BAKU, Azerbaijan, June 22
By Sadraddin Aghjayev - Trend:
The volume of foreign capital in the Azerbaijani economy has grown 4.3 times over the past ten years, Trend reports on June 22 with reference to the UN Conference on Trade and Development (UNCTAD) World Investment Report 2021.
The volume of foreign capital in the country's economy reached $32.8 billion in 2020.
The volume of capital of Azerbaijani residents abroad is $26.8 billion (increase of 4.6 times over the past 10 years).
The report stressed that Azerbaijan ranks sixth among the countries with transition economies in terms of the volume of foreign capital in the economy.
In accordance with report, as opposed to other leading countries, Russia’s volume of foreign capital decreased by 3.8 percent over the past ten years.
The countries with the smallest share of foreign capital in the economy are Tajikistan ($3.1 billion), Kyrgyzstan ($4.2 billion) and Moldova ($4.8 billion).
All CIS countries, as well as Ukraine, Georgia, Albania, Bosnia and Herzegovina, Montenegro, Serbia and North Macedonia are among the countries with transition economies.
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