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Azerbaijan records increase in paid service costs

Economy Materials 18 January 2023 19:34 (UTC +04:00)
Azerbaijan records increase in paid service costs
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 18. The cost of paid services provided to Azerbaijan's population totaled 9.25 billion manat ($5.4 billion) in 2022, increasing by eight percent against the same period of 2021, Trend reports via the State Statistical Committee of Azerbaijan.

During this period, legal entities provided the country's population with 7.019 billion manat ($4.1 billion) of services, accounting for 75.9 percent of the overall service value.

The paid services per capita averaged 919.1 manat ($540.86) in 2022, up by 144.7 manat ($85.15) against 2021.

From January through December 2022

Growth rate compared to the same period of 2021

Overall cost of paid services

9.25 billion manat ($5.4 billion)

108 percent

Public sector

2.098 billion manat ($1.2 billion)

107.4 percent

Private sector:

7.15 billion manat ($4.2 billion)

108.2 percent

Including individuals

2.2 billion manat ($1.29 billion)

108 percent

The cost of paid services rendered to citizens made up 7.75 billion manat ($4.56 billion) in 2021, growing by 4.8 percent compared to 2020.

In the reporting period, legal entities provided the country's population with 5.88 billion manat ($3.46 billion) of services, accounting for 75.9 percent of the overall service value. In 2021, paid services per capita averaged 774.4 manat ($455.7) in 2022, up by 72.7 manat ($42.78) against 2021.

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