BAKU, Azerbaijan, September 12. Net financial assets decreased by $10 million in the first half of 2023, the Director of the Statistics Department of the Central Bank, Samir Nasirov said, Trend reports.
According to the report, the reduction in net financial assets was achieved due to an increase in portfolio investments in the amount of $500.6 million, as well as a decrease in foreign direct investment by $102.5 million and other investments by $408.1 million.
During the reporting period, net financial liabilities increased by $498.6 million due to an increase in the oil bonus of $450 million, attracted foreign direct investment by $2.9 billion, and other investments by $1.2 billion, as well as a reduction in the repatriation of attracted investments by $3.6 billion and portfolio investments by $582.3 million.
In general, net financial assets increased by $7.8 billion in 2022.
In addition, the total balance of Azerbaijan's balance of payments amounted to $9.3 billion in 2022, which is 3.1 times higher than the same indicator the year before.
The current account surplus in 2022 increased by 2.83 times compared to 2021, from $8.3 billion to $23.5 billion (29.8 percent of Azerbaijan's GDP).
