Azerbaijan’s investment landscape expands with rising foreign participation
While many emerging economies struggle to maintain investor interest, Azerbaijan has recorded solid investment growth across multiple sectors. The distribution of capital in 2025 underscores a shift toward balanced development and broader sectoral engagement. Recent data shows that capital is steadily gravitating toward non-oil sectors, reinforcing the state’s broader diversification strategy.
Azerbaijan’s economy continued to attract substantial investment in 2025, driven by both domestic capital and growing foreign participation in the country’s economic transformation. Data from the State Statistics Committee shows that 16,658.9 million manats (approximately US$ 9.8 billion) was invested in fixed capital across economic and social sectors in January–November 2025, marking a continued commitment to expansion and diversification.
Of this total, 4,717.5 million manats (roughly US$ 2.8 billion) was allocated to the oil and gas sector, while 11,941.4 million manats (around US$ 7.0 billion) flowed into the non-oil and gas economy. Within the latter, 2,107.2 million manats (about US$ 1.24 billion), equivalent to 12.6 percent of all investments, was directed specifically to non-oil and gas industrial activities, illustrating a notable shift toward diversified sectors such as manufacturing, services and construction.
Foreign investment also showed strong momentum. In the first 11 months of 2025, 3,592.6 million manats (approximately US$ 2.1 billion) originated from foreign countries and international organizations, an increase of more........





















Toi Staff
Sabine Sterk
Gideon Levy
Penny S. Tee
Waka Ikeda
Mark Travers Ph.d
John Nosta
Daniel Orenstein
Grant Arthur Gochin