECONOMIC ACTIVITY ECONOMIC CLASSIFICATION ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH EDUCATION POLICY EDUCATION SYSTEM ENERGY EFFICIENCY ENVIRONMENTAL EQUITY FINANCING EQUITY MARKETS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURE PLANS EXPORTERS FIDUCIARY ASSESSMENT FINANCE MINISTRY FINANCIAL ACCOUNTABILITY FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SUSTAINABILITY FISCAL ADJUSTMENT FISCAL BALANCE FISCAL POLICY FISCAL SCENARIOS FISCAL SUSTAINABILITY FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INFLOWS FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN LOANS FOREIGN TRADE GLOBAL DEVELOPMENT FINANCE GLOBAL ECONOMY GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES GOVERNMENT REVENUE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH MODEL GROWTH RATE HEALTH SERVICES HUMAN CAPITAL IMPLICIT SUBSIDIES INCOME GROWTH INCOME TAX INFLATION INFLATIONARY PRESSURES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INITIAL PUBLIC OFFERING INSTRUMENT INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BORROWING INTERNATIONAL FINANCE INTERNATIONAL INVESTOR INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTING INVESTMENT EXPENDITURES INVESTMENT PROJECTS IPO ISSUANCE LABOR FORCE LABOR MARKET LEGAL FRAMEWORK LIQUIDITY MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC VOLATILITY MARKET DEVELOPMENTS MARKET ECONOMY MARKET PRACTICES MARKET STRUCTURE MEDIUM-TERM EXPENDITURE MEDIUM-TERM EXPENDITURE FRAMEWORK MINES MINISTRY OF FINANCE MONETARY FUND MONETARY POLICY NATURAL RESOURCES NET PRESENT VALUE NON PERFORMING LOANS NPL OIL OIL BOOM OIL PRICE OIL PRICES OIL RESOURCES OIL SECTOR OPEC PENSION PENSIONS PERFORMANCE EVALUATION PERFORMANCE INDICATOR PERPETUITY PERSONAL INCOME PERSONAL INCOME TAX POLICY DECISIONS POLICY MAKERS POVERTY ASSESSMENT POVERTY REDUCTION POVERTY REDUCTION STRATEGY POVERTY REDUCTION SUPPORT PRESENT VALUE PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE SECTOR PRIVATE SECTOR GROWTH PRODUCTIVITY GROWTH PROVEN OIL RESERVES PROVEN RESERVES PUBLIC ADMINISTRATION PUBLIC AGENCIES PUBLIC EDUCATION PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAM PUBLIC INVESTMENTS PUBLIC MANAGEMENT PUBLIC SECTOR PUBLIC SECTOR EMPLOYEES PUBLIC SECTOR SPECIALIST PUBLIC SERVICES PUBLIC SPENDING PUBLIC UTILITIES PURCHASING POWER QUALITY CONTROL QUALITY OF LIFE REAL EXCHANGE RATE REAL INTEREST REAL WAGES REFORM EFFORTS REGULATORY FRAMEWORK REGULATORY REFORM REMITTANCES RETURNS ROAD FUND ROAD TRANSPORT SECURITIES SERVICE QUALITY SOCIAL ASSISTANCE SOCIAL POLICIES SOCIAL PROTECTION SOCIAL SECURITY STATE BANK STRUCTURAL ADJUSTMENT STRUCTURAL REFORM STRUCTURAL REFORMS TAX BURDEN TAX RATES TAX REGIME TAX REVENUE TELECOMMUNICATIONS TRADE BALANCES TRADE REGIME TRADING TRANSACTIONS COSTS TRANSPARENCY TREASURY UNCERTAINTY WAGES |
| spellingShingle |
