BAKU, Azerbaijan, December 12. Azerbaijan's investments in fixed capital amounted to 15.9 billion manat ($9.3 billion) from January through November 2024, which is 3.8 percent less than the figure for the corresponding period of 2023.
Data obtained by Trend from the country's Statistical Committee indicates that the volume of investments in the oil and gas sector decreased by 9 percent, while in non-oil sectors it decreased by 1.1 percent.
Meanwhile, 51.2 percent of investments in fixed capital (over 8.14 billion manat ($4.7 billion)) went to the sphere of production, 35.3 percent (5.61 billion manat ($3.3 billion)) to the sphere of services, and 13.5 percent (2.15 billion manat ($1.2 billion)) to the construction of residential houses.
In terms of total investment, domestic investments directed toward fixed assets totaled 13 billion manat ($5.3 billion), accounting for 82.1 percent of the total investments.
Additionally, 11.4 billion manat ($6.7 billion), or 71.9 percent of the investments, were directed towards construction and installation activities.