BAKU, Azerbaijan, December 12. Fixed capital investments in Azerbaijan totaled 15.7 billion manat ($9.2 billion) from January through November 2023, representing a 16.5 percent increase year on year, Trend reports, referring to the country's State Statistics Committee.
According to committee data, the volume of investments in the oil and gas industry climbed by 24.7 percent, while non-oil industries increased by 12.5 percent.
At the same time, 59.9 percent of fixed capital investments (nearly 9.4 billion manat or $5.5 billion) were in the production sector, 35 percent (5.49 billion manat or $3.2 billion) in services, and 5.1 percent (805 million manat or $473.5 million) in residential housing construction.
Domestic funds made up 77.6 percent of fixed-capital investments (more than 12 billion manat, or $7 billion).
From January to November of this year, construction and installation activity spent about 11.46 billion manat ($6.7 billion), or 72.9 percent of the money dedicated to fixed capital.
In the total amount of funds directed to fixed capital, the funds of enterprises and organizations made up 46.1 percent, budget funds made up 40.5 percent, personal funds of the population made up 6.3 percent, bank loans made up 2.5 percent, and other funds made up 4.6 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.
