ANALYSIS AND TRENDS OF THE LEVEL OF ECONOMIC DEVELOPMENT OF AZERBAIJAN

Azerbaijan has been constantly strengthening and developing rapidly since independence. Successful economic policy supply, stability in the macroeconomic development of Azerbaijan was ensured, economic growth rates were achieved, which for a long time could not be achieved by many developing countries. Today, as a result of breakthrough development and numerous achievements in the economy, Azerbaijan has entered a qualitatively new economic stage - the era of modernization. The path to such economic development was not easy. In the first years of its independence, the Azerbaijani state faced many political and economic crises. Only after the return to power of the great leader Heydar Aliyev did a turning point come in the development of the country. Thus, since Azerbaijan was part of the Soviet Union for a long time, the economy of Azerbaijan developed within the framework of a single space. With the collapse of the Soviet Union, processes of disintegration began between the union republics, which worked together in a planned socialist system. In the countries that gained state independence, including Azerbaijan, the foundation was laid for a new historical stage - the transition period. Our article mainly reflects the stages of development of the Azerbaijani economy in this transitional period and in the subsequent period. Economic development was studied and analyzed in stages. At the same time, this analysis was compared in the form of statistical indicators and reflected in the article. It is also clear from research and analysis that the economy of Azerbaijan developed rapidly after gaining independence. Keywords: Azerbaijan, economy, indicator, oil, economic growth, GDP, social, banking, interest.