UNCTAD: Kazakhstan pioneers attracting investments in post-Soviet space

The United Nations Conference on Trade and Development (UNCTAD) issued a report on global investments for 2022. According to the report, the net flow of foreign direct investment to Kazakhstan was $6.1 billion, the highest in the world. The last five years and 83% higher than in 2021. This is the highest indicator among post-Soviet countries.

In terms of net FDI inflows, Kazakhstan ranks first in the post-Soviet region. Followed by Uzbekistan with $2.5 billion, Lithuania with $2.2 billion, Georgia with $2 billion, Belarus with $1.6 billion, Latvia with $1.5 billion, Estonia with $1.2 billion, Turkmenistan with $936 million, Ukraine with $848 million, Moldova with $587 million and Armenia with $366 million. Kyrgyzstan is $291 million and Tajikistan is $174 million. Azerbaijan and Russia ranked last on the list, showing negative results – $1.7 billion and $18.7 billion, respectively.

It is important to note that net FDI inflows into Central Asia increased by 39% and reached $10 billion, with Kazakhstan accounting for 61% of that.

Moreover, there is a 6% growth in net FDI inflows to 32 landlocked developing countries, including Kazakhstan also in the lead. It is followed by Ethiopia with $3.7 billion, Uzbekistan with $2.5 billion and Mongolia with $2.5 billion.

In addition, Kazakhstan ranks fifth among developing economies in terms of attracting net investments in renewable energy projects during 2015-2022, totalling $56.3 billion.