BAKU, Azerbaijan, July 10. Investments in fixed capital in Azerbaijan amounted to 7.984 billion manat, or $4.696 billion, from January through June 2024, which is 9.4 percent more than the indicator of the corresponding period of 2023, Trend reports via the State Statistics Committee.
The data from the committee shows that the volume of investments in the oil and gas sector increased by 4.5 percent and in non-oil sectors by 12.6 percent.
At the same time, 54.8 percent of investments in fixed capital (over 4.373 billion manat or $2.57 billion) went to the production sector, 34.4 percent (2.747 billion manat or $1.6 billion) to the services sector, and 10.8 percent (864.3 million manat or $508.4 million) to the construction of residential buildings. A total of 80.5 percent of investments (over 6.452 billion manat, or $3.795 billion) directed to fixed capital were domestic funds.
Over 5.513 billion manat ($3.24 billion), or 69 percent, of the funds directed to fixed capital were spent on construction and installation works during the mentioned period.
To note, in 2023, investments in fixed capital amounted to 20.296 billion manat, or $11.9 billion, which is 9.8 percent more than the figure for 2022.
