Foreign direct investment in Azerbaijan's economy reached $7B in 2024

In 2024, foreign direct investment (FDI) in Azerbaijan's economy totaled $7 billion, while investment repatriation amounted to $7.3 billion, Samir Nasirov, Director of the Statistics Department at the Central Bank of Azerbaijan, said during a briefing, according to Report.

Nasirov said the top investors in Azerbaijan’s economy for the year included the UK ($1.8 billion), Türkiye ($1.2 billion), Hungary ($1 billion), Cyprus ($746 million), and the UAE ($490 million).

Meanwhile, Azerbaijan’s FDI abroad reached $1.8 billion. The top five countries receiving Azerbaijani investments were the UAE ($458 million), Türkiye ($249 million), Georgia ($165 million), the UK ($111 million), and Uzbekistan ($93 million).