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Azerbaijan sees increase in paid service costs

Economy Materials 20 February 2023 17:22 (UTC +04:00)
Azerbaijan sees increase in paid service costs
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, February 20. The cost of paid services provided to Azerbaijan's population totaled 873.8 million manat ($514 million) in January 2023, increasing by 8.5 percent against the same month of 2022, Trend reports via the State Statistical Committee of Azerbaijan.

During this period, legal entities provided the country’s population with 662.7 million manat ($389.8 million) of services, accounting for 75.8 percent of the overall service value.

The paid services per capita averaged 86.3 manat ($50.76) in January 2023, which was 13.2 manat ($7.76) more than 2022’s indicator.

January 2023

Growth rate compared to Jan. 2022

Overall cost of paid services

873.8 million manat ($514 million)

108.5 percent

Public sector

190.1 million manat ($111.8 million)

109.2 percent

Private sector:

683.7 million manat ($402.18 million)

108.3 percent

Including individuals

211.1 million manat ($124.17 million)

103.4 percent

The cost of paid services rendered to Azerbaijani citizens made up 9.25 billion manat ($5.4 billion) in 2022, growing by eight percent compared to 2021.

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

In 2021, citizens were provided with 7.75 billion manat ($4.56 billion) of paid services. This figure rose by 4.8 percent compared to 2020.

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