Azerbaijan and Tajikistan Discuss Agricultural Cooperation in Baku

The Federation of Chambers of Commerce of the Gulf Cooperation Council (GCC) will organize the second Economic Forum "Gulf-Azerbaijan" in Baku on September 25-26, aiming to strengthen trade relations between the Gulf countries and Azerbaijan.

For the first time since the onset of Russia's full-scale war against Ukraine, Russian President Vladimir Putin has made an official state visit to Baku, underscoring a renewed focus on strengthening economic ties. The visit, marking a significant diplomatic engagement, primarily focused on expanding cooperation in the energy sector, as noted by economist Gubad Ibadoglu.

Azerbaijan's GDP per capita sharply increased by 14.2% in the first half of 2024, reaching $4,068, according to the country's latest economic data. This surge occurred against the backdrop of steady nominal GDP growth, which reached 70.544 billion manats (approximately $41.5 billion) from January to June 2024. As of July 2024, Azerbaijan's population stood at 10.2 million, providing additional context for the per capita growth figures.

In recent decades, Azerbaijan has seen its population steadily increase, with 2024 marking yet another year of modest growth. As of June 1, 2024, the country's population has reached 10,197,146, a rise of 16,376 people or 0.2% since the start of the year. However, despite this gradual uptick, experts warn that by the end of the century, the population trend could take a sharp downward turn. By 2100, the number of residents in Azerbaijan is projected to drop to 9.2 million—and possibly as low as 6.2 million, according to some grim forecasts.