Political and economic stability

· 2nd fastest growing economy among 179 countries in terms of GDP per capita growth in 2001-2010. (The Economist).
∙ In the past 10 years: GDP grew by 3 times, non-oil GDP by 2.5 times, GDP per capita by 2.6 times, strategic currency reserves by 29 times.
∙ Foreign debt of Azerbaijan is only 8.6% of the GDP, the volume of currency reserves accounts for about 68.4% of the GDP, and public deficit about 0.5% (2014).
∙ 40th most competitive economy among 148 countries and 1st among CIS members (WEF Global Competitiveness Report 2015-2016).
∙ Sovereign credit rating at investment level by three major international rating agencies: Standard and Poor’s, Fitch Ratings and Moody’s.
∙ Safety, government and political stability are considered the strongest factors by international business community operating in Azerbaijan (WEF Global Competitiveness Report 2014-2015).