BAKU, Azerbaijan, September 16. The value of paid services provided to the population in Azerbaijan increased by 8 percent from January through August 2024 compared to the same period in 2023 and amounted to 7.968 billion manat ($4.68 billion).
Data obtained by Trend from the State Statistics Committee of Azerbaijan reveals that, legal entities delivered services worth 5.988 billion manat ($3.52 billion) during this period, accounting for 75.2 percent of the total.
In 2024, the average cost of paid services per capita was 781.6 manat ($459.7), a 75.6 manat ($44.4) increase from the same period in 2023.
|
January-August 2024, manat |
Year-on-year growth, percent |
|
|
Paid services in total |
7 968 200 000 ($4.11 billion) |
8 |
|
Public sector |
1 713 300 000 ($1.01 billion) |
7,6 |
|
Private sector |
6 254 900 000 ($3.52 billion) |
8,1 |
|
Individual |
1 979 500 000 ($1.18 billion) |
9 |
To note, in 2023, the total value of paid services increased by 14 percent compared to 2022, reaching 11.411 billion manat ($6.71 billion). During that year, legal entities pulled out all the stops and delivered a whopping 8.652 billion manat ($5.09 billion) worth of services, accounting for a lion's share of 75.8 percent of the total.