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Azerbaijani population’s nominal income down in 2020

Finance Materials 21 January 2021 17:22
Azerbaijani population’s nominal income down in 2020

BAKU, Azerbaijan, Jan. 21

By Zeyni Jafarov - Trend:

The nominal income of the Azerbaijani population in 2020 decreased compared to 2019, Trend reports citing a report by the Azerbaijani State Statistics Committee.

According to the State Statistics Committee, the nominal income of the Azerbaijani population amounted to 55.7 billion manat ($32.8 billion) from January through December 2020, which is 1.8 percent less than in 2019.

The nominal per capita income in Azerbaijan decreased by 2.5 percent and amounted to 5,587.6 manat ($3,286.8) in 2020.

The nominal volume of GDP in 2020 in the country amounted to 72.4 billion manat ($42.6 billion), which is 4.3 percent less than in 2019.

In accordance with the statistics, the volume of GDP in the non-oil sector amounted to 50.8 billion manat ($29.9 billion) from January through December 2020, which is 2.6 percent less than in 2019.

GDP per capita for 2020 amounted to almost 7,262.8 manat ($4,272.2), decreasing by five percent compared to 2019.

After the payment of all mandatory and voluntary payments, the population’s remaining income reached 50.7 billion manat ($29.8 billion), which is also 2.9 percent less than in 2019.

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