This article discusses and analyzes recent trends and tendencies about growth patterns and diversification issues of the non-oil export sector in Azerbaijan. Despite the fact that Azerbaijan has enjoyed from the energy projects since its establishment as an independent state in 1991, there is a need for the development of non-oil export sectors to achieve the sustainable development of national economy. Therefore, economic diversification has become a vital issue for Azerbaijan. The government of Azerbaijan has adopted strategic roadmaps since 2016 that have prioritized the development of agriculture, small and medium-sized businesses, as well as the establishment regional transport corridors to diversify export revenues of Azerbaijan and foster lasting growth. However, this article mentions that the reforms must be continued consistently as Azerbaijan's national economy has a still strong reliance on the energy resources, namely crude oil. 

 

Keywords: Economic Diversification, Non-oil sector, Tourism, Logistics, Business development 

 

JEL classification: F11, F14, F41, F43.