Investment in Azerbaijan's economy up by 4%

In January-March of this year, investment in fixed capital in Azerbaijan amounted to 3,809.2 million manats ($2.24 billion), marking a 4% growth from a year earlier, Report informs, citing the State Statistical Committee.

Over the past year, investments in the oil and gas sector increased by 2.7% and in the non-oil and gas sector - by 4.8%.

During the reporting period, 2,122.6 million manats ($1.25 billion), or 55.7%, were made in production, 1,453.1 million manats ($854.46 million), or 38.2%, in services, and 233.5 million manats ($137.31 million), or 6.1%, in housing construction.

Domestic funds constituted 3,024.8 million manats ($1.79 billion, or 79.4%) of the funds directed to fixed capital, and construction and installation work amounted to 2,681.9 million manats ($1.58 billion), or 70.4%.