Investments in Azerbaijan’s fixed capital exceed 5.5B manats
Baku, Azerbaijan, June 17
By Anvar Mammadov – Trend:
Some 5.67 billion manats were invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-May 2017, which is by 3.2 percent less than in the same period of 2016, the Azerbaijani State Statistics Committee said in a report as of January-May 2017.
According to the report, some 82.9 percent of the total investments were made in the construction of production facilities, 11.9 percent – in construction of non-production facilities and 5.2 percent – in construction of housing.
Some 37.3 percent of the total investments accounted for the domestic investments, the report said.
According to the report, the main sources of investments in January-May 2017 are as follows: funds of enterprises and organizations – 4 billion manats (70.4 percent of the total investments); bank loans – 681.5 million manats (12 percent); budgetary funds – 637.1 million manats (11.2 percent); off-budgetary funds – 79.4 million manats (1.4 percent); funds of population – 252.7 million manats (4.5 percent); other funds – 25.5 million manats.
Some 35.4 percent (2.01 billion manats) of the funds made in the fixed capital accounted for the development of the non-oil sector, while 64.6 percent (3.66 billion manats) - in the country's oil sector.
Some 70.5 percent of the investments accounted for industry, 16.1 percent – construction, 8 percent – transportation and warehousing, 1.4 percent – information and communications, 1.5 percent - agriculture, forestry and fishery, 0.5 percent – health care, 0.7 percent – public administration, security, compulsory social security, 0.4 percent - administrative and support services, 0.3 percent – leisure, entertainment and arts, 0.3 percent – education, 0.2 percent – commerce, 0.1 percent – professional, scientific and technical activity, the report said.
(1.7023 AZN = 1 USD on June 17)