Baku, Azerbaijan, Jan. 18
By Anvar Mammadov – Trend:
Some 15.55 billion manats were invested in the development of economic and social spheres of Azerbaijan in 2017, which is by 2.6 percent less than in 2016, says a report of the country’s State Statistics Committee.
The report says that 76.3 percent of the total investments were put in the construction of production facilities, 18 percent – in the construction of non-production facilities and 5.7 percent – in the construction of housing.
About 44.6 percent of the total investments accounted for the domestic investments, according to the report.
The main sources of investments in 2017 were as follows: funds of enterprises and organizations – nearly 9.85 billion manats (63.4 percent of the total investments); bank loans –2.2 billion manats (14.1 percent); budgetary funds – 2.39 billion manats (15.4 percent); off-budgetary funds – 201.9 million manats (1.3 percent); funds of population – 789.1 million manats (5.1 percent) and other funds – 109.7 million manats.
Some 45.7 percent (7.1 billion manats) of the funds invested in the fixed capital accounted for the development of the non-oil sector, while 8.45 billion manats (54.3 percent) – for oil sector of the country.
According to the report, 63.9 percent of investments accounted for industrial spheres, 16.1 percent - for construction, 11.2 percent - for transport and warehousing, 2.7 percent - for public administration, protection and compulsory social security, 2 percent - for agriculture, forestry and fishing, 1 percent - for information and communication, 1 percent - for healthcare, 0.6 percent - for leisure and activities in entertainment and arts sphere, 0.5 percent - for education, 0.4 percent - for trade and 0.4 percent - for rendering administrative and auxiliary services, 0.2 percent - for accommodation of tourists and public catering.
(1.7001 manats = 1 USD on Jan. 18)
