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Nominal income of Azerbaijan's population up in 4M2023

Economy Materials 22 May 2023 15:54 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 22. The nominal incomes of the Azerbaijani population from January through April 2023 increased by 15 percent, or 3 billion manat ($1.7 billion) year-on-year, and reached 23.5 billion manat ($13.8 billion), Trend reports citing the preliminary data of State Statistics Committee.

According to the data, per capita income grew by 14.27 percent, or 290.1 manat ($170.6), during the specified period.

The figure of population's income growth after payment of all mandatory and voluntary contributions amounted to 15.3 percent, or 2.7 billion manat ($1.5 billion) compared to the same period in 2022.

At the same time, per capita income rose by 14.6 percent, or 259.6 manat ($152).

From January through April 2023

From January through April 2022

Difference between 2022 and 2023 (percent)

Nominal income of population

23.5 billion manat ($13.8 billion)

20.4 billion manat ($11.9 billion)

+14.98

Income per capita

2,323 manat ($1,366)

2,033 manat ($1,195)

+14.27

Remaining income of population

20.6 billion manat ($12.1 billion)

17.9 billion manat ($10.5 billion)

+15.32

Income per capita

2,037 manat ($1,198)

1,777 manat ($1,045)

+14.6

The nominal income of the Azerbaijani population in 2022 rose by 20.5 percent, or 11.7 billion manat ($6.8 billion) compared to 2021, and reached 68.9 billion manat ($40.5 billion). During this period, income per capita in Azerbaijan increased by 19.9 percent, or 1,134 manat ($667).

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