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Baku records growth in paid service costs in 2M2023

Economy Materials 30 March 2023 09:47 (UTC +04:00)
Baku records growth in paid service costs in 2M2023
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, March 30. The cost of paid services provided to Baku's population from January through February totaled 908.3 million manat ($534.2 million), increasing by 7.9 percent compared to the same period in 2022, Trend reports via the Baku City Statistics Department.

During this period, legal entities provided the capital's population with 832.9 million manat ($489.9 million) worth of services which compiled 91.7 percent of the total cost of services.

In 2022, the cost of paid services provided to Baku's population totaled 5.7 billion manat ($3.3 billion), increasing by 9.1 percent compared to 2021.

The value of Baku's trade turnover increased by 5 percent and totaled 30.81 billion manat ($18.1 billion) in 2022 compared to 2021. Sales of foodstuffs, drinks, and tobacco products in Baku during the accounting period rose by 16.9 percent compared to 2021, up to 18.6 billion manat ($10.9 billion).

According to Azerbaijan's State Statistics Committee, the cost of paid services provided to the population of Azerbaijan increased by 8 percent in 2022 compared to 2021 and totaled 9.2 billion manat ($5.4 billion).

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