ACCOUNTING AGGREGATE DEMAND AGRICULTURAL PRODUCTION AIR CONDITIONERS ALLOCATION ANNUAL RATE BANK FINANCING BANKING SECTOR BANKING SECTORS BOND BUDGET MANAGEMENT BUDGETARY FRAMEWORK BUDGETING BUSINESS REGULATIONS CAPITAL INVESTMENT CENTRAL BANK COMMERCIAL BANK COMMERCIAL BANKS COMPARATIVE ADVANTAGE COUNTRY PROCUREMENT COUNTRY PROCUREMENT ASSESSMENT CREDIT ACCESS CREDIT POLICY CROWDING OUT DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DISCOUNT RATE DOMESTIC CURRENCY DOMESTIC DEMAND DOMESTIC MARKETS ECONOMIC ACTIVITY ECONOMIC CLASSIFICATION ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH EDUCATION POLICY EDUCATION SYSTEM ENERGY EFFICIENCY ENVIRONMENTAL EQUITY FINANCING EQUITY MARKETS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURE PLANS EXPORTERS FIDUCIARY ASSESSMENT FINANCE MINISTRY FINANCIAL ACCOUNTABILITY FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SUSTAINABILITY FISCAL ADJUSTMENT FISCAL BALANCE FISCAL POLICY FISCAL SCENARIOS FISCAL SUSTAINABILITY FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INFLOWS FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN LOANS FOREIGN TRADE GLOBAL DEVELOPMENT FINANCE GLOBAL ECONOMY GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES GOVERNMENT REVENUE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH MODEL GROWTH RATE HEALTH SERVICES HUMAN CAPITAL IMPLICIT SUBSIDIES INCOME GROWTH INCOME TAX INFLATION INFLATIONARY PRESSURES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INITIAL PUBLIC OFFERING INSTRUMENT INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BORROWING INTERNATIONAL FINANCE INTERNATIONAL INVESTOR INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTING INVESTMENT EXPENDITURES INVESTMENT PROJECTS IPO ISSUANCE LABOR FORCE LABOR MARKET LEGAL FRAMEWORK LIQUIDITY MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC VOLATILITY MARKET DEVELOPMENTS MARKET ECONOMY MARKET PRACTICES MARKET STRUCTURE MEDIUM-TERM EXPENDITURE MEDIUM-TERM EXPENDITURE FRAMEWORK MINES MINISTRY OF FINANCE MONETARY FUND MONETARY POLICY NATURAL RESOURCES NET PRESENT VALUE NON PERFORMING LOANS NPL OIL OIL BOOM OIL PRICE OIL PRICES OIL RESOURCES OIL SECTOR OPEC PENSION PENSIONS PERFORMANCE EVALUATION PERFORMANCE INDICATOR PERPETUITY PERSONAL INCOME PERSONAL INCOME TAX POLICY DECISIONS POLICY MAKERS POVERTY ASSESSMENT POVERTY REDUCTION POVERTY REDUCTION STRATEGY POVERTY REDUCTION SUPPORT PRESENT VALUE PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE SECTOR PRIVATE SECTOR GROWTH PRODUCTIVITY GROWTH PROVEN OIL RESERVES PROVEN RESERVES PUBLIC ADMINISTRATION PUBLIC AGENCIES PUBLIC EDUCATION PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAM PUBLIC INVESTMENTS PUBLIC MANAGEMENT PUBLIC SECTOR PUBLIC SECTOR EMPLOYEES PUBLIC SECTOR SPECIALIST PUBLIC SERVICES PUBLIC SPENDING PUBLIC UTILITIES PURCHASING POWER QUALITY CONTROL QUALITY OF LIFE REAL EXCHANGE RATE REAL INTEREST REAL WAGES REFORM EFFORTS REGULATORY FRAMEWORK REGULATORY REFORM REMITTANCES RETURNS ROAD FUND ROAD TRANSPORT SECURITIES SERVICE QUALITY SOCIAL ASSISTANCE SOCIAL POLICIES SOCIAL PROTECTION SOCIAL SECURITY STATE BANK STRUCTURAL ADJUSTMENT STRUCTURAL REFORM STRUCTURAL REFORMS TAX BURDEN TAX RATES TAX REGIME TAX REVENUE TELECOMMUNICATIONS TRADE BALANCES TRADE REGIME TRADING TRANSACTIONS COSTS TRANSPARENCY TREASURY UNCERTAINTY WAGES World Bank Azerbaijan - Country Economic Memorandum : A New Silk Road - Export-led Diversification |
| geographic_facet |
Europe and Central Asia Eastern Europe Commonwealth of Independent States Asia Azerbaijan |
| description |
Azerbaijan's oil and gas boom
presents a rare opportunity to accelerate improvements in
the quality of life of all its citizens. Its per capita
income is $5,100 in 2008, up nearly 400 percent from 2004 in
current USD terms; it could potentially exceed $6,500 by
