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.

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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.
Older 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.