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About: Economic development in Azerbaijan     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : owl:Thing, within Data Space : dbpedia.org:8891 associated with source document(s)

The economy of Azerbaijan has gone through different stages of rapid growth, stability, and crisis. In general, economy of Azerbaijan, besides field-wise classification, can be divided into three categories: 1. recession period, covering 1992–1995, right after Azerbaijan restored its independence after the USSR collapsed, 2. recovery, from 1996 to 1997, mainly because of increased oil sales, potential oil contracts, partners, and pipelines, 3. boom, from 1998 till 2008, and finally, an economic fall, starting from 2009.