Baku, Azerbaijan, June 16
By Azad Hasanli - Trend:
Foreign citizens have spent $1 billion in Azerbaijan in January-March 2016, as compared to $1.1 billion in the first quarter of 2015, according to the balance of payments issued by the Central Bank of Azerbaijan (CBA) June 16.
The transportation sphere accounted for 57.2 percent ($256 million) of the services rendered to foreign citizens in Azerbaijan, according to the CBA data.
The transportation costs of foreign citizens in Azerbaijan have increased by 8.1 percent in January-March 2016, as compared to the same period in 2015.
Foreign citizens have spent $236.7 million on transportation services in Azerbaijan in the first quarter of 2015.
This is while Azerbaijani citizens have spent $1.7 billion abroad in January-March 2016, as compared to $2.2 billion in the first quarter of 2015.
The counter services held one of the leading places in Azerbaijan's foreign economic relations in January-March 2016. Their turnover stood at $2.7 billion, of which 16.5 percent or $448 million accounted for transportation services.
