Investments in Azerbaijan's economy (January-February 2017)

According to the Azerbaijani State Statistics Committee, 2,093.7 million manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-February 2017, which is by 5.7 percent more than in January-February 2016.

According to the report, 89.2 percent of investments in fixed assets were made in the construction of production facilities, 8.1 percent - non-production facilities, 2.7 percent - housing construction.

The main sources of investments in January-February 2017 are as follows:

  • funds of enterprises and organizations – 1,616.2 million manat (9.3 percent less compared to January-February 2016;
  • budgetary funds – 167.9 million manat (2.5 times more);
  • off-budgetary funds – 13.4 million manat (10.7 percent less);
  • bank loans – 238.7 million manat (2.1 times more);
  • funds of population – 56.7 million manat (10.8 percent less)

The investments made in the economy increased in January-February 2017 mainly due to the growth of investments in bank loans and budgetary funds. The investments made from the state budget have increased by 2.5 times since early 2017 as the funds were spent for important state projects.

According to the State Statistics Committee’s report, the private businesses and organizations invested 74.6 percent of total investments in the fixed capital, but the state businesses and organizations – 25.4 percent.

Some 69.5 percent of the total investments were made in construction and installation work for the reporting period.

Some 590.4 million manat (28.2 percent) out of the funds made in the fixed capital were invested in the country’s non-oil sector in January-February 2017.

Some 1.5 billion manat (71.8 percent) were invested in the country’s oil sector in January-February 2017.

The total investments worth 1.61 billion manat were made in the Azerbaijani industrial sector in January-February 2017 or by 11.8 percent more compared to January-February 2016.

The total investments worth 1.49 billion manat were made in the Azerbaijani extractive sector in January-February 2017 or by 7 percent more compared to January-February 2016.

The investments worth 31.2 million manat were made in production, distribution and supply of electricity, gas and heat in January-February 2017, which is by 58.4 percent more than in January-February 2016.

Some 32.9 percent of the total investments accounted for the domestic investments.

Investment indices in January-February 2017:

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

Amount in mln manat

Specific weight in percent

Investments in total

2093,7

100,0

Foreign investments

1405,7

67,1

Domestic investments

688

32,9

The foreign investments worth 1,405.7 million manat were made in Azerbaijan's economy in January-February 2017 or by 13.3 percent more compared to January-February 2016.

An increase in foreign investments is a positive factor and points to the fact that Azerbaijan is a potential for foreign investors.

The investments worth around 1,189.6 million manat (84.6 percent) made in Azerbaijan's economy by foreign countries and international organisations accounted for investors from the UK, Russia, Malaysia, Turkey, Sweden, Japan, US and Iran in January-February 2017.

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.

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