Azerbaijan: Inclusive Growth in a Resource-Rich Economy - Paperback

by Harun Onder (Author)

Azerbaijan experienced a "golden age" in the last decade, during which the average growth rate reached record high levels and poverty decreased significantly. On average, the economy grew by 15.3 percent per year in real terms during this period. As a result, poverty declined dramatically from 49.6 percent in 2001 to 15.8 percent in 2008.