Investments in Azerbaijan's economy (2014)

According to the Azerbaijani State Statistics Committee, around 17.616 billion AZN was invested from all financial sources in the development of the economic and social areas of Azerbaijan in 2014, which is by 1.7 percent less than in 2013.

It should be stressed that in December 2013 there was a sudden change in the investment volume made in the country's economy, especially via the budget line. This affected the annual investment rate. Around 2.923 billion AZN was invested in the Azerbaijani economy in December 2014, which is 10.89 percent less than in December 2013.

The main sources of investments in 2014 are as follows:

  • funds of enterprises and organizations - 9.654 billion AZN (an increase of 22.9 percent compared to 2013;
  • budgetary funds - 6.452 billion AZN (a decrease of 20.5 percent);
  • off-budgetary funds - 324.6 million AZN (a decrease of 40.2 percent);
  • bank loans - 540.9 million AZN (a decrease of 37.3 percent);
  • funds of population - 566.9 million AZN (an increase of 24 percent)

Apparently, the investments made in the country's economy in 2014 increased due to an increase in investment activity of enterprises, organizations and the population.

According to the State Statistics Committee's report, the private businesses and organizations invested 51.8 percent of total investments in the fixed capital, but the state businesses and organizations - 48.2 percent.

The investments in construction and installation work for the period amounted to 75.4 percent of the total investments. The growth of this index was 11.8 percent per annum.

The investments worth 11.255 billion AZN were made in the construction of production facilities, while 6.361 billion AZN in the non-production facilities. It should be stressed that as 2014 was announced the Year of Industry, much attention was paid to the industrial sector. More than 230 new industrial enterprises were opened in Azerbaijan in 2014.

According to the official statistics, the total investments in the Azerbaijani industry amounted to 7.290 billion AZN or by 3.2 percent less compared to 2013. Around 392.5 million AZN of these funds was invested in the processing industry (a 56 percent decrease). The investments in extracting sector totaled 5.944 billion AZN or by 16.2 percent more than in 2013. Around 41.4 percent of investments accounted for the industrial sector.

The investments in production, distribution and supply of electricity, gas and heat in 2014 amounted to 332.1 million AZN or 32.4 percent less than in 2013.

About 66.1 percent of funds (11.652 billion AZN) were directed at the development of the non-oil sector. Investments in the oil sector comprised 5.964 billion AZN (33.9 percent). Investments in non-oil sector decreased by 9 percent, while they increased by 16.6 percent in the oil sector.

Around 72.3 percent of the total capital investments accounted for domestic investments. This is a positive index, primarily, because it shows the growing financial potential of the country.

Most of domestic investments (63.4 percent) fell to the state-owned enterprises and organizations.

Investment indices in 2014:

(Source: State Statistics Committee and calculations by Trend")

Amount in bln AZN

Specific weight in percent

Investments in total

17615,8

100,0

Foreign investments

4880,4

27,7

Domestic investments

12735,4

72,3

The Shamkirchay water reservoir was commissioned. The first stage of the Baku International Sea Trade Port and other facilities were also commissioned. A number of main roads and 1,295 kilometers of rural roads connecting 597 settlements with a population up to 1 million people were laid through domestic investments, according to the Azerbaijani Ministry of Economy and Industry.

The total amount of foreign investments in Azerbaijan's economy amounted to 4.880 billion AZN in 2014 or by 17.1 percent more compared to 2013.

The growth of foreign investments in the country shows that Azerbaijan is a very reliable partner and a very attractive country for foreign investors. The economic reforms, economic liberalization, the credit rating of Azerbaijan, increased by the world leading rating agencies, the policy of integration into the world economy, contribute to the growth of foreign investments.

Around 91.9 percent (4.484 billion AZN) of investments in Azerbaijan's economy made by foreign countries and international organisations fell to investors from the UK, U.S, Japan, Norway, Turkey and the Czech Republic in 2014.

As previously, the UK continues to maintain a leading position in the list of foreign investors in Azerbaijan. Its share in the total foreign investment was 32.4 percent, while investments totalled 1.583 billion AZN.

Countries

2014, thousand AZN

Specific weight, %

Total international investments

4880378,5

100,0

Including:

Great Britain

1582805,8

32,4

Norway

902086,8

18,5

Turkey

418881,3

8,6

U.S

380792,1

7,8

France

329768,5

6,7

Iran

296117,4

6,1

Russia

296117,4

6,1

Japan

277626,0

5,7

Czech Republic

132498,9

2,7

India

43498,3

0,9

Singapore

747,3

0,0

Germany

628,3

0,0

Italy

91,1

0,0

Netherlands

507,1

0,0

The biggest amount of investments among the international financial institutions was allocated by WB to the amount of 121.1 million AZN with a special weight of 2.5 percent. WB projects cover different spheres of the country's economic life.

International financial organizations

2014, thousand AZN

Specific weight, %

World Bank

121158,8

2,5

Asian Development Bank

88186,8

1,8

EBRD

8866,6

0,2

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