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Quartz: Azerbaijan most economically normal place on Earth

29 April 2017 11:07 (UTC+04:00)
Quartz: Azerbaijan most economically normal place on Earth

By Trend

Azerbaijan, situated at the crossroads of Asia and Europe, is the most economically normal place on earth, says a report published by Quartz (qz.com) Apr. 28.

Quartz measured how similar 156 countries are to the global economic average according to five key metrics – GDP per capita, unemployment rate, government spending, inflation and trade – and no country resembled the world quite so closely as Azerbaijan.

On every metric but trade, Azerbaijan is among the top quarter of countries in terms of similarity to the global economy, Quartz said.

In addition to these measures, Azerbaijan is almost exactly like the world in terms of life expectancy – 71.7 for the world and 70.9 for Azerbaijanis – and urbanization – 53.9 percent of all people live in urban areas, compared with 54.6 percent in Azerbaijan.

Quartz said the three least-normal countries in the world are poor and inflation-ridden: Ukraine, Yemen, and Sudan. Rich and trade-heavy economies like Singapore, Qatar, and Hong Kong are also very far from the global norm.

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