According to the Azerbaijani State Statistics Committee, around 5.389 billion manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-May 2016 or by 16.1 percent less than in the same period of 2015.
Around 1.097 billion manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in May 2016 or by 29.09 percent less than in the same period of 2015.
The main sources of investments in January-May 2016 are as follows:
- funds of enterprises and organizations – 4.249 billion manat (28.9 percent less compared to January-May 2015;
- budgetary funds – 479.3 million manat (62 percent less);
- off-budgetary funds – 45.7 million manat (58.3 percent less);
- bank loans – 464.3 million manat (85.2 percent more);
- funds of population – 147.5 million manat (11.5 percent less)
The investments in the country’s economy in January-May 2016 decreased in all sources of funding, except for bank loans.
The investment from the state budget has decreased by 62 percent since early 2016 due to saving of state funds.
According to the State Statistics Committee’s report, the private businesses and organizations invested 77.3 percent of total investments in the fixed capital, but the state businesses and organizations – 22.7 percent.
The investments in construction and installation work for the period amounted to 69.1 percent of the total investments.
The investments worth 4.591 billion manat were made in the construction of production facilities, 601.5 million manat (11.2 percent) in the non-production facilities, housing construction – 196.2 million manat (3.6 percent).
Some 1.71 billion manat (31.7 percent) of the funds invested in the fixed capital were directed in the development of the non-oil sector. Some 3.68 billion manat (68.3 percent) were invested in the country’s oil sector, which is 33.3 percent more than in the same period of 2015.
The total investments in the Azerbaijani industrial sector amounted to 3.913 billion manat in January-May 2016 or by 11.5 percent less compared to January-May 2015.
The investments in extractive industry totaled 3.666 billion manat or by 8.4 percent less than in January-May 2015.
The investments in production, distribution and supply of electricity, gas and heat amounted to 62.9 million manat in January-May, which is 13.1 percent more than in the same period of 2015.
Some 35.9 percent of the total investments accounted for the domestic investments.
Investment indices in January-May 2016:
(Source: State Statistics Committee and calculations by Trend”)
|
Amount in mln manat |
Specific weight in percent |
|
|
Investments in total |
5388,8 |
100,0 |
|
Foreign investments |
3455,1 |
64,1 |
|
Domestic investments |
1933,7 |
35,9 |
The total amount of foreign investments in Azerbaijan's economy amounted to 3.455 billion manat in January-May 2016 or by 31.6 percent more compared to January-May 2015.
An increase in foreign investments is a positive factor and points to the fact that an attractive country, Azerbaijan is a potential for foreign investors.
Around 90.6 percent (3.129 billion manat) of investments in Azerbaijan's economy made by foreign countries and international organisations fell to investors from the UK, Russia, Malaysia, Turkey, Japan, Sweden, Iran, the US in January-May 2016.
The UK is Azerbaijan’s largest investor. Currently, 473 companies with the British capital are operating in the country. The UK companies act as contractors in the projects being implemented in Azerbaijan. Azerbaijan and the UK successfully cooperate in various sectors of the economy, namely, banking, ICT, water supply, tourism, health care.
The largest amount of foreign investments in Azerbaijan's fixed capital in January-May was invested in April – 935.1 million manta, while the smallest amount – in May (544.1 million manat).
The largest share of foreign investments in total investments in fixed assets in Azerbaijan in January-May was registered in January - 71.5 percent of total investments in fixed capital. The smallest share was registered in May - 49.6 percent.