Investment in Azerbaijani economy down by nearly 5%
- 13 May, 2025
- 12:39
In January-April 2025, 5.69 billion manats ($#.35 billion) were invested in fixed assets in Azerbaijan, or 4.6% less than in the same period last year, Report informs, citing the State Statistical Committee.
According to the committee, over the past year, investments in the oil and gas sector have decreased by 22.7%, while investments in the non-oil and gas sector have increased by 5.3%.
Of the investments in four months, 2.58 billion manats ($1.52 billion) or 50.9% were spent on production sectors, 1.63 billion manats ($958.82 million) or 32.1% on service sectors, and 862.9 million manats ($507.58 million) or 17% on the construction of residential buildings.
In the mentioned period, 3.77 billion manats ($2.22 billion), or 74.4%, of the investments directed to fixed capital were domestic investments, and 3.97 billion manats ($2.34 billion), or 78.3%, were spent directly on construction and installation works.