BAKU, Azerbaijan, June 17. Azerbaijan has put its money where its mouth is, shelling out over 1 billion manat ($588.2 million) from investments in fixed capital for the construction of residential buildings from January through May 2025.
Data obtained by Trend from the State Statistical Committee indicates that this shows a whopping 68.8 percent jump compared to the same stretch in 2024, when the number was quite a bit on the low side.
To note, a total of 6.69 billion manat ($3.93 billion) was invested in fixed capital from all financial sources to support the development of Azerbaijan’s economic and social sectors from January through May 2025—representing a 0.8 percent decrease compared to the same period in 2024. While investments in the oil and gas sector declined by 21.9 percent, funding directed toward the non-oil and gas sector increased by 11.7 percent.
Of the total capital investment, 3.36 billion manat ($1.97 billion) (50.2 percent) was allocated to production sectors, 2.24 billion manat ($1.31 billion) (33.4 percent) to service sectors, and 1.1 billion manat ($647 million) (16.4 percent) to residential construction. The public sector accounted for 49.8 percent of total investment, while 50.2 percent came from private investors. Notably, 78.1 percent of total investments were directed toward construction and installation works, and 75.4 percent of all fixed capital investment originated from domestic sources.
Additionally, fixed capital investment from January through May 2025 was allocated as follows: 42.9 percent to industry, 23.5 percent to transport and warehousing, 22.2 percent to construction, and 2 percent to tourism accommodation and public catering. Smaller shares included 1.9 percent each for information and communication and education, 1.5 percent for agriculture, forestry, and fisheries, 1.4 percent for finance and insurance, 1 percent for public administration, defense, and social security, 0.7 percent for trade and vehicle repair, 0.4 percent each for health and social services as well as recreation, entertainment, and the arts, and 0.1 percent each for administrative support services and professional, scientific, and technical activities.
