BAKU, Azerbaijan, November 14. Investments in fixed capital in Azerbaijan amounted to 14.2 billion manat ($8.3 billion) from January through October 2023, which is 17.1 percent more year-on-year, Trend reports.
The data of the State Statistics Committee of Azerbaijan shows that the volume of investments in the oil and gas sector increased by 15.4 percent and in non-oil sectors by 20.4 percent.
At the same time, 59 percent of investments in fixed capital (over 8.4 billion manat or $4.9 billion) went to the sphere of production, 35.8 percent (5.1 billion manat or $2.9 billion) - services, 5.2 percent (735.4 million manat or $432.5 million) - construction of residential houses.Domestic funds accounted for 77.4 percent of investments (over 11 billion manat or $6.4 billion) directed to fixed capital.
Construction and installation work spent over 10.4 billion manat ($6.1 billion) or 73.3 percent of the funds directed to fixed capital from January through October 2023.
In the total amount of funds directed to fixed capital, the funds of enterprises and organizations made 45.5 percent, budget funds - 40.8 percent, personal funds of population - 6.3 percent, bank loans - 2.5 percent, other funds - 4.9 percent.
Earlier in 2022, investments in fixed capital amounted to 18.2 billion manat ($10.7 billion), which is 5.5 percent more year-on-year.