BAKU, Azerbaijan, May 12. Investments in Azerbaijan's fixed assets from January through April 2023 amounted to 4.58 billion manat ($2.6 billion), which is 21.1 percent more than in the same period of 2022, the State Statistics Committee of Azerbaijan told Trend.
The committee noted that the volume of investments in the oil and gas sector increased by 25.8 percent, while non-oil industries grew by 18.5 percent.
At the same time, 57.2 percent of investments in fixed assets, or over 2.62 billion manat ($1.5 billion), fell on the production sector, while 37.2 percent (1.7 billion manat) - on the service sector, 5.6 percent (257.3 million manat or $151.3 million) - on the construction of residential buildings.
Meanwhile, 73 percent of investments (over 3.3 billion manat or $1.9 billion) directed to fixed assets were domestic funds.
Over 3.2 billion manat ($1.8 billion), or 71 percent of the funds allocated to fixed assets, were spent on construction and installation work during the specified period.
In the total amount of funds allocated to fixed assets, the funds of enterprises and organizations amounted to 47.1 percent, budget funds – 36.7 percent, personal funds of the population – 6.8 percent, other funds – 3.7 percent, and bank loans – 5.7 percent.
In 2022, investments in fixed assets totaled 18.2 billion manat ($10.7 billion), which is 5.5 percent more than in 2021.
