Investment in Azerbaijan's economy up by 37%

In January of this year, investment in fixed capital in Azerbaijan amounted to 1,553 million manats ($913.5 million), marking a 37.4% 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 44.5% and in the non-oil and gas sector by 34.1%.

During the reporting period, 707.3 million manats ($416 million), or 45.5%, were made in production, 782.6 million manats ($460.4 million), or 50.4%, in services, and 63.1 million manats ($37.1 million), or 4.1%, in housing construction.

Domestic funds constituted 1,284.3 million manats ($755.5 million, or 82.7%) of the funds directed to fixed capital, and construction and installation work amounted to 1,167.7 million manats ($686.9 million, or 75.2%).