BAKU, Azerbaijan, May 23. Investments in fixed capital in Azerbaijan amounted to 5.23 billion manat, or $3.07 billion, from January through April 2024, which is 11.8 percent more than the indicator of the corresponding period of 2023, Trend reports via the State Statistics Committee.
The data from the committee shows that the volume of investments in the oil and gas sector increased by 6.2 percent and in non-oil sectors by 15.2 percent.
At the same time, 54.1 percent of investments in fixed capital (over 2.828 billion manat or $1.66 billion) went to the production sector, 37.8 percent (1.979 billion manat or $1.16 billion) to the services sector, and 8.1 percent (422.2 million manat or $2.48 million) to the construction of residential buildings. 80.5 percent of investments (over 4.21 billion manat or $2.47 billion) directed to fixed capital were domestic funds.
Over 3.687 billion manat ($3.68 billion), or 70.5 percent, of the funds directed to fixed capital were spent on construction and installation works during the mentioned period.
To note, in 2023, investments in fixed capital amounted to 20.296 billion manat, or $11.9 billion, which is 9.8 percent more than the figure for 2022.