Azerbaijan posts $4.06B capital outflow in January–September

Azerbaijan recorded a negative balance of $4.069 billion in its capital and financial account in January–September, reflecting net capital outflows from the country, Report informs, citing the Central Bank of Azerbaijan (CBA).

Speaking at a press conference at the CBA, Samir Nasirov, director of the bank's Statistics Department, said that over the nine-month period Azerbaijan's net financial assets increased by $4.479 billion, while net financial liabilities rose by $415.9 million.

During this period, the country posted a net deficit of about $1.2 billion in foreign direct investment (FDI), Nasirov noted. Azerbaijan attracted $4.7 billion in FDI into its economy, while capital repatriation from the country amounted to $5 billion.