BAKU, Azerbaijan, June 10. According to the results for first-quarter 2022, foreign direct investment (FDI) in Azerbaijan increased by 28.6 percent compared to the same period last year - up to $1.8 billion, Trend reports citing the Central Bank of Azerbaijan (CBA).
According to CBA, the share of the oil and gas sector in FDI amounted to 59.5 percent.
The total amount of FDI attracted to the non-oil sector is estimated at $735.2 million (an increase of 4.9 times over the year), CBA said.
Azerbaijan's balance of payments amounted to $1.5 billion, which is 4.8 times higher than the same period last year.
The current bank account surplus increased by $3.3 billion from January through March 2022 compared to the first quarter of last year, or 6.2 times - from $627.7 million to $3.9 billion (22.4 percent of Azerbaijan's GDP).