BAKU, Azerbaijan, June 13. Azerbaijan’s fixed capital investments amounted to 4.9 billion manat ($2.89 billion) from January through May 2022, decreasing by 3.2 percent against the same period of 2021, Trend reports referring to Azerbaijan’s State Statistical Committee.
In the reporting period, investments in the oil and gas industry dropped by 23.6 percent, while in the non-oil sector increased by 14.6 percent compared to the first five months of 2021.
Meanwhile, 57.6 percent of fixed investments, or 2.8 billion manat ($1.6 billion), fell on manufacturing, 36.6 percent (1.79 billion manat, or $1.05 million) – on services, 5.8 percent (286.9 million manat, or $168.8 million) – on the construction of residential houses, and 74.4 percent (3.6 billion manat, or $2.15 billion) accounted for internal funds.
Some 3.5 billion manat ($2.07 billion), or 71.9 percent of the funds allocated to fixed assets, was spent on construction and installation work during this period.
Funds of enterprises and organizations amounted to 52 percent out of the total fixed capital funds, while budgetary funds totaled 34.4 percent, other funds – 5.1 percent, personal funds of the population – 6.8 percent, as well as bank loans – 1.7 percent in total.