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Foreign direct investment in Azerbaijan's economy revealed

Economy Materials 12 September 2024 11:34 (UTC +04:00)
Foreign direct investment in Azerbaijan's economy revealed
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 12. Foreign direct investment (FDI) in the Azerbaijani economy amounted to around $3 billion during the first half of 2024, Director of Statistics Department at the Central Bank of Azerbaijan (CBA) Samir Nasirov said during a media briefing in Baku today, Trend reports.

According to him, the indicator for the year decreased by 0.04 percent.

“The top five leading countries in terms of FDI in Azerbaijan's economy include Great Britain - $913.2 million; Türkiye - $622.5 million; Cyprus - $372.8 million; the UAE - $236.8 million; and Iran - $183.9 million," he noted.

Nasirov mentioned that the top 10 countries in terms of direct investment in Azerbaijan are Japan - $124.2 million, Hungary - $92.2 million, Norway - $70.6 million, the US - $64.04 million, and Russia - $62.7 million.

To note, the foreign direct investment (FDI) in Azerbaijan's economy amounted to $6.6 billion in 2023 (6.1 percent growth).

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