Burj Khalifa

Azerbaijan vs UAE: Comparing the Oil-rich Countries' GDP and Living Standards

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Have you read the recent article on NYTimes about Azerbaijan's ambitious plan to become famous? Azerbaijan, like UAE, is an oil-rich country with aspirations for growth and development. In this post, we will compare the GDP and living standards of Azerbaijan and UAE to see how they compare. Using data from the World Bank, we can see that in 2011, the GDP of Azerbaijan was 63.4 billion USD while the GDP of UAE was 360.2 billion USD. The GDP per capita in Azerbaijan was 6.911 thousand USD and…