BAKU, Azerbaijan, September 12. Azerbaijan's retail trade turnover increased by 3.5 percent from January through August 2024, compared to the same period in 2023, reaching almost 37.2 billion manat ($22 billion).
Data obtained by Trend from the country's State Statistics Committee shows that turnover for food, beverages, and tobacco products rose by 1.9 percent to 20.6 billion manat ($12 billion), while turnover for non-food goods increased by 5.5 percent to 16.6 billion manat ($9.7 billion).
During the reporting period, consumer spending was allocated as follows: 50.8 percent on food products, 4.5 percent on beverages and tobacco products, 13 percent on textiles, clothing, and footwear, 5.7 percent on motor fuel, 4.9 percent on electrical goods and furniture, 2.2 percent on pharmaceutical goods and medicines, 1.2 percent on computers, and 17.7 percent on other non-food products.
The value of goods sold by economic entities in the non-state sector grew by 3.5 percent compared to 2023 and accounted for 99.7 percent of the total retail trade turnover.
The average monthly per capita retail trade turnover in Azerbaijan was 456.1 manat ($268.29), with 252.2 manat ($148.3) allocated to food, beverages, and tobacco products, and 203.9 manat ($119.9) to non-food products.
To note, in 2023, retail trade turnover in Azerbaijan increased by 3.7 percent compared to 2022, reaching 58.99 billion manat ($34.7 billion). Turnover for food, beverages, and tobacco products grew by 2.5 percent to 33 billion manat ($19.4 billion), while non-food products saw a 5.2 percent increase to 26 billion manat ($15.29 billion).