OREANDA-NEWS. January 19, 2011.  December’s investments in Azerbaijani economy increased 3.1-fold compared to November of the year – up to a new absolute record for month.

The State Statistics Committee (SSC) informs that for 2010 capital investments in country’s economy totaled AZN 9.715 bn. (USD 12.1 bn in accord with average exchange rate: AZN 0.8 to the US dollar) that is by 21.2% more versus 2009. At that, December’s investments totaled AZN 2.01 bn (the best index of investment per month for entire history) versus AZN 646.7 million in November, AZN 900 million in October and AZN 939.7 million in September.

The forecast for investments for 2010 was fixed at the level of AZN 11.315 bn (USD14.07 bn) with rise of 12.5% and actual investments made up 85.9% of the year forecast and their growth turned out by 8.7% higher than it was expected.

According to the SSC data, over 2010 domestic sources’ investments totaled AZN 7.309 bn (USD 9.14 bn) that makes up 78.3% of the 2010 forecast of AZN 9.3 bn (USD 11.6 bn) with growth of 15.5%.

Foreign investments totaled AZN 2.405 bn (USD 3.007 bn) that makes up 121.8% of the 2010 forecast of AZN 1.975 bn (USD 2.455 bn) with zero growth.

Tendency of domination of domestic investments in Azerbaijani economy over external ones, which stopped in January, strengthened in December.

Last month internal investments reached AZN 1.439 bn versus AZN 571.1 million of foreign investments or 71.6% and 28.4% of all investments respectively. In 2010 ratio was 75.2% and 24.8% respectively.

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).

Over the past year the key sources of investments were enterprises’ funds (AZN 4.9 bn with 24.6% rise), budget finances (AZN 3.18 bn with rise of 13.3%), bank loans (AZN 623.4 million with rise by 44%), extra-budgetary funds (AZN 568 million with rise of 13.9%), and population’s funds (AZN 407.1 million with rise of 26.8%).

Over 2010 state investments totaled AZN 5.829 bn and non-state investments AZN 3.885 bn.  Investments from State Budget amounted to AZN 3.025 bn against target for 2010 of AZN 3.549 bn.

In 2009, capital investments in Azerbaijani economy reached AZN 7.358 bn (USD 9.198 bn) that was by 18.7% less against the 2008 figure. In 2008, Azerbaijani economy was invested AZN 9.07 bn (USD 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 (USD 6.7 bn) with growth of 14.8% and in 2007 - AZN 6.774 bn (USD 7.97 bn) with growth of 17.8%.