1. AZƏRBAYCAN RESPUBLİKASI ELM VƏ TƏHSİL NAZİRLİYİ
Azərbaycan Universiteti
Fənn :Azərbaycan iqtisadiyyatı
Mövzu:State investments in the non oil
sector in Azerbaijan
İxtisas: Biznesin idarə edilməsi
Kurs: I V
Qrup: 199409
Tələbə:Mircəlil Hüseynov, Eynullayev Emil
Müəllim:Qocayev Tural
2. State investments in the non oil sector in
Azerbaijan
Investment prospects in Azerbaijan have improved significantly
and the real contribution of this component to economic growth
will increase to 1.3 percent in 2023 from an estimated 0.9 percent
in 2022.From 2011 to 2021, this indicator averaged 0.8 percent.
3. According to the Central Bank
of Azerbaijan, capital
investment rose by 8.2% yearly
in the first eleven months of
2022, following an annual
decline of 8.2% yearly in 2021
and 7.5% per annum in 2020.
The report adds that the growth
of capital investment in the non-
oil-and-gas sector in 2021 was
7.2 percent, and in January-
November 2022, it totaled 9.1
percent in Azerbaijan. Non-oil-
and-gas sector benefitted from
the EU sanctions on Russia.
4. “We expect these flows to remain high in 2023 and therefore, non-
oil and gas capital investment will continue to rise,” the report
added.Fitch Solutions believes that another source of investment
is likely to emerge in the EU and other countries that are seeking
to increase their energy trade with Azerbaijan as an alternative
source.
5. Though the role of the oil sector was leading in the speedy
economical development marked for last 8 years in Azerbaijan but
non-oil sector becomes during last years important in the general
economical growth.
6. According to official statistics
and macroeconomic indicators
the growth in non-oil sector of
the country in recent 8years
has been more than 2.2 times.
Strategy of diversification of
the economy on account of oil
incomes has justified itself.
Azerbaijan has benefited from
natural resources to build
strong economy like each
country experienced
transitional period but could
successfully diversify the
economy due to these
resources and could minimize
it dependence on oil.
7. At the result of this strategy the steady tendency of durable
growth in sectors like construction, tourism, agriculture,
transport, information and communication technologies are
observed. As one of indicators of this tendency, more than 1
million workplaces were created in the country during recent 8
years and great part of it occurred namely in non-oil sector.
