15:38 - 5.01.2023

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January 5, Fineko/abc.az. The Government of Azerbaijan predicts annual real growth of investments in fixed assets in 2023-2026 at the level of 2.8%.

ABC.AZ reports that according to forecasts, the nominal volume of capital investments in fixed assets in 2023 will amount to 18.7 million (real growth by 3.3% versus 2022). At that, out of the total investment volume, AZN 14.608 bn (78.1%) will be domestic investments and AZN 4.09 bn (21.9%) will be foreign investments.

According to forecasts, in 2023, capital investments in fixed assets in the oil & gas sector will amount to AZN 5.718 bn and in other sectors – AZN 12.98 bn.

Capital investments in fixed assets for 2024 are projected at the level of AZN 19.48 bn (real growth of 2.2%). The volume of domestic investments will amount to AZN 14.99 bn (76.7%) and foreign investments AZN 4.489 bn (23.3%).

In 2024, capital investments in fixed assets in the oil & gas sector will amount to AZN 5.7 bn and in other sectors – AZN 13.739 bn.

For 2025, investments are projected at AZN 20.419 bn (a rise of 2.8%). The volume of domestic investments in 2025 will amount to AZN 15.729 bn (77%), foreign investments – AZN 4.69 bn (23%). Including in the oil & gas sector, capital investments are projected at the level of AZN 5.249 bn and in other sectors – AZN 15.17 bn.

In 2026, investments are projected at AZN 21.437 bn (a rise of 3%). The volume of domestic investments in 2026 will amount to AZN 16.7 bn (77.9%) and foreign investments – AZN 4.7 bn (22.1%). In 2026, capital investments in fixed assets in the oil & gas sector will amount to AZN 4.8 bn and in other sectors – AZN 16.7 bn.

In general, according to government forecasts, in 2023-2026, the average annual growth of capital investments in fixed assets will be 2.8%. At the same time, the average annual growth of investments in fixed assets in the non-oil and gas sector in 2023-2026 will be 6.4%.