2013 and higher beyond that. Consequently, poverty is likely
to continue to fall, especially in the rural areas, and the
entire population of nearly nine million can expect to
benefit significantly from expanded access to better quality
education and health services as well as more targeted
social assistance. Most of this income growth is expected to
come from non-oil output and exports, especially agriculture
and light manufacturing, though high levels of oil revenues
and public spending will continue to stimulate significant
growth of construction and various services sectors. Fiscal
revenues from oil and gas are expected to be $198 billion in
net present value terms through 2024 (based on the oil
production profile of June 2008). This report outlines
changes in policies and institutions that will be needed to
realize this vision. |
| format |
Economic & Sector Work :: Country Economic Memorandum |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Azerbaijan - Country Economic Memorandum : A New Silk Road - Export-led Diversification |
| title_short |
Azerbaijan - Country Economic Memorandum : A New Silk Road - Export-led Diversification |
| title_full |
Azerbaijan - Country Economic Memorandum : A New Silk Road - Export-led Diversification |
| title_fullStr |
Azerbaijan - Country Economic Memorandum : A New Silk Road - Export-led Diversification |
| title_full_unstemmed |
Azerbaijan - Country Economic Memorandum : A New Silk Road - Export-led Diversification |
| title_sort |
azerbaijan - country economic memorandum : a new silk road - export-led diversification |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100107230943 http://hdl.handle.net/10986/3154 |
| _version_ |
1764386537830612992 |
| spelling |
okr-10986-31542021-04-23T14:02:07Z Azerbaijan - Country Economic Memorandum : A New Silk Road - Export-led Diversification World Bank ACCOUNTING AGGREGATE DEMAND AGRICULTURAL PRODUCTION AIR CONDITIONERS ALLOCATION ANNUAL RATE BANK FINANCING BANKING SECTOR BANKING SECTORS BOND BUDGET MANAGEMENT BUDGETARY FRAMEWORK BUDGETING BUSINESS REGULATIONS CAPITAL INVESTMENT CENTRAL BANK COMMERCIAL BANK COMMERCIAL BANKS COMPARATIVE ADVANTAGE COUNTRY PROCUREMENT COUNTRY PROCUREMENT ASSESSMENT CREDIT ACCESS CREDIT POLICY CROWDING OUT DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DISCOUNT RATE DOMESTIC CURRENCY DOMESTIC DEMAND DOMESTIC MARKETS ECONOMIC ACTIVITY ECONOMIC CLASSIFICATION ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH EDUCATION POLICY EDUCATION SYSTEM ENERGY EFFICIENCY ENVIRONMENTAL EQUITY FINANCING EQUITY MARKETS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURE PLANS EXPORTERS FIDUCIARY ASSESSMENT FINANCE MINISTRY FINANCIAL ACCOUNTABILITY FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SUSTAINABILITY FISCAL ADJUSTMENT FISCAL BALANCE FISCAL POLICY FISCAL SCENARIOS FISCAL SUSTAINABILITY FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INFLOWS FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN LOANS FOREIGN TRADE GLOBAL DEVELOPMENT FINANCE GLOBAL ECONOMY GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES GOVERNMENT REVENUE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH MODEL GROWTH RATE HEALTH SERVICES HUMAN CAPITAL IMPLICIT SUBSIDIES INCOME GROWTH INCOME TAX INFLATION INFLATIONARY