Investments in Azerbaijan's economy grows by 6%

In Azerbaijan, in 2022, 18,272.3 million manats were allocated to fixed assets, or 5.5 per cent more than in 2021.

This is reported by  Report with reference to the State Statistics Committee.

Over the past year, investments in the oil and gas sector decreased by 9.8 per cent, while investments in the non-oil and gas sector increased by 13.6 per cent.

In the structure of funds spent, 10.6 billion manats [$6.2 billion] or 58.1 per cent fell on the production sector, 6.7 billion manats [$3.9 billion ] or 36.9 per cent - on the services sector, and 925.4 million manats [$543 million] or 5 per cent - on the construction of residential houses.

Internal funds amounted to 14.7 billion manats [$ 8.6 billion] or 80.6 per cent and 13.4 billion manats [$7.8 billion] or 73.7 per cent were spent on construction and installation works.

Of the funds allocated to fixed capital, the share of funds of enterprises and organisations amounted to 49.3 per cent, budgetary funds - 36.4 per cent, personal funds of the population - 6.7 per cent, other funds - 5 per cent, bank loans - 2.6 per cent.