BAKU, Azerbaijan, March 29. The volume of foreign direct investments (FDIs) from Azerbaijan to other countries amounted to $3.1 billion in 2023, Director of the Statistics Department of the Central Bank of Azerbaijan (CBA) Samir Nasirov said during a media briefing, Trend reports.
According to Nasirov, $1.87 billion of this amount fell on net investments.
"The top three countries in terms of FDIs from Azerbaijan include Türkiye - $1.8 billion, the US - $311 million, and the UK - $157 million," he noted.
To note, FDIs in the economy of Azerbaijan last year amounted to $6.65 billion (a growth of 6.1 percent). In the first quarter, FDI inflows into the country's economy amounted to $1.5 billion , in the second quarter - $1.47 billion , in the third quarter - $1.39 billion, and in the fourth quarter - $2.28 billion.
The top five countries leading in FDI inflows into the economy of Azerbaijan are the UK ($1.85 billion), Türkiye ($1.3 billion), Cyprus - $791.59 million, Russia - $617.3 million, and Iran ($395.98 million).
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