Investments in Azerbaijan's economy (January-August 2015)

According to the Azerbaijani State Statistics Committee, around 10.550 billion manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-August 2015 or by 1.7 percent more than in the same period of 2014.

Around 1.182 billion manat was invested in Azerbaijani economy in August 2015 or by 13.8 percent less than investments in fixed capital in August 2014.

The main sources of investments in January-August 2015 are as follows:

  • funds of enterprises and organizations - 7.497 billion manat (an increase of 28.1 percent compared to January-August 2014;
  • budgetary funds - 1.897 billion manat (a decrease of 49 percent);
  • off-budgetary funds - 178.9 million manat (a decrease of 22.1 percent);
  • bank loans - 530.8 million manat (an increase of 63.5 percent);
  • funds of population - 307.8 million manat (an increase of 14.2 percent)

Apparently, the investments made in the country's economy in January-August 2015 increased due to an increase in investment activity of all sources except for the budget and off-budget funds.

The share of budget funds in investing the economy is 18 percent. It ranks second after the funds of enterprises and organizations.

According to the State Statistics Committee's report, the private businesses and organizations invested 70.7 percent of total investments in the fixed capital, but the state businesses and organizations - 29.3 percent.

The investments in construction and installation work for the period amounted to 74.6 percent of the total investments. The growth of this index was 8.4 percent per annum.
The investments worth 6.479 billion manat were made in the construction of production facilities, while 3.369 billion manat in the non-production facilities.

Some 5.77 billion manat (54.5 percent) of the funds invested in the fixed capital were directed at the development of the non-oil sector. Some 4.77 billion manat (45 percent) were invested in the country's oil sector. This is by 18.84 percent more than in the same period of 2014.

The total investments in the Azerbaijani industrial sector amounted to 5.58 billion manat or by 19.5 percent more compared to January-August 2014.

The investments in extractive industry totaled 4.8 billion manat or by 22.4 percent more than in January-August 2014.

Some 53 percent of investments accounted for the industrial sector, 12.1 percent - construction, 11.7 percent - transport and warehousing, 3.2 percent - sports, entertainment and the arts.

The hospitality and catering (tourism) has become the most attractive investment sector of the economy of Azerbaijan. According to the Azerbaijani State Statistics Committee, the investments in this sector increased by 7.2 times in January-August 2015 from year to year, by showing the best dynamics among the sectors.

Some 449.8 million manat was nominally invested in the sector or 4.3 percent of all investments in Azerbaijan during the period.

Some 57.6 percent of the total investments accounted for the domestic investments.

Investment indices in January-August 2015:

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

Amount in mln manat

Specific weight in percent

Investments in total

10550,1

100,0

Foreign investments

4473,6

42,4

Domestic investments

6076,5

57,6

The total amount of foreign investments in Azerbaijan's economy amounted to 4.474 billion manat in January-August 2015 or by 44.7 percent more compared to January-August 2014.

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 85.1 percent (3.809 billion manat) 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 Iran in January-August 2015.

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