Over 70% investment in Azerbaijan’s fixed capital accounts for domestic funds in 2014
Baku, Azerbaijan, Oct. 17
By Maksim Tsurkov - Trend:
Around 11.868 billion AZN was invested in the development of economic and social spheres from all financial sources in Azerbaijan in January-September 2014 or 0.2 percent more than in the same period of 2013, the Azerbaijani State Statistics Committee's report as of nine months says.
The investment volume in construction work hit 73.1 percent of the total volume of investments. This growth rate was 8.5 percent per annum.
Some 8.094 billion AZN were invested in the construction of production facilities in January-September, while 3.775 billion AZN - the facilities in the service sector.
Some 48.3 percent of investments accounted for the state enterprises, 51.7 percent - private enterprises.
Some 70.4 percent of the total investment accounted for domestic investments. Most domestic investments (65.1 percent) accounted for state enterprises and organizations, and 34.9 percent - for private enterprises.
Around 6.555 billion (55.2 percent of a total volume of investments) was invested in fixed assets at the expense of enterprises and organizations, 434.4 million AZN (3.7 percent) - bank loans, 4.174 billion AZN (35.2 percent) - budgetary funds, 252.9 million AZN (2.1 percent) - non-budgetary funds, 387.9 million AZN (3.3 percent) - personal funds of the population and 64.6 million AZN (0.5 percent) - other funds.
Around 62.9 percent (7.462 billion AZN) of investments in fixed capital focused on the development of non-oil sector, while 4.406 billion AZN was invested in the oil sector.
The investments in oil sector increased by 28.2 percent, but reduced by 11.2 percent in the non-oil sector.
Around 45.1 percent of investments accounted for industry, 21 percent - construction, 6.6 percent - public administration, 4.4 percent - sports, entertainment and arts, 3.5 percent - trade, 3.6 percent - education, 2.1 percent - agriculture, 1.7 percent - health care, 0.3 percent - real estate transactions, 0.8 percent - communication and information, 1.8 percent - rendering administrative and additional services, 0.2 percent - financial and insurance activity, 1.4 percent - tourist accommodation and catering sphere, according to the report.
The official exchange rate is 0,7843 AZN/USD Oct. 17.