Economy of Azerbaijan in 2009

The new issue of informational and analytical bulletin “Azerbaijan Economic Trends” has been published, where the dynamics, qualitative changes and tendencies that have taken place in the country’s economy during the year 2009 are analyzed. The publication has been issued in two languages (Azeri, English). Official statistical data and ERC alternative calculation serves as the initial source of information. The review consists of four thematical chapters. The first chapter considers the main macroeconomic indicators: economic growth, investments into the economy, as well as the situation in the foreign trade. The second chapter analyzes the revenue and expense in the government budget, monetary policy of the Central Bank, banking sector, insurance market, stock market and exchange rate policy. The third chater describes the tendencies and issues in the development of industry and agricultural sector. The forth chapter is devoted to the forecasts in state budget and inflation rate for 2010. The publication is prepared for wide range of users: employees of government agencies, business, scientific research institutes and centers, public and international organizations, embassies’ staff, university professors and students, other interested individuals.his bulletin is made possible by the support of the State Secretariat of Economic Affairs SECO within the framework of “Calculation of alternative inflations level and development of models” implemented by Economic Research Center (ERC). The content of this bulletin are the sole responsibility of the author(s) and do not necessarily the views of SECO or the Switzerland Government

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