BAKU, Azerbaijan, January 17. The value of paid services provided to the population in Azerbaijan increased by 8.6 percent from January through December 2024 compared to the same period in 2023 and amounted to 12.8 billion manat ($7.52 billion).
Data obtained by Trend from the State Statistics Committee of Azerbaijan reveals that, legal entities delivered services worth 9.69 billion manat ($5.7 billion) during this period, accounting for 75.3 percent of the total.
In 2024, the average cost of paid services per capita was 1,262 manat ($742.3), a 139 manat ($81.7) increase from the same period in 2023.
|
January-December 2024, manat |
Year-on-year growth, percent |
|
|
Paid services in total |
12.8 billion manat ($7.52 billion) |
8,6 percent |
|
Public sector |
2.87 billion manat ($1.68 billion) |
7,9 percent |
|
Private sector |
10 billion manat ($5.88 billion) |
8,8 percent |
|
Individual |
3.18 billion manat ($1.87 billion) |
11 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 8.65 billion manat ($5 billion) worth of services, accounting for a lion's share of 75.8 percent of the total.