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Saturday March 22 2025

Azerbaijan's remittances from Qatar highlight shifting economic dynamics in S Caucasus

22 March 2025 19:58 (UTC+04:00)
Azerbaijan's remittances from Qatar highlight shifting economic dynamics in S Caucasus
Akbar Novruz
Akbar Novruz
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Qatar, with its burgeoning economy and deep financial reserves, has long been a crucial partner for Azerbaijan, both politically and economically. Yet, the recent surge in remittances signals something more: a growing financial interdependence between the two countries, fuelled by increasingly robust migration and labor ties. As Azerbaijan’s total remittances from abroad slumped by over a third in 2024, the growth of funds from Qatar provides a sharp contrast, pointing to Qatar’s increasing role as a vital source of income for many Azerbaijani families.

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