According to the State Statistics Committee, in January-August incomes amounted to 24 billion manat (+ 5.1% for September 1 last year). Average income per capita also rose (+3.8%) - up to 2 559.9 million or 320 manat per month. Committee on Statistics "forgot" that the technique does not allow to average incomes of state employees receiving from 140 to 300 manat and highly paid managers with salaries of up to 20 000 manats.
Statistics estimated that 70.2% of income spent on final consumption, 18% - on capital gains and bank accounts, 9.1% - for the payment of taxes, social insurance and voluntary contributions. --17D-
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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