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Price of paid services to population increases in Azerbaijan

Economy Materials 16 April 2024 00:14 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, April 15. The value of paid services rendered to the population in Azerbaijan increased by 5.8 percent from January through March 2024 compared to the same period in 2023 and amounted to 2.8 billion manat ($1.6 billion), Trend reports.

According to the State Statistics Committee of Azerbaijan, legal entities in Azerbaijan rendered services to the population of 2.1 billion manat ($1.2 billion) in the mentioned period, which is 75.6 percent of the total volume of rendered services.

The volume of paid services per capita averaged 277.6 manat ($163.2) in the reporting period of 2024, which is 20.2 manat ($11.8) more than the figure for the same period of 2023.

January-March 2023, in manat

Year-on-year growth (percent)

Total cost of paid services

2,827,400,000 ($1.6 billion)

5,8

Public sector

612,500,000 ($360 million)

7,7

Private sector

2,214,900,000 ($1.2 billion)

5,2

Out of which individuals

690,500,000 ($405.6 million)

7,3

Meanwhile, the value of paid services rendered to the population in Azerbaijan in 2023 increased by 14 percent compared to 2022 and amounted to 11.4 billion manat ($6.6 billion). During the mentioned period, legal entities in Azerbaijan provided services to the population of 8.6 billion manat ($5 billion), which is 75.8 percent of the total volume of services provided.

To note, the value of paid services rendered to the population in Azerbaijan in 2022 increased by eight percent compared to 2021 and amounted to 9.2 billion manat ($5.4 billion). Legal entities in Azerbaijan provided services to the population of 7 billion manat ($4.1 billion) in the mentioned period, which is 75.9 percent of the total volume of rendered services.

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