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.

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On 04/02/2025
Comments Off on 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.
Newer 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.
Older 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.