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Foreign direct investment from Germany to Azerbaijan declines

Finance Materials 19 June 2024 07:36 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, June 19. Foreign direct investment (FDI) from Germany to Azerbaijan stood at $2.7 million in the first quarter of 2024, Trend reports.

Calculations based on data from the Central Bank of Azerbaijan show that this figure decreased by 72.26 percent ($7.05 million) year-on-year.

The share of FDI from Germany in total FDI in Azerbaijan made up 0.2 percent.

Meanwhile, FDI from Azerbaijan to the German economy amounted to $7.28 million (a decline of 29.26 percent and a share of 2.2 percent).

To note, FDI from Germany in Azerbaijan amounted to $26.5 million, and from Azerbaijan in Germany, 39.49 million manat ($23.2 million) in 2023.

FDI in Azerbaijan's economy amounted to $6.6 billion (6.1 percent growth) last year.

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