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Investments in Azerbaijan's economy up by 21%

11.08.23 11:27

Investment in fixed capital in Azerbaijan amounted to 9,114.9 million manats ($5.36 billion) in January-July 2023, marking a 20.8% growth, Report informs, referring to the State Statistical Committee.

Over the past year, investments in the oil-and-gas sector increased by 15%, and in the non-oil-and-gas sector surged by 24.3%.

During the reporting period, 5,045 million manats ($2.97 billion), or 55.3%, were made in production, 3,600.5 million manats ($2.12 billion), or 39.5%, in services, 469.4 million manats ($276.2 million), or 5.2%, in housing construction.

Domestic funds constituted 6.877 billion manats ($4.05 billion) (75.5%) of the funds directed to fixed capital, and construction and installation work amounted to 6,679 million manats ($3.93 billion) (73.3%).