According to the statistics of the balance of payments, accounted by the Central Bank of Azerbaijan, the Azerbaijanis in 2015 spent abroad more than foreigners in Azerbaijan.
Last year, the total turnover of travel services was at the level of $ 4 billion 912,550,000. "Record holders" are the first ($ 1 billion 339.4 million) and fourth ($ 1 billion 306 720 000) quarters. In the third quarter services were rendered for $ 1 billion 277.86 million, in the second – for $ 988.57 million.
Foreigners spent $ 2 billion 309.49 million, our compatriots abroad - $ 2 billion 603.06 million (minus $ 293.58 million). --17D-
Economics
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In 2024, Azerbaijan witnessed significant growth among rapidly expanding enterprises, particularly in the booming non-oil sector. As the government prioritizes economic diversification, companies in industries such as mining, logistics, agriculture, and manufacturing have emerged as key drivers of economic progress.
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Azerbaijan’s State Oil Fund (SOFAZ) reported a 10.7% decline in revenues from the Azeri-Chirag-Gunashli (ACG) oil field block in 2024, amounting to $740.7 million less than the previous year. Total earnings from ACG from the start of 2024 until January 1 stood at $6.16 billion, down from $6.89 billion over the same period in 2023, according to SOFAZ.
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The Azerbaijan Land Transport Agency (AYNA) has reduced the average age of taxis from 15 to 7 years in 2024 as part of comprehensive transport reforms aimed at enhancing safety, sustainability, and service quality.
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Azerbaijan's State Special Communication and Information Security Service (SSCISS) has reported vulnerabilities in the security systems of 857 information resources across state institutions in 2024, marking a 23% increase compared to 2023, according to official data released this week.
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