BAKU, Azerbaijan, September 13. Investments in fixed capital in Azerbaijan grew from January through August 2022, Trend reports via the State Statistics Committee of Azerbaijan.
According to the committee, this figure amounted to 9.1 billion manat ($5.3 billion), up by 6.9 percent in annual terms.
Investments in the oil and gas industry in Azerbaijan decreased by 13.1 percent during the first eight months of 2021, compared to the same period of 2021, and in the non-oil sector - increased by 22.5 percent.
Meanwhile, 5.3 billion manat ($3.1 billion), or 58.2 percent of investments in fixed capital, fell in the production sector, 3.2 billion manat ($1.8 billion) or 36.1 percent - services, 518.7 million manat ($305.1 million) or 5.7 percent - on the construction of residential buildings.
A total of 6.6 billion manat ($3.8 billion) or 72.9 percent of the funds allocated to fixed capital, were spent on construction and installation work from January through August 2022.
In the total volume of funds directed to fixed capital, funds of enterprises and organizations amounted to 51 percent, budget funds – 34.5 percent, other funds - 4.4 percent, personal funds of the population - 7.2 percent, and bank loans – 2.9 percent.
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