According to the Azerbaijani State Statistics Committee, around 11.831 billion manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-September 2015 or by 0.5 percent more than in the same period of 2014.
Around 1.281 billion manat was invested in Azerbaijani economy in September 2015 or by 9.9 percent less than investments in fixed capital in September 2014.
The main sources of investments in January-September 2015 are as follows:
- funds of enterprises and organizations - 8.210 billion manat (an increase of 25.2 percent compared to January-September 2014;
- budgetary funds - 2.212 billion manat (a decrease of 47.9 percent);
- off-budgetary funds - 210.7 million manat (a decrease of 18.3 percent);
- bank loans - 660.5 million manat (an increase of 78.9 percent);
- funds of population - 385.1 million manat (an increase of 4.9 percent)
Apparently, the investments made in the country's economy in January-September 2015 increased due to an increase in investment activity of all sources except for the budget and off-budget funds.
The share of budget funds in investing the economy is 18.7 percent. It ranks second after the funds of enterprises and organizations.
According to the State Statistics Committee's report, the private businesses and organizations invested 68.4 percent of total investments in the fixed capital, but the state businesses and organizations - 31.6 percent.
The investments in construction and installation work for the period amounted to 74 percent of the total investments. The growth of this index was 6 percent per annum.
The investments worth 7.206 billion manat were made in the construction of production facilities, while 3.823 billion manat in the non-production facilities.
Some 6.47 billion manat (45.3 percent) of the funds invested in the fixed capital were directed at the development of the non-oil sector. Some 5.35 billion manat (54.7 percent) were invested in the country's oil sector. This is by 21.3 percent more than in the same period of 2014.
The total investments in the Azerbaijani industrial sector amounted to 6.24 billion manat or by 19.4 percent more compared to January-September 2014.
The investments in extractive industry totaled 5.3 billion manat or by 22.6 percent more than in January-September 2014.
Some 52.8 percent of investments accounted for the industrial sector, 12.2 percent - construction, 12.7 percent - transport and warehousing, 3.2 percent - sports, entertainment and the arts.
The investments in production, distribution and supply of electricity, gas and heat amounted to 127.8 million manat in January-September, which is 43.5 percent less than in the same period of 2014.
The hospitality and catering (tourism) has become the most attractive investment sector of the economy of Azerbaijan. According to the Azerbaijani State Statistics Committee, the investments in this sector increased by 7.2 times in January-September 2015 from year to year, by showing the best dynamics among the sectors.
Some 450.3 million manat was nominally invested in the sector or 3.8 percent of all investments in Azerbaijan during the period.
Some 58 percent of the total investments accounted for the domestic investments.
Investment indices in January-September 2015:
(Source: State Statistics Committee and calculations by Trend")
|
Amount in mln manat |
Specific weight in percent |
|
|
Investments in total |
11831,2 |
100,0 |
|
Foreign investments |
4968,3 |
42,0 |
|
Domestic investments |
6862,9 |
58,0 |
The total amount of foreign investments in Azerbaijan's economy amounted to 4.968 billion manat in January-September 2015 or by 41.3 percent more compared to January-September 2014.
The growth of foreign investments in the country shows that Azerbaijan is a very reliable partner and a very attractive country for foreign investors. The economic reforms, economic liberalization, the credit rating of Azerbaijan, increased by the world leading rating agencies, the policy of integration into the world economy contribute to the growth of foreign investments.
Around 89.6 percent (4.45 billion manat) of investments in Azerbaijan's economy made by foreign countries and international organisations fell to investors from the UK, U.S, Japan, Norway, Russia, Sweden, Malaysia, Turkey and Iran in January-September 2015.
Many foreign investments in fixed assets were made in July - 656.7 million manat, while few foreign investments - in February (387.7 million manat).
The largest share of foreign investments in general capital investments in fixed assets was recorded in January - 62 percent during the first three quarters of 2015 and the smallest index was recorded in April - 35.6 percent.