Investments in Azerbaijani Economy Grew by 5,6% in January
OREANDA-NEWS. February 19, 2010. The State Statistics Committee (SSC) informs that last month capital investments in country’s economy totaled AZN 401.3 million (US501.625 million in accord with average exchange rate: AZN 0.8 to the US dollar) that is by 5.6% more versus January 2009.
The forecast for 2010 was fixed at the level of AZN 11.315 bn (US 14.07 bn) with rise of 12.5% and actual investments made up 3.5% of the 2010 forecast and their growth turned out by 6.9% less than it was expected.
In accordance with data of SSC, this January domestic sources’ investments totaled AZN 182.8 million (US 228.5 million) that makes up 1.96% of the 2010 forecast of AZN 9.3 bn (US 11.6 bn) with growth of 15.5%.
Foreign investments made AZN 218.5 million (US 273.125 million) that makes up 11.06% of the forecast for 2010 of AZN 1.975 bn (US 2.455 bn) with zero growth.
As a result, tendency of domination of domestic investments started in May 2007 stopped this January. In January 2009 its stoppage was observed as well.
In 2009, foreign investments made up 20.1% of all investments and domestic investments 79.9%.
In 2007 this ratio was 40.4% and 59.6% and in 2008 – 24.5% and 75.5% respectively.
Last year the best index of domestic investments was registered in February (AZN 927.12 million), while the best index of foreign investments was registered in October (AZN 241.7 million).
This January investment sources were enterprises’ funds (AZN 258 million with 48.5% rise), bank loans (AZN 29.6 million with growth by 3.9%), budget finances (AZN 13.1 million with rise of 9.1%), budgetary funds (AZN 12.4 million with decline by 78.7%), and population’s funds (AZN 13.1 million with rise of 9.1%)
This January state investments totaled AZN 155.7 million (85.2% of country’s all internal investments) and private investments AZN 80.7 million.
In 2009, capital investments in Azerbaijani economy reached AZN 7.358 bn (US9.198 bn) that is by 18.7% less against the 2008 figure.
In 2008, Azerbaijani economy was invested AZN 9.07 bn (US 11.065 bn; USD 1 = AZN 0.82) that exceeds investments in 2007 by 34.3%. In 2006, Azerbaijani economy was invested AZN 5.963 bn (US 6.7 bn) with growth of 14.8% and in 2007 - AZN 6.774 bn (US 7.97 bn) with growth of 17.8%.
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