Nearly AZN 1 409.2mln ($1677.6mln) was invested in the economy of Azerbaijan over the period of January and March 2008, an increase of 21.4% from the figures of the last year, the State Statistics Committee of Azerbaijan reported.
According to the State Statistics Committee, in January to March 2008 a total of 840.908mln manats ($1001.08mln) has been invested at the expense of internal sources, or 49.4% more than 2007. Special weight of internal investments made up 59.7%. Foreign investments constituted 40.3%.
Some 96.2% (AZN 546.7mln) out of the investments by the foreign countries and international organizations into the economy of Azerbaijan falls on Great Britain, the USA, Japan, Norway, Turkey and France. The highest specific weight of the investment falls on Great Britain, which totals 49.5% (AZN 281.354mln), an increase of 2.5% as compared to the same period of 2007.
The U.S. investments decreased by 10.9% and made up AZN 123.309mln (with 21.7% specific weight), Japanese - 11.2% and AZN 64.626mln (11.4%), Norwegian - 11.6% and AZN 40.758mln (7.2%), Turkish - 11.1% and AZN 32.048mln (5.6%), etc.
Of the international financial institutions, the highest amount of the investments fell on the World Bank totaling AZN 8.303mln, an increase of 4.6 times (with 1.5% specific weight).
This year Asian Development Bank allocated AZN 2.471mln (0.4%) for the realization of projects in Azerbaijan, Kuwait Fund for Economic Development - AZN 1.726mln (0.3%), Islamic Development Bank - AZN 1.241mln (0.2).
Investment indices in January-March 2008
Source: State Statistics Committee and calculation by Trend
| Amount in mln manats (AZN) | Special weight, % | |
| Investments in total | 1 409,2 | 100,0 |
| Foreign investments | 568,3 | 40,3 |
| Internal investments | 840,9 | 59,7 |
Major sources of investing were funds of enterprises (AZN 794.4mln with a decrease of 14.6%), banking credits (AZN 25.4mln with a drop of 9.8%), community funds (AZN 35.8mln with a growth of 23.6%), budget funds (AZN 480.3mln with a rise of 3.6 times), non-budgetary funds (AZN 72.7mln with a raise of 2 times) and others (AZN 0.6mln with a rise of 90.1%).
AZN 711.1mln was allocated for the oil sector (50.5%) and AZN 698.1mln (49.5%) - non-oil sector. The investments for the non-oil sector increased by 74.4% as compared to the same period of 2007.
Of the investments allocated in January to February, some 56.1% was invested in development of industry spheres, 2% - agriculture, 0.2% - trade and services, 25.1% -transport, 1.3% - communications, 5.4% - construction of buildings, 1.1% - education, 1.8% - health care and 7% - other spheres.
Some AZN 467.6mln (16.6% of investments for 2008) was invested in the construction of the facilities being financed by Public budget.
The investments for the repair and construction works amounted to AZN 789.3mln, an increase of 34.8%. AZN 1200.3mln (85.2%) have been invested in the construction of the production facilities and AZN 208.9mln (14.8%) - non-production facilities.