Income of Azerbaijani population increases
Baku, Azerbaijan, Nov. 21
By Anvar Mammadov – Trend:
Nominal income of Azerbaijan’s population increased by 8.7 percent and reached 36.64 billion manats (1.7091 AZN/USD on Nov. 21) in January-October 2016, as compared to the same period of 2015, said the Azerbaijan’s State Statistics Committee report on the results of ten months of 2016.
The report says that per capita income amounted to 3,804.5 manats during the reporting period, or 380.45 manats per month, which is by 7.5 percent more than in January-October 2015.
Net income of the population increased by 9.1 percent and amounted to 33.31 billion manats in January-October 2016 as compared to the same period of 2015, according to the report.
During the period, 78.9 percent of population’s income was directed to consumption expenditure, 9.1 percent – tax, insurance and membership contributions, 2.6 percent – payment of loan debts and 9.4 percent – savings.