Over 31% of investments in Azerbaijan - domestic
Baku, Azerbaijan, Feb. 23
By Anvar Mammadov – Trend:
Some 954.2 million manats were invested from all financial sources in the development of the economic and social areas of Azerbaijan in January 2017, or by 2.1 percent less than in the same period of 2016, the Azerbaijani State Statistics Committee said in a report as of January 2017.
Some 89.3 percent of the total investments were put in the construction of production facilities, 7.7 percent – in construction of non-production facilities and 3 percent – in construction of housing.
Some 31.5 percent of the total investments accounted for the domestic investments.
The main sources of investments in January 2017 are as follows:
- funds of enterprises and organizations – 805.5 million manats (84.4 percent of the total investments);
- budgetary funds – 33.2 million manats (3.5 percent);
- off-budgetary funds – 8.4 million manats (0.9 percent);
- bank loans – 78.6 million manats (8.2 percent);
- funds of population – 28.1 million manats (3 percent);
- other funds – 0.4 million manats.
Some 21.2 percent (202.7 million manats) of the investments in the fixed capital was spent on the development of the non-oil sector, while 751.5 million manats (78.8 percent) were invested in the country’s oil sector.
Some 82.2 percent of the investments accounted for industrial spheres, 9.1 percent – for construction, 2.9 percent – for transportation and warehousing, 0.1 percent – for public administration, security, compulsory social security, 1 percent - agriculture, forestry and fishery, 4.1 percent – for information and communications, 0.3 percent - healthcare, 0.1 percent - administrative and support services, 0.1 percent – for education, 0.1 percent – for commerce.
The official exchange rate on Feb. 23 is 1.7447 AZN/USD.