BAKU, Azerbaijan, November 14. Investments in fixed capital in Azerbaijan grew from January through October 2022, Trend reports on November 14 via the State Statistics Committee of Azerbaijan.
According to the committee, this figure amounted to 11.7 billion manat ($6.8 billion), up by 8.2 percent in annual terms.
Investments in the oil and gas industry in Azerbaijan decreased by 13.5 percent during the first 10 months of this year, compared to the same period of 2021, and in the non-oil sector - increased by 23.8 percent.
Meanwhile, 6.58 billion manat ($3.87 billion), or 55.9 percent of investments in fixed capital, fell on the production sector, 4.45 billion manat ($2.62 billion) or 37.9 percent - services, and 731.6 million manat ($430.3 million) or 6.2 percent - on the construction of residential buildings.
A total of nine billion manat ($5.3 billion) or 76.8 percent of the funds allocated to fixed capital from January through October 2022 were internal funds.
Besides, 8.6 billion manat ($5 billion) or 73.6 percent of the funds allocated to fixed capital, were spent on construction and installation work in the reporting period.
In the total volume of funds directed to fixed capital, funds of enterprises and organizations made up 49.2 percent, budget funds – 36.3 percent, other funds – 3.9 percent, personal funds of the population - 7.8 percent, and bank loans – 2.8 percent.