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Azerbaijani population's 4M2021 nominal incomes slightly decline

Finance Materials 19 May 2021 22:00 (UTC +04:00)
Azerbaijani population's 4M2021 nominal incomes slightly decline

BAKU, Azerbaijan, May 19

By Zeyni Jafarov - Trend:

The nominal incomes of the Azerbaijani population in the first 4 months of 2021 decreased by 1.1 percent compared to the same period of 2020, amounting to slightly over 17 billion manat ($1 billion), Trend reports referring to the State Statistical Committee’s report.

The nominal income per capita in the reporting period lowered by 1.6 percent over the year to 1,703 manat ($1,000).

From January through April 2021, Azerbaijan's nominal GDP made up 25.08 billion manat ($14.75 billion), which is by 0.2 percent less than in 4M2020.

Meanwhile, the country’s GDP in the non-oil sector reached 15.83 billion manat ($9.31 billion), increasing by 4.1 percent compared to the same period of last year.

Azerbaijan’s GDP per capita amounted to 2,506 manat ($1,470), decreasing by 0.7 percent on annual basis.

The incomes of the population after payment of all compulsory and voluntary fees amounted to 15.26 billion manat ($8.98 billion), which is 1.7 percent less than in 4M2020.

(1 USD = 1.7 AZN on May 19)

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