Azerbaijan - Economic sectors

The main economic sectors are agriculture, industry, and construction, which have shown much improvement from foreign investment. Agriculture, about 90 percent privatized, represented 21.7 percent of GDP in 1999. Cotton was the leading crop; however, caviar production was world famous. Industry accounted for 23.6 percent of GDP in 1999, the main contributors to which were the

metallurgy and fuel industries. It was widely estimated that about 10 percent of the world's oil reserves were located in Azerbaijan and the Caspian Basin. In 1999, construction accounted for 9.4 percent of GDP.

User Contributions:

Comment about this article, ask questions, or add new information about this topic: