WB updates outlook for foreign direct investment in Azerbaijan

The World Bank forecasts that net foreign direct investment in Azerbaijan will decrease by 1.7% of gross domestic product (GDP) this year, Report informs, citing the Bank.

In 2023-2024, net foreign direct investment is expected to decrease by 1.2% compared to the GDP.

A WB report on Europe and Central Asia published in October last year predicted that the ratio of foreign direct investment in Azerbaijan's economy to GDP would decline by 0.6% between 2022 and 2023.

Over the past ten years, foreign direct investment in the country's economy has amounted to $ 57 billion.