Azerbaijan’s economy is now significantly dependent on tourism

Published on : Friday, December 28, 2018

Creative solutions are often born out of crisis. Dependence on oil, which is Azerbaijan’s primary historical export commodity, the country’s relatively newly independent economy, battered by market fluctuations, a devaluated currency, and evaporating fossil fuel revenues, experienced a wake-up call a few years ago with assumption about the threat of the next potential global financial crash.

Azerbaijan’s touristic potential is truly phenomenal. From the Caspian Sea shoreline to the hiking and ski trails in the Caucasus Mountains, the fascinating East-meets-West vibe, the richly textured gastronomical scene, the country is a delight for tourists from all over the world.

In May of this year, the government established the State Tourism Agency and Board, which is a dedicated official tourism promotion body. Presently, tourism in Azerbaijan is being marketed as an internationally competitive tourism destination where travelers can get to access extraordinary experiences.

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