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THE CAUCASUS ECONOMIC AND SOCIAL ANALYSIS JOURNAL  [2017]

Садагат Ибрагимова

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Minimizing dependence on oil, Azerbaijan uses its natural resources, gains success in diversification in economics. Main branches in the non-oil sector in Azerbaijan are agriculture, tourism, informational-communication technologies and so on. Rapid development of tourist infrastructure brings big profit in the direction of non-oil sector. At present this sector forms about 70% of GDP. This is a good index of diversification.

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THE CAUCASUS ECONOMIC AND SOCIAL ANALYSIS JOURNAL