Investments in Azerbaijan’s non-oil sector revealed

Baku, Azerbaijan, April 20

By Anvar Mammadov – Trend:

Around 2.87 billion manats were invested in the development of economic and social spheres of Azerbaijan in January-March 2018, which is by 15.3 percent less than in the same period of 2017, says a report of the country’s State Statistics Committee.

The report says that 75.8 percent of the total investments were made in the construction of production facilities, 18.2 percent – in the construction of non-production facilities and 6 percent – in the construction of housing.

About 51.7 percent of the total investments accounted for the domestic investments, according to the report.

The main sources of investments in January-March 2018 were as follows: funds of enterprises and organizations – around 1.73 billion manats (60.4 percent of the total investments); bank loans – 392 million manats (13.7 percent); budgetary funds – 556.9 million manats (19.4 percent); off-budgetary funds – 17 million manats (0.6 percent); funds of population – 156.3 million manats (5.4 percent) and other funds – 14.8 million manats (0.5 percent).

Some 50.9 percent (1.46 billion manats) of the funds invested in the fixed capital accounted for the development of the non-oil sector, while 1.41 million manats (49.1 percent) – for oil sector of the country.

According to the report, 58.4 percent of investments accounted for industrial spheres, 18.2 percent - for construction, 11.2 percent - for transport and warehousing, 2.4 percent - for public administration, protection and compulsory social security, 5.1 percent - for agriculture, 1.7 percent - for information and communication, 1 percent - for healthcare, 0.8 percent - for leisure and activities in entertainment and arts sphere, 0.4 percent - for trade, 0.4 percent - for accommodation of tourists and public catering, 0.3 percent - for rendering administrative and additional services, 0.2 percent – for services in other spheres, 0.1 percent - for education, 0.1 percent – professional, scientific and technical activity, 0.1 percent – trade and repair of vehicles.

The official exchange rate as of April 20 is 1.7 AZN/USD.

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