BAKU, Azerbaijan, April 9. Investment in fixed capital amounted to 3.8 billion manat ($2.2 billion) from January through March 2024, which is four percent more than the figure for the corresponding period of 2023, Trend reports.
According to the State Statistics Committee of Azerbaijan, the volume of investments in the oil and gas sector increased by 2.7 percent and in non-oil sectors by 4.8 percent.
Meanwhile, 55.7 percent of investments in fixed capital (over 2.1 billion manat ($1.2 billion)) went to the sphere of production, 38.2 percent (1.4 billion manat ($823,000)) - services, and 6.1 percent (233.5 million manat ($137.3 million)) - the construction of residential houses. Internal funds accounted for 79.4 percent of investments (over 3 billion manat ($1.7 billion)) directed to fixed capital.
More than 2.6 billion manat ($1.5 billion), or 70.4 percent of funds directed to fixed capital, were spent on construction and installation works in the mentioned period.
To note, investments in fixed capital amounted to 20.2 billion manat ($11.8 billion) in 2023, which is 9.8 percent more than the figure for 2022.
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