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Investments in Azerbaijan's economy up by 21%

11.05.23 14:32
Investment in fixed capital in Azerbaijan amounted to 4.580 billion manats ($2.69 billion) in January-April 2023, marking a 21.1% growth, Report informs, referring to the State Statistical Committee.

Over the past year, investments in the oil and gas sector increased by 25.8%, and in the non-oil-and-gas sector surged by 18.5%.

During the reporting period, 2,620.2 million manats ($1.54 billion), or 57.2%, were made in production, 1,702.5 million manats ($1 billion), or 37.2%, in services, 257.3 million manats ($151.35 million), or 5.6%, in housing construction.

Domestic funds constituted 3.344 billion manats ($1.97 billion) (73%) of the funds directed to fixed capital, and construction and installation work amounted to 3.252 million manats ($1.91 billion) (71%).