The Economy of Azerbaijan

Azerbaijan’s official currency is the Manat.

Azerbaijan’s economy is in a transitional state since the country declared its independence from the Soviet Union.

Azerbaijan’s economy is strong and has good potential for the future.

Azerbaijan’s petroleum and natural gas reserves are enormous. It also has well-diversified agricultural and industrial sectors.

Azerbaijan also has an abundance of other natural resources, such as lead, iron, copper minerals and construction materials such as marble and limestone. Azerbaijan exports besides oil and natural gas, chemical products, machinery, cotton, iron and steel.