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Iteca Caspian - Investments in Azerbaijan grow with annual rate of 3.5%

Investments in Azerbaijan grow with annual rate of 3.5%
18.08.2015

News

In July investments in Azerbaijan fell by 4.4% compared with June 2015.

The State Statistics Committee (SSC) informs that for Jan-Jul 2015 capital investments in the country’s economy totaled AZN 9.368 bn ($8.927 bn in accordance with the exchange rate by the end of reported term: AZN 1.0495 to the US dollar) that exceeded their volume for Jan-Jul 2014 by 3.5%. For comparison, in January investments reached AZN 682.7 million, in February  AZN 1.014 bn, in March AZN 1.535 bn, in April AZN 1.635 bn, in May AZN 1.547 bn, in June AZN 1.509 bn, and in July AZN 1.4 bn. In December 2014 investments reached AZN 2.922 bn (last year’s peak).

According to the SSC, over Jan-Jul domestic sources invested AZN 5.49 bn or 58.6% of all investments. Foreign investments totaled AZN 3.87 bn or 41.4% of all investments.

The main sources of investments for Jan-Jul 2015 were enterprises’ finances (AZN 6.77 bn, +31%), budget finances (AZN 1.66 bn with 48.3% decrease), bank loans (AZN 443.3 million, +51%), extra-budgetary funds (AZN 153.8 million, -6.4%), and population’s finances (AZN 273.2 million, +15.5%).

For comparison, in 2014, the economy of Azerbaijan was invested AZN 17.615 bn of capital investments (-1.7% year-on-year) with the peak in December (AZN 2.9 bn). In the 1st quarter the volume of investments amounted to AZN 3.125 bn, 2nd quarter AZN 4.5 bn, the 3rd quarter AZN 4.2 bn, and the 4th quarter AZN 5.747 bn.

In 2014 domestic sources invested AZN 12.735 bn or 72.3% of all investments. Foreign investments totaled AZN 4.88 bn or 27.7% of all investments.

The main sources of investments for 2014 were enterprises’ finances (AZN 9.65 bn, +22.9%), budget finances (AZN 6.45 bn with decrease of 20.5%), population’s finances (AZN 566.9 million, +24%), bank loans (AZN 540.9 million, -37.3%), and extra-budgetary funds (AZN 324.6 million, -40.2%).