Baku, Azerbaijan, June 14
By Azad Hasanli - Trend:
In January-March 2018, Azerbaijani residents were provided with tourist services in foreign countries in the amount of $619.7 million, according to the balance of payments of the Central Bank (CBA), published on June 14.
Most of this amount (78.5 percent) was spent by Azerbaijani citizens in foreign countries on personal trips. In January-March 2017, these figures were $617 million and 71.7 percent respectively.
According to the balance of payments, the mutual turnover of tourism services amounted to $1.3 billion (an increase of 1.5 percent compared to the same period last year). The surplus in tourism services rose by 26.9 percent to $65.8 million over the same period.
In general, the non-resident has rendered to Azerbaijani residents services in the amount of $1.65 billion, as follows from the balance of payments of the Central Bank.
As noted, in turn, residents of Azerbaijan provided services to non-residents in the amount of $1.16 billion. In 2017, these figures were $8.1 billion and $4.7 billion, respectively.
As a result, during the reporting period, a deficit of $497.3 million formed in the balance of services ($3.4 billion in 2017). Most of the deficit - $482 million is associated with the oil and gas sector. It is noteworthy that $ 407 million from this amount fall on the services provided to the residents of Azerbaijan in the construction sector.
According to the balance of payments, also $559 million fell on mutual transport services.
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