Investments in Azerbaijan’s non-oil sector up by over a third

Business Materials 18 September 2012 15:37

Azerbaijan, Baku, Sept. 18 / Trend I. Khalilova /

Around 8.383.9 billion manat was invested from all financing sources into the development of the economic and social sectors in Azerbaijan in January-August 2012, or 28.4 per cent more than in the same period of last year, the State Statistics Committee said on Saturday.

Investments in construction operations increased by 28.3 per cent to 5.020.7 billion manat, or 59.9 per cent of the total investment volume. Investments worth 3.783.1 billion manat were made in the construction of production facilities, while 4.600.8 billion manat were in services.

Around 78.9 per cent of the total volume fell to domestic investment. The main part (74.9 per cent) of internal investments was made in state enterprises and organisations with only 26.3 per cent in private enterprises.

Around 3.697.7 billion manat out of 5.933.9 billion manat envisaged for this year was invested in the construction of facilities financed through the budget funds.

Around 3.553.7 billion manat (42.4 per cent of the total investment volume), bank loans - 387.5 million manat (4.6 per cent), budgetary funds - 3.850.4 billion manat (45.9 per cent), off-budget funds - 347.6 million manat (4.2 per cent), the population's funds - 208.4 million manat (2.5 per cent) and other - 36.3 million manat (0.4 per cent) were invested in the fixed capital through the funds of enterprises and organisations.

Around 27.1 per cent (2.274.9 billion manat) was directed to the development of the oil sector, 72.9 per cent (6.109 million manat) - non-oil sector, including 10.4 per cent (870.7 million manat) - non-oil industrial sector. Investments in the oil sector increased by 23.6 per cent and non-oil - by 30.3 per cent.

Around 37.5 per cent of investments fell to the industrial sector, 16.8 per cent - transportation and warehousing, 9.7 per cent - state management, 9.3 per cent - real estate transactions (of which 9.2 per cent - housing).

Also included was 4.9 per cent - education, 4.7 per cent - agriculture, 4.5 per cent - entertainment and art, 2.9 per cent - construction, 2.5 per cent - communication and information, 1.9 per cent - trade and 1.5 per cent - health care, rendering administrative services, 1.4 per cent - tourist accommodation and catering, 0.8 per cent - financial and insurance activity.

The official exchange rate is 0.7853 AZN/USD on Sept. 18.