International organization participation: BSEC, CCC, CE (guest), CIS,
EBRD, ECE, ECO, ESCAP, FAO, IBRD, ICAO, IDA, IDB, IFAD, IFC, IFRCS,
ILO, IMF, IMO, Intelsat, Interpol, IOC, ITU, NACC, NAM (observer),
OIC, OSCE, PFP, UN, UNCTAD, UNESCO, UNIDO, UPU, WFTU, WHO, WIPO, WMO,
WTrO (observer)
Diplomatic representation in the US: chief of mission: Ambassador Hafiz Mir Jalal PASHAYEV chancery: (temporary) Suite 700, 927 15th Street NW, Washington, DC 20005 or P. O. Box 28790, Washington, DC 20038-8790 telephone : [1] (202) 842-0001 FAX: [1] (202) 842-0004
Diplomatic representation from the US: chief of mission: Ambassador Richard D. KAUZLARICH embassy: Azadliq Prospekti 83, Baku mailing address : use embassy street address telephone: [9] (9412) 96-03-35 FAX: [9] (9412) 96-04-69
Flag description: three equal horizontal bands of blue (top), red, and green; a crescent and eight-pointed star in white are centered in red band
Economy
Economy - overview: Azerbaijan is less developed industrially than either Armenia or Georgia, the other Transcaucasian states. It resembles the Central Asian states in its majority nominally Muslim population, high structural unemployment, and low standard of living. The economy's most prominent products are oil, cotton, and gas. Production from the Caspian oil and gas field has been in decline for several years, but the November 1994 ratification of the $7.5 billion oil deal with a consortium of Western companies should generate the funds needed to spur future industrial development. Azerbaijan shares all the formidable problems of the ex-Soviet republics in making the transition from a command to a market economy, but its considerable energy resources brighten its long-term prospects. Baku has only recently begun making progress on economic reform, and old economic ties and structures are slowly being replaced. A major short-term obstacle to economic progress, including stepped up foreign investment, is the continuing conflict with Armenia over the ethnic Armenian-dominated region of Nagorno-Karabakh. Trade with Russia and the other former Soviet republics is declining in importance while trade is building up with the nations of Europe, Turkey, Iran and the UAE.
GDP: purchasing power parity - $11.9 billion (1996 estimate as extrapolated from World Bank estimate for 1994)
GDP - real growth rate: 1.2% (1996 est.)
GDP - per capita: purchasing power parity - $1,550 (1996 est.)
GDP - composition by sector: agriculture: 26% industry : 30% services: 44% (1995 est.)