More than AZN 12.7 bln invested in Azerbaijan's economy in 9 months

More than AZN 12.7 bln invested in Azerbaijan
# 14 October 2024 12:37 (UTC +04:00)

In January-September 2024, AZN 12 billion 711,1 million or 3,9% less in comparision with corresponding period of the previous year were invested in the fixed capital in Azerbaijan, APA-Economics reports citing the State Statistics Committee.

According to the information, the volume of investments in the oil and gas sector decreased by 8,4%, and the volume of investments directed to the non-oil and gas sector decreased by 1,6.%. AZN 6302,0 million or 49,6% of the used investment were spent on production areas, AZN 4743,8 million (37,3%) were spent on service areas, and AZN 1665,3 million (13,1%) were spent on the construction of residential houses. Domestic investments accounted for AZN 10578,7 million or 83,2% of the investments directed to the fixed capital. AZN 9193,0 million or 72,3% of the investments directed to the fixed capital were spent directly on the implementation of construction and installation works.

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