BAKU, Azerbaijan, December 18. The cost of services rendered to the population in Azerbaijan grew by 8.5 percent from January through November 2024 compared to the figure of 2023 and amounted to 11.3 billion manat ($6.6 billion).
Data obtained by Trend from the State Statistical Committee of the Republic of Azerbaijan shows that the legal entities went the extra mile and provided services worth a whopping 8.5 billion manat ($5 billion) to the population during the reporting period, which made up a staggering 75.4 percent of the overall value of services provided.
In 2024, the average cost of paid services per capita was 1,116 manat ($656.4), a 120.5 manat ($70.8) increase from the same period in 2023.
|
January-November 2024, manat |
Year-on-year growth, percent |
|
|
Paid services in total |
11.3 billion manat ($6.6 billion) |
8,5 percent |
|
Public sector |
2.5 billion manat ($1.4 billion) |
7,8 percent |
|
Private sector |
8.8 billion manat ($5.17 billion) |
8,7 percent |
|
Individual |
28 billion manat ($16.4 billion) |
10,6 percent |
To note, in 2023, the total value of paid services increased by 14 percent compared to 2022, reaching 11.4 billion manat ($6.71 billion). During that year, legal entities pulled out all the stops and delivered a whopping 8.6 billion manat ($5 billion) worth of services, accounting for a lion's share of 75.8 percent of the total.