According to the Azerbaijani State Statistics Committee, around 6.769,600 billion manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-June 2016 or by 14.6 percent less than in the same period of 2015.
Around 1.380,800 billion manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in June 2016 or by 8.5 percent less than in the same period of 2015.
The main sources of investments in January-June 2016 are as follows:
- funds of enterprises and organizations – 5.135,700 billion manat (30.2 percent less compared to January-June 2015;
- budgetary funds – 730.6 million manat (51.9 percent less);
- off-budgetary funds – 64.3 million manat (50 percent less);
- bank loans – 616 million manat (33.4 percent more);
- funds of population – 219.4 million manat (4.5 percent less)
The investments in the country’s economy in January-June 2016 decreased in all sources of funding, except for bank loans.
The investment from the state budget has decreased by 51.9 percent since early 2016 due to saving of state funds.
According to the State Statistics Committee’s report, the private businesses and organizations invested 74.8 percent of total investments in the fixed capital, but the state businesses and organizations – 25.2 percent.
The investments in construction and installation work for the period amounted to 68.9 percent of the total investments.
The investments worth 5.653,800 billion manat were made in the construction of production facilities, 836.9 million manat (12.4 percent) in the non-production facilities, housing construction – 278.9 million manat (4.1 percent).
Some 2.31 billion manat (34.2 percent) of the funds invested in the fixed capital were directed in the development of the non-oil sector. Some 4.45 billion manat (65.8 percent) were invested in the country’s oil sector.
The total investments in the Azerbaijani industrial sector amounted to 4.766,600 billion manat in January-June 2016 or by 13.4 percent more compared to January-June 2015.
The investments in extractive industry totaled 4.428,600 billion manat or by 19.3 percent more than in January-June 2015.
The investments in production, distribution and supply of electricity, gas and heat amounted to 84.9 million manat in January-June, which is 27 percent more than in the same period of 2015.
Some 37.1 percent of the total investments accounted for the domestic investments.
Investment indices in January-June 2016:
(Source: State Statistics Committee and calculations by Trend”)
|
Amount in mln manat |
Specific weight in percent |
|
|
Investments in total |
6769,6 |
100,0 |
|
Foreign investments |
4257,4 |
62,9 |
|
Domestic investments |
2512,2 |
37,1 |
The total amount of foreign investments in Azerbaijan's economy amounted to 4.257,400 billion manat in January-June 2016 or by 32.3 percent more compared to January-June 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 88.5 percent (3.769,200 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-June 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-June was invested in April – 935.1 million manat, 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.