The Republic of Azerbaijan is located on the southern edge of the Caucasus Mountains in Transcaucasia, and borders Iran to the south, Armenia to the west, Georgia to the northwest, Russia to the north and the Caspian Sea to the east.
Azerbaijan’s economy expanded in the first half of 2018, with revived output in the services sector due to improved terms of trade. Azerbaijan’s economic performance should strengthen, helped by natural gas exports and a moderate acceleration in domestic demand.
