Foreign direct investments in Azerbaijan’s non-oil and gas sector increase by 40 times

Elvin Jamalov
Author

The volume of foreign direct investments made in the non-oil and gas sector in Azerbaijan stood at $1.834 billion in 2022, up 40.4 times from $45 million in 2003, Report informs.

During the reporting period, the investment in fixed capital increased by 5.3 times to 20.3 billion manats ($11.94 billion).

From 2004 to September 30, 2023, the investments from all sources amounted to $318.9 billion, of which $197.8 billion was invested in the non-oil and gas sector. The investments from all sources in 2022 made up $17.1 billion, four times more than in 2003.

Investments made in the non-oil and gas sector from all sources amounted to $10.6 billion in 2022, which means an increase of 9.5 times compared to 2003.

Other News

Azerbaijan, Uzbekistan exchange experience in financial sector 23 October, 2026 / 14:50
Vugar Bayramov: Over last 6 years, GDP of Azerbaijan's Karabakh region grown fourfold 23 October, 2026 / 13:35
Subsidies to Azerbaijan's Nakhchivan to be reduced 6.4% in 2027 23 October, 2026 / 10:29
Azerbaijan to double upper limit for state guarantees 23 October, 2026 / 10:24
Azerbaijan to allocate over $240M to reserve funds in 2027 23 October, 2026 / 10:22
Azerbaijan plans 22.2% rise in health insurance fund allocations in 2027 23 October, 2026 / 10:05
Azerbaijan's consolidated budget deficit upper limit for 2027 down 4.9% 23 October, 2026 / 09:56
All 67 Azerbaijani cities and districts to cover own spending in 2027 23 October, 2026 / 09:48
Azerbaijan's draft 2027 state budget submitted to parliament 23 October, 2026 / 09:23
CBA currency exchange rates (23.10.2026) 23 October, 2026 / 09:20
Key indicators of world commodity, stock, and currency markets (23.10.2026) 23 October, 2026 / 09:09
Azerbaijan extends tax incentives for tech park residents to 20 years 22 October, 2026 / 21:31
ING: Azerbaijan's nominal GDP to exceed $81B by 2026 22 October, 2026 / 16:36
ING releases forecast for Azerbaijan's current account surplus through 2029 22 October, 2026 / 16:26
ING Group evaluates outlook for Azerbaijan's sovereign debt for 2026–2028 22 October, 2026 / 16:09
ING: Central Bank of Azerbaijan's forex reserves to reach $18.6B by 2026 22 October, 2026 / 15:59
ING: Non-oil sector to remain primary engine of Azerbaijan's economy in 2026–2028 22 October, 2026 / 15:56
ING: Azerbaijan's foreign trade surplus to exceed $11B in 2026 22 October, 2026 / 15:54
ING lowers inflation forecast for Azerbaijan for 2027 22 October, 2026 / 15:52
ING: Azerbaijan remains most resilient sovereign borrower in Caucasus, Central Asia region 22 October, 2026 / 15:51