39% of investments in Azerbaijan are domestic investments
Baku, Azerbaijan, Oct. 18
By Anvar Mammadov – Trend:
According to the Azerbaijani State Statistics Committee, 10.3 billion manats were invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-September 2016, or 12.7 percent less than in the same period of 2015.
Some 80.2 percent of the total investments were put in the construction of production facilities, 15.5 percent – in construction of non-production facilities and 4.3 percent – in construction of housing.
Some 39.1 percent of the total investments accounted for the domestic investments.
The main sources of investments in January-September 2016 are as follows:
- funds of enterprises and organizations – 7.37 billion manats (71.7 percent of the total investments);
- budgetary funds – 1.38 billion manats (13.4 percent);
- off-budgetary funds – 112.6 million manats (1.1 percent);
- bank loans – 1 billion manats (9.8 percent);
- funds of population – 385.8 million manats (3.8 percent);
- other funds – 24.8 million manats (0.2 percent).
Some 36.4 percent (3.75 billion manats) of the investments in the fixed capital was spent on the development of the non-oil sector, while 6.51 billion manats (63.6 percent) were invested in the country’s oil sector.
Some 67.1 percent of the investments accounted for industrial spheres, 15.7 percent – for construction, 9.4 percent – for transportation and warehousing, 1.7 percent – for public administration, security, compulsory social security, agriculture, forestry and fishery, 0.8 percent – for information and communications, healthcare, administrative and support services, 0.9 percent – for education, 0.5 percent – for activities in recreation, entertainment and the arts, 0.3 percent – for commerce, 0.1 percent – for tourist accommodation and catering, 0.1 percent – for rendering services in professional, scientific and technical activities and services in other areas.
Official rate is 1.5969 AZN/USD as of Oct. 18
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