As a result of recent reforms, the business environment in Azerbaijan has significantly improved. This is acknowledged by several international organizations. According to the new ranking, Azerbaijan ranks 34th out of 190 countries in the World Bank's Doing Business program related to business climate, the investment climate and the reforms.
Besides, Azerbaijan is among the top 10 most reformist countries. Furthermore, the well-known Heritage Foundation has also published a rating table related to economic freedoms, and Azerbaijan ranked 44th in the world for the index of economic freedoms, in 2021. The economy of Azerbaijan continues to benefit from greater economic freedom. The country’s overall score in 2021 crossed the threshold into the mostly free category. Azerbaijan ranks 9th in fiscal health and 27th in Business Freedom.