Investments in Azerbaijani economy grew by 4% for Q1

15:27 - 9.04.2024

April 9, Fineko/ Over Jan-Mar 2024, 3.809 bn manats of investments were directed for fixed assets in Azerbaijan (4% more against Jan-Mar 2023), ABC.AZ reports with reference to the State Statistics Committee.

Investments in the oil & gas sector grew by 2.7% and in the non-oil/gas sector by 4.8%.

In the structure of investments, 2.122 bn manats or 55.7% were directed for production sector, 1.45 bn manats or 38.2% for the service sector, 233.5 million manats or 6.1% for construction of residential buildings.

The domestic finances amounted to 3.02 bn manats or 79.4% of all investments in fixed assets, 2.68 bn manats or 70.4% were directed for construction and installation work.