Baku, Azerbaijan, March 31. Direct foreign
investments in Azerbaijan’s economy grew by 5.8 percent, or $388
million, reaching a total of over $7 billion, compared to the
previous year.
Data obtained by Trend from the Central Bank of Azerbaijan indicates
that the UK was the largest investor in Azerbaijan’s economy, with
investments amounting to $1.75 billion, a decrease of 5.9 percent
or $109 million compared to the previous year.
Türkiye came in second place, raking in $1.2 billion in
investments, though it took a bit of a hit with a 6.4 percent drop,
which translates to $83.4 million less in the pot. Hungary snagged
the bronze medal, with direct foreign investments skyrocketing by a
whopping 5.1 times, or $821.2 million, hitting the $1 billion
mark.
The full list of the top 10 countries investing in Azerbaijan’s
economy in 2024 is as follows:
| Country | Amount (USD) | Share (Percentage) |
| United Kingdom | $1.74 billion | 24,8 |
| Türkiye | $1.21 billion | 17,3 |
| Hungary | $1.01 billion | 14,5 |
| Cyprus | $746.7 million | 10,6 |
| United Arab Emirates | $490.1 million | 7,0 |
| Islamic Republic of Iran | $371.4 million | 5,3 |
| Japan | $241.4 million | 3,4 |
| Russian Federation | $234.3 million | 3,3 |
| United States | $149.8 million | 2,1 |
| Norway | $136.7 million | 1,9 |