BAKU, Azerbaijan, December 15. Foreign direct investment (FDI) in Azerbaijan totaled $4.6 billion, Trend reports citing the Central Bank of Azerbaijan (CBA).
According to the bank, the FDI increased by 24.9 percent compared to the same period of the previous year (against $3.6 billion in 2021).
The share of the oil and gas sector in FDI amounted to 69.8 percent.
The total amount of FDI attracted to the non-oil sector is estimated at $1.4 billion (an increase of 2.4 times over the year), CBA said.
According to the CBA, the top five countries in terms of FDI in the economy of Azerbaijan are as follows: the United Kingdom - $1.26 billion (up by 2.5 percent), Türkiye - $751.684 million (up by 41.8 percent), Cyprus - $618.469 (2.7 times more), Russian Federation - $377.687 million (10.5 times more), and Iran - $256.255 (up by 22.4 percent).
The current account surpluses of Azerbaijan from January through September 2022 totaled $7.6 billion, which is 3.1 times higher than the same rate of the previous year.
The current account surplus from January through September 2022 increased 4.5 times compared to the same period in 2021 - from $3.9 billion to $17.71 billion (30.7 percent of Azerbaijan's GDP).