49 billion dollars invested in Azerbaijan's economy since Karabakh War
Investments in Azerbaijan's economy have reached $49 billion over the last six years, according to the country's Deputy Minister of Economy.
Investments in Azerbaijan's economy have reached $49 billion over the last six years, according to the country's Deputy Minister of Economy.
This year, the World Bank allocated approximately $100 million to develop Azerbaijan's economy, with its program covering support for the Middle Corridor project and digitalization efforts.
In the first nine months of the current year, the value of exports from Azerbaijan's non‑oil and gas sector rose by more than 20% compared to the previous year
Azerbaijan's Economy Ministry has forecast further growth for the non‑oil and gas sector, projecting its share of GDP will reach 82% by 2030.
Fruit and vegetable exports from Azerbaijan this year reached $640 million, accounting for 3% of the country's total exports.
According to Moody's, a sustained normalisation of relations between Baku and Yerevan will create new trade conditions and strengthen stability in the South Caucasus.
Trade with Georgia accounted for approximately 2% of Azerbaijan's total foreign trade turnover
Cotton fibre and yarn exports generated nearly $170 million for Azerbaijan this year.
Azerbaijan's President Ilham Aliyev has reported that trade between Azerbaijan and Uzbekistan tripled last year and continued to grow by 33% in the first half of 2026.
Oil exports via the Baku–Tbilisi–Ceyhan pipeline fell by 8.5% this year, with 14.7 million tonnes transported through the route.
Azerbaijan transited more than 9 million tonnes of cargo in the first seven months of 2026, the highest figure in five years.
Azerbaijan significantly increased its exports of products from non-oil sectors, reaching $2.5 billion.
Trade turnover between Azerbaijan and Georgia rose by 45% in the first half of the year, reaching $575 million.
Azerbaijan's exports to CIS countries increased by 18% in the first half of the year, with the total value exceeding $1 billion.
Today, President of Azerbaijan Ilham Aliyev laid the foundation stone for the Hakarichay Reservoir in Lachin, according to the press office of the President of Azerbaijan.
Azerbaijan needs to accelerate the diversification of its economy, and tourism could become one of the key sources of sustainable growth in the long term, the World Bank’s Regional Director for the South Caucasus, Rolande Pryce said at the event “Unlocking Tourism's Potential to Drive Economic Growth and Diversification.”
Azerbaijan has established itself as a strategic hub connecting the East and West, and the North and South, President of the Black Sea Trade and Development Bank (BSTDB) Serhat Köksal said during the BSTDB business forum in Baku.
Since the start of the year, Azerbaijan's foreign exchange reserves have grown by 14%, surpassing $13 billion, the Central Bank reported
The parties discussed expanding ties in trade and tourism
Officials from Azerbaijan's and Pakistan's economic ministries held talks on boosting trade and investment, and also discussed ways to broaden business community contacts.