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Investments in Azerbaijan's economy to increase - Standard & Poor's

Finance Materials 25 January 2021 18:20
Investments in Azerbaijan's economy to increase - Standard & Poor's

BAKU, Azerbaijan, Jan. 25

By Zeyni Jafarov – Trend:

Investments in the Azerbaijani economy are envisaged at the level of 21.7 percent of GDP in 2021, Trend reports with reference to the report of the Standard & Poor's (S&P) international rating agency.

In 2022, the ratio of investment to GDP will be 21.2 percent, and in 2023-2024 - 20.6 percent.

S&P also expects investment growth in the Azerbaijani economy in 2021 by 2.1 percent, in 2022-2023 - by 2 percent, and in 2024 - by 1.5 percent.

By the end of 2020, over 17 billion manat ($10 billion) was invested in the Azerbaijani economy, which turned out to be 8.3 percent more than in 2019.

Standard & Poor's noted that strong budget indicators and a significant external position of Azerbaijan's net creditor will remain the main factors positively affecting the rating.

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