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About: Investments of Azerbaijan     Goto   Sponge   NotDistinct   Permalink

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After the restoration of independence, economically, the years after the independence can be divided into two main periods in Azerbaijan. The period of 1991–1995 was characterized by economic chaos and regression. The period after 1996 is known for an increase in macroeconomic stability and dynamic economic development. Azerbaijan was upgraded by 18 points and ranked 51st among 133 countries and led the way among CIS countries in the World Economic Forum's (WEF) Global Competitiveness Report issued for 2009–2010. As stated in United Nations Conference on Trade and Development's (UNCTAD) report, Azerbaijan's direct investments abroad in 2016 totaled $533 million, significantly up from $232 million in 2010.