BAKU, Azerbaijan, November 25. The nominal income of Azerbaijan's population grew by 5.8 percent, or 3.75 billion manat ($2.2 billion), from January through October 2024 compared to the same period of 2023 and reached 68 billion manat ($40 billion).
The data obtained by Trend from the country's State Statistics Committee shows that per capita income grew by 5.3 percent, or 336.5 manat ($197.9), in the mentioned period. The indicator of the population's income growth after payment of all mandatory and voluntary contributions amounted to 5.5 percent, or 3.14 billion manats ($1.84 billion), compared to the same period of 2023. Meanwhile, per capita income grew by five percent, or 280.9 manat ($165.2).
|
from January through October 2024 |
from January through October 2023 |
Year-on-year growth (percent) |
|
|
Nominal income of the population (in manats) |
68 billion manat ($40 billion) |
64.3 billion manat ($37.8 billion) |
5,83 percent |
|
Per capita income (in manats) |
6,676 manat ($3,927) |
6,339 manat ($3,728) |
5,31 percent |
|
Income left at the disposal of the population (in manats) |
59.9 billion manat ($35.2 billion) |
56.8 billion manat ($33.4 billion) |
5,53 percent |
|
Per capita income (in manats) |
5,880 manat ($3,458) |
5,599 manat ($3,293) |
5,02 percent |
Azerbaijan's nominal income in 2023 increased by 12.85 percent, or 8.8 billion manat ($5.1 billion), compared to 2022 and reached 78.05 billion manat ($45.9 billion).
To note, the per capita income grew by 12.2 percent, or 835.9 manat ($491.7) in the mentioned period. The growth rate of personal income after payment of all mandatory and voluntary contributions amounted to 12.83 percent, or 7.8 billion manat ($4.5 billion), compared to the same period of 2022. At the same time, per capita income grew by 12.19 percent, or 741.8 manat ($436.3).
