Statistic
Chart
Statistic
Chart
Statistic
Chart
Indicator
2023
2022
2021
2020
2019
2018
Total Number of Facilities Opened (Excluding residential buildings)
6,586
17,874
17,874
14,602
11,562
3,257
Healthcare Institutions
6
29
33
80
72
154
Educational Facilities
240
1010
610
520
850
2,220
Cultural Buildings
1
5
6
3
7
23
Sports Facilities
19
15
440
1,930
790
880
Indicator
2023
2022
Total Number of Facilities Opened (Excluding residential buildings)
6,586
17,874
Healthcare Institutions
6
29
Educational Facilities
240
1010
Cultural Buildings
1
5
Sports Facilities
19
15
Indicator
2021
2020
Total Number of Facilities Opened (Excluding residential buildings)
17,874
14,602
Healthcare Institutions
33
80
Educational Facilities
610
520
Cultural Buildings
6
3
Sports Facilities
440
1,930
Indicator
2019
2018
Total Number of Facilities Opened (Excluding residential buildings)
11,562
3,257
Healthcare Institutions
72
154
Educational Facilities
850
2,220
Cultural Buildings
7
23
Sports Facilities
790
880
indicator
2023
2022
2021
2020
2019
2018
Total Number of Facilities Opened (Excluding residential buildings)
6,586
17,874
17,874
14,602
11,562
3,257
Healthcare Institutions
6
29
33
80
72
154
Educational Facilities
240
1010
610
520
850
2,220
Cultural Buildings
1
5
6
3
7
23
Sports Facilities
19
15
440
1,930
790
880
Construction companies in Azerbaijan are increasingly adopting sustainable building practices. In 2023, nearly 30% of new projects incorporated “green” technologies and materials. This shift is crucial for environmental protection and the efficient use of energy.
In recent years, Azerbaijan has made substantial investments in transportation and utility services. In 2024, funding for these projects is expected to rise by 20%, which translates to an additional 1 billion AZN. These investments aim to modernize the country’s infrastructure and support its economic growth.
In 2022, the construction sector contributed around 6.4% to Azerbaijan’s GDP, which is roughly 5 billion AZN. This marks a consistent increase of 5.5% since 2020, underscoring the sector’s growing significance within the national economy.
By the beginning of 2024, investments in fixed capital had already surpassed $1.55 billion, a 15.5% increase compared to the same period in 2023. Notably, 72.8% of these investments were directed towards construction and installation projects.
In 2023, the value of construction materials produced in Azerbaijan exceeded $647 million, marking a 31.8% increase from the previous year. This growth continued into January 2024, with an impressive 34.5% rise compared to the same month last year.
Investments in renewable energy projects in Azerbaijan aim to increase the share of alternative energy production to 30% by 2030. Through such green initiatives, the goal is to reduce greenhouse gas emissions by 35% by 2030 compared to 1990 levels.
In recent years, there has been a significant increase in the production of construction materials in Azerbaijan. Cement production rose by 14.7%, concrete products by 7.4 times, and lime production by 2.1 times. The highest growth was recorded in reinforcement bar production, which saw an annual increase of 85.1% in 2024.
The infrastructure sector led the construction market in 2023 due to state investments in road construction and transportation projects. Additionally, residential areas have significantly increased, with the per capita living space growing from 17.6 m² to 20 m² over the past 10 years. Furthermore, this figure is planned to rise to 25 m² per person by 2040.
In 2023, the share of non-state-owned enterprises in the total volume of construction work carried out in the Republic of Azerbaijan reached 88.8%. Additionally, investments in the construction sector increased by 110% compared to 2022, reaching a record level of 11,220,338,800 AZN.
In 2023, the total volume of the construction market of Azerbaijan was estimated at a record value of 18.36 billion manats. However, the average annual growth rate predicted between 2025 and 2028 will be more than 4% and it is expected to reach 22.34 billion manats in 2028.
