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Azerbaijani population's nominal incomes grow for 11M2023

Economy Materials 15 December 2023 15:48 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 15. The nominal incomes of the Azerbaijani population, according to preliminary data, increased by 12.83 percent, or 7.9 billion manat ($4.6 billion), and reached 70 billion manat ($41 billion) from January through November 2023 year-on-year, Trend reports via the country's State Statistics Committee of Azerbaijan.

According to the committee's figures, per capita income increased by 12.17 percent, or 750 manat ($441), throughout the designated time.

After deducting all mandatory and voluntary payments, population income increased by 12.82 percent, or seven billion manat ($4 billion). In addition, per capita income increased by 12.82 percent, or 665 manat ($391).

From January through November 2023

From January through November 2022

Year-on-year growth (%)

Nominal incomes of the population

70 billion manat ($41 billion)

62 billion manat ($36 billion)

12.83

Per capita income

6,917 manat ($4,070)

6,166 manat ($3,630)

12.15

Income remaining at the disposal of the population

62 billion manat ($36 billion)

55 billion manat ($32 billion)

12.82

Per capita income

6,139 manat ($3,610)

5,474 manat ($3,220)

12.5

The nominal income of the Azerbaijani population in 2022 increased by 20.5 percent, or 11.7 billion manat ($6.9 billion), compared to 2021 and reached 68.9 billion manat ($40.5 billion). During this period, per capita incomes in Azerbaijan increased by 19.9 percent, or 1,134 manat ($667.2).

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