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Azerbaijan reveals volumes of foreign direct investment in its economy

Economy Materials 15 December 2023 10:47 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 15. Foreign direct investment (FDI) in the Azerbaijani economy from January through September 2023 amounted to $4.5 billion, Director of the Statistics Department of the Central Bank of Azerbaijan Samir Nasirov said during a media briefing, Trend reports.

“The top five leading countries in terms of FDI in the Azerbaijani economy are the UK at $1.4 billion, Türkiye at $872 million, Cyprus at $593 million, Iran at $296 million, and Russia at $295 million,” he noted.

Direct foreign investments in Azerbaijan amounted to $6.275 billion in 2022 (year-on-year growth of 30.9 percent).

The total balance of payments in Azerbaijan amounted to $9.375 billion in 2022, which is 3.1 times higher than the same indicator from the year before.

The current account surplus in 2022 increased 2.83 times compared to 2021, from $8.3 billion to $23.5 billion (29.8 percent of Azerbaijan's GDP).

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