The Investment Appeal of Azerbaijan and Uzbekistan

Azerbaijan confirmed its status as a stable and predictable economy in 2024: GDP reached $74.3B, while GDP per capita amounted to $7,283. The volume of foreign direct investment reached $7.05B, including $468M in the oil and gas sector. At the same time, the country is actively reducing its dependence on raw materials: the non-oil industry grew by 11.2%, exports reached $3.4B, and the ICT sector expanded by 12.2%. Agriculture and tourism are on the rise.

Strong Growth Outlook

01
GDP Volume
GDP reached $74.3B, with $7,283 per capita in 2024.
02
Foreign Direct Investment
$7.05B in FDI attracted, confirming investor confidence.

Key Economic Indicators

$74.3 B
GDP 2024
$7.05 B
Foreign Direct Investment
$468 M
FDI in Oil & Gas Sector

Diversification Beyond the Oil Sector

  • Non-oil industry grew by 11.2% — the country is actively reducing dependence on raw materials.
  • Exports reached $3.4B due to the growth of non-resource sectors.
  • The ICT sector expanded by 12.2% — one of the fastest-growing segments.
  • Agriculture and tourism are on the rise, creating new growth opportunities.

Azerbaijan is consistently diversifying its economy: the non-oil sector is growing at an accelerated pace, while $7.05B in FDI confirms strong confidence from international investors.

The development of ICT, agriculture, and tourism opens new investment opportunities beyond the traditional oil and gas sector.