The Investment Appeal of Azerbaijan and Uzbekistan
In 2024, Azerbaijan reaffirmed its reputation as a stable and predictable economy, with a GDP of $74.3 billion and a per capita GDP of $7,283. The country attracted $7.05 billion in foreign direct investment, including $468 million in the oil and gas sector. At the same time, Azerbaijan is actively reducing its reliance on resource-based revenues: non-oil industry grew by 11.2%, non-oil exports reached $3.4 billion, and the ICT sector expanded by 12.2%. Agriculture and tourism are also gaining momentum.