Azernews.Az

By Aynur Karimova

Azerbaijan’s State Statistics Committee has revealed the volume of investment made in the country’s oil and non-oil sectors in January-December 2014.

The committee said about 66.1 percent or 11.651,6 billion manats invested earlier in the fixed capital was allocated to the development of the non-oil sector while around 5.964,2 billion manats or 33.9 percent were invested in oil sector of the country.

Investment in the country's non-oil sector has decreased by 9 percent, while in the oil sector it increased by 16.6 percent.

The committee also noted that about 41.4 percent of investments fell to the industry, 20.8 percent – construction, 7 percent - transport, storage facilities, public administration, 7.4 percent - recreation, entertainment and culture, 2.8 percent - education, 2.3 percent - rendering the administrative and additional services, 1.7 percent - agriculture, 0.1 percent - real estate operations, financial, insurance activity, 0.8 percent - communication and information, 4.9 percent - trade, 1.1 percent - tourist accommodation and public catering, and 0.2 percent - professional, technical and scientific activity.

Around 72.3 percent of the total volume of investments fell to domestic investments. They decreased by 5.4 percent during a year.

Around 9.654 billion manats or 54.8 percent of the total volume of investments were invested in fixed capital at the expense of funds of enterprises and organizations, 540.9 million manats (3.1 percent) - bank loans, 6.452.2 billion manats (36.6 percent) - budgetary funds, 324.6 million manats (1.8 percent) - off-budget funds' resources, 566.9 million manats (3.2 percent) - the population's income and 77.2 million manats (0.5 percent) - other resources.

The Statistics Committee went on adding that the total volume of industrial production amounted to 31.9 billion manats in the reported period, which is 0.7 percent less compared to the same period of 2013.

Non-oil sector of the country increased by 6.9 percent compared with 2013. This comes as the oil sector decreased by 2.4 percent within the same period.

The production volume in the mining industry amounted to 22.2 billion manats. In January-December 2014, the volume of oil production amounted to 41.89 million tons, and gas extraction-18.7 billion cubic meters. In 2014, oil production decreased by 2.8 percent while gas extraction increased by 4.9 percent compared to 2013.

Aynur Karimova is AzerNews’ staff journalist, follow her on Twitter: @Aynur_Karimova

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