In H1 2025, Azerbaijan’s net financial assets grew by $3 billion, driven by direct ($0.5 billion), portfolio ($1 billion), and other ($1.5 billion) investments abroad. Net financial liabilities rose by $230 million, mainly due to an oil bonus ($450.2 million) and other investments, offset by outflows in direct ($195.8 million) and portfolio ($24.9 million) investments.
