Income of Azerbaijani population rising

Business Materials 20 November 2017 10:57 (UTC +04:00)

Baku, Azerbaijan, Nov. 20

By Anvar Mammadov – Trend:

The nominal income of the Azerbaijani population increased by 8.2 percent in January-October 2017 as compared to the same period of 2016, and reached 40.19 billion manats, according to a report of the country’s State Statistics Committee.

The report says that the per capita income in the period was 4,131 manats or 413.19 manats per month, with an increase of 7.2 percent.

The income that remained at the disposal of the population accounted for 36.77 billion manats in the period that is 8.2 percent more than in January-October 2016.

According to the report, 85.3 percent of the population’s incomes accounted for consumer spending, 8.5 percent – for taxes, social insurance and voluntary membership fees, 1.8 percent – for interest payments on loans, and 4.4 percent – for fees.

(1.7002 manats = 1 USD on Nov. 20)