BAKU: Azerbaijan is positioned as the seventh top destination for Foreign Direct Investment (FDI) globally in 2024, according to the annual FDI Standouts Watchlist research. The country’s consistent macroeconomic indicators significantly contributed to its standing as a prime choice for FDI on a global scale.
The FDI study, analyzing macroeconomic variables and FDI trends of the top 50 global FDI destinations, utilized data from the International Monetary Fund (IMF) and FDI Markets, the Financial Times’ cross-border investment monitoring service. This comprehensive analysis identifies countries entering the new year with robust macroeconomic indicators and impressive FDI growth rates.
Azerbaijan’s real GDP is projected to experience a 2.5 percent increase in 2024, according to the IMF. Cambodia leads the global ranking, maintaining high investment growth rates in 2024 due to rapid economic expansion, an anticipated 6.1 percent GDP increase, and successful trade relations with China and South Korea.
Kazakhstan, Azerbaijan’s Caspian region neighbor, secures the sixth position in the global FDI ranking for 2024. The top 10 list also includes the Philippines, Kenya, Iraq, Namibia, Morocco, Serbia, and India.
