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GENERAL
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Official Name
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Republic of Azerbaijan
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Capital
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Baku
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Area
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86,600 sq. km
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Weather (in C)
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Average temperature in summer is 28 C
Average temperature in winter is 14 C
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Population
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10.205 million as of 01 October 2022
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Forest Cover
(% of total area)
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About 1,131.7 thousand hectors
(13.7% of the territory)
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CO2 emissions
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Estimated at 33,895 KT
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Tourist Arrivals
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791.8 thousand (2021), 1.323 million (Jan-Oct 2022)
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Age Profile
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0-14 years: 22.4%
15-24 years: 13.5%
25-54 years: 45.5%
55-64 years: 11.4%
65 years and over: 7.2%
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Life Expectancy
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Estimated at 73
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Language (with % of speakers, if available)
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Azerbaijani (Azeri) (official) 92.6%, Russian 1.4%, Armenian 1.4%, other 4.7%
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Ethnic groups
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Azerbaijani 91.6%, Lezgian 2%, Russian 1.3%, Armenian 1.3%, Talysh 1.3%, other 2.4%
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Main Religions (with %, if available)
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Shia Muslim: 70%, Sunni Muslim: 23%, Russian Orthodox: 2.5%, Armenian Orthodox: 2.3%, others: 1.8%
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Internet Penetration
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80% of population
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Mobile phones
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10.3 million
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Urbanisation
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56.4%
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ECONOMIC
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Currency
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AZN (Manat)
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Exchange rate with US$ and Rupee
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US$ 1 = 1.7 Azerbaijani Manat
Azerbaijani Manat 1 = 48 Indian Rupees
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GDP
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AZN 121.4 billion (US$ 71.4 billion) (Jan-Nov 2022)
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GDP Growth Rate
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5.6% (2021), 4.8% (Jan-Nov 2022)
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Major Sectors (% of GDP)
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Industry- 52.7%, Trade and transport maintenance- 8.0%, Transport and warehouse 5.9%, Agriculture, forestry and fishery- 5.0%, Construction- 3.8%, IT and Communications - 1.3%, Tourism- 1.5% Net taxes on products and imports– 7.5% and Other sectors- 14.3% (Jan- Nov 2022)
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Unemployment Rate (%)
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6.0% (2021)
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Inflation (%)
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6.7% (2021), 13.8% (Jan-Nov 2022)
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GDP Per Capita
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US$ 5,452.5 (2021), US$ 7,096.6 (Jan-Nov 2022)
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Total Trade (Goods)
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US$ 33.9 billion (2021), US$ 49.22 billion (Jan-Nov 2022)
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Exports (Goods)
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US$ 22.2 billion (2021), US$ 36.34 billion (Jan-Nov 2022)
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Imports (Goods)
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US$ 11.7 billion (2021), US$ 12.88 billion (Jan-Nov 2022)
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Balance of Trade
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US$ 10.5 billion (2021), US$ 23.46 billion (Jan-Nov 2022)
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Major Trading Partners (Currency Unit billion)
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Italy - US$ 17.35 billion, Turkey - US$ 5.37 billion, Russia - US$ 3.26 billion, China - US$ 1.93 billion, India - US$ 1.86 billion, Israel - US$ 1.61 billion, Greece - US$ 1.38 billion, Germany - US$ 1.17 billion, Great Britain - US$ 1.00 billion, Croatia - US$ 0.96 billion, [Jan- Nov 2022]
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POLITICAL
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Head of State
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H.E. Mr. Ilham Aliyev, President of the Republic of Azerbaijan
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Prime Minister
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H.E. Mr. Ali Asadov, Prime Minister
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Minister of Foreign Affairs
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H.E. Mr. Jeyhun Bayramov, Minister of Foreign Affairs
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BILATERAL
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Bilateral Trade
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US$ 739 million (2021), US$ 1,859 million (Jan-Nov 2022)
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Indian Exports to Azerbaijan
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US$ 144 million (2021), US$ 196 million (Jan-Nov 2022)
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Indian Imports from Azerbaijan
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US$ 594 million (2021), US$ 1,663 million (Jan-Nov 2022)
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Major items of Export and Import
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The important items of direct and indirect imports from India to Azerbaijan are rice, oxides of aluminium, smart phones, drugs, mobile phones, ceramic tiles and paving, granite, mechanical spades and excavators, self-propelled earth-moving and tunnelling machines, containing other antibiotics, agricultural tractors and forestry tractors, vaccines, black tea etc. Major export products from Azerbaijan to India are crude oil. Other exports are urea, oil coke, iodine, raw silk (not thrown), acyclic ethers and lemonade (Jan-Oct 2022)
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Indian investment in Azerbaijan
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In March 2013, ONGC Videsh Ltd acquired shares worth US$ 1 billion in development project of the Azeri-Chirag-Gunashli (2.31%) oil field and the Baku-Tbilisi-Ceyhan pipe line (2.36%). ONGC Videsh signed new PSA on ACG oil field on 14 September 2017. Overall, Indian companies have invested more than US$ 1.2 billion in the Azerbaijani economy according to the Ministry of Economy of the Republic of Azerbaijan.
Over 675 Indian companies have been registered in Azerbaijan as of January 2022.
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Azerbaijan's investment in India
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Azerbaijani Investments in India was US$ 57.6 million as of 30 November 2022 by State Oil Fund of the Republic of Azerbaijan (SOFAZ).
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Indian Origin/PRs/Indian Students
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Indian Nationals: 1481
PIO: 124
Indian Students: 197
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Indian Diaspora (composition and any pertinent information that may be of interest)
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The Indian community in Azerbaijan comprises of about 1481 persons (as on May 2022), including professionals employed with international companies in the oil and gas sectors, businessmen engaged in commodities trading, catering and restaurant business and construction workers on short-term contracts.
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Indian Organizations
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Indian Association Azerbaijan (IAA), Baku Malayalee Association (BMA), Baku Tamil Sangham (BTA) and Azerbaijan Telugu Association (ATA) are active organizations which organize Indian cultural events.
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