PRESSURES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INITIAL PUBLIC OFFERING INSTRUMENT INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BORROWING INTERNATIONAL FINANCE INTERNATIONAL INVESTOR INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTING INVESTMENT EXPENDITURES INVESTMENT PROJECTS IPO ISSUANCE LABOR FORCE LABOR MARKET LEGAL FRAMEWORK LIQUIDITY MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC VOLATILITY MARKET DEVELOPMENTS MARKET ECONOMY MARKET PRACTICES MARKET STRUCTURE MEDIUM-TERM EXPENDITURE MEDIUM-TERM EXPENDITURE FRAMEWORK MINES MINISTRY OF FINANCE MONETARY FUND MONETARY POLICY NATURAL RESOURCES NET PRESENT VALUE NON PERFORMING LOANS NPL OIL OIL BOOM OIL PRICE OIL PRICES OIL RESOURCES OIL SECTOR OPEC PENSION PENSIONS PERFORMANCE EVALUATION PERFORMANCE INDICATOR PERPETUITY PERSONAL INCOME PERSONAL INCOME TAX POLICY DECISIONS POLICY MAKERS POVERTY ASSESSMENT POVERTY REDUCTION POVERTY REDUCTION STRATEGY POVERTY REDUCTION SUPPORT PRESENT VALUE PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE SECTOR PRIVATE SECTOR GROWTH PRODUCTIVITY GROWTH PROVEN OIL RESERVES PROVEN RESERVES PUBLIC ADMINISTRATION PUBLIC AGENCIES PUBLIC EDUCATION PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAM PUBLIC INVESTMENTS PUBLIC MANAGEMENT PUBLIC SECTOR PUBLIC SECTOR EMPLOYEES PUBLIC SECTOR SPECIALIST PUBLIC SERVICES PUBLIC SPENDING PUBLIC UTILITIES PURCHASING POWER QUALITY CONTROL QUALITY OF LIFE REAL EXCHANGE RATE REAL INTEREST REAL WAGES REFORM EFFORTS REGULATORY FRAMEWORK REGULATORY REFORM REMITTANCES RETURNS ROAD FUND ROAD TRANSPORT SECURITIES SERVICE QUALITY SOCIAL ASSISTANCE SOCIAL POLICIES SOCIAL PROTECTION SOCIAL SECURITY STATE BANK STRUCTURAL ADJUSTMENT STRUCTURAL REFORM STRUCTURAL REFORMS TAX BURDEN TAX RATES TAX REGIME TAX REVENUE TELECOMMUNICATIONS TRADE BALANCES TRADE REGIME TRADING TRANSACTIONS COSTS TRANSPARENCY TREASURY UNCERTAINTY WAGES Azerbaijan's oil and gas boom presents a rare opportunity to accelerate improvements in the quality of life of all its citizens. Its per capita income is $5,100 in 2008, up nearly 400 percent from 2004 in current USD terms; it could potentially exceed $6,500 by 2013 and higher beyond that. Consequently, poverty is likely to continue to fall, especially in the rural areas, and the entire population of nearly nine million can expect to benefit significantly from expanded access to better quality education and health services as well as more targeted social assistance. Most of this income growth is expected to come from non-oil output and exports, especially agriculture and light manufacturing, though high levels of oil revenues and public spending will continue to stimulate significant growth of construction and various services sectors. Fiscal revenues from oil and gas are expected to be $198 billion in net present value terms through 2024 (based on the oil production profile of June 2008). This report outlines changes in policies and institutions that will be needed to realize this vision. 2012-03-19T17:25:40Z 2012-03-19T17:25:40Z 2009-12-23 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100107230943 http://hdl.handle.net/10986/3154 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Economic & Sector Work :: Country Economic Memorandum Europe and Central Asia Eastern Europe Commonwealth of Independent States Asia Azerbaijan |