From January to July, the Azerbaijani economy received foreign investment equivalent to 3 billion 217 million 791.8 thousand manats (+ 44.7% to July 1 of the previous year), the State Statistics Committee said.
Traditional leaders were companies from the UK, investing mainly in the oil sector - 1 billion 30 million 207.7 thousand manats, or nearly one-third (32%) of all investments. In the second place were investors from Turkey who invested 456 million 570.5 thousand manats, which is 2.2 times more than the year before. This allowed them to overtake the "forever silver" Norwegians, on account of which was 387 million 148.8 thousand manats (minus 3.3%). Other investors invested immeasurably less money. --17D-
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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