In 2016, income of the population in Azerbaijan amounted in nominal terms to 45 billion 395.1 million manat, increasing by 8.7%, the State Statistics Committee said.
Cash income per capita exceeded 4,700 manat (+ 7.5%) or 392.5 manat per month.
According to SSC, 76.3% of the revenue is directed to the final consumption, 8.4% - payment of taxes, insurance premiums and membership fees, and 2.9% - repayment of loans and interest on them. Citizens saved 12.4% of their income.
According to official statistics, there was growth of people’s income against the background of economic crisis, state budget cuts, the closure of jobs and so forth negative factors.
At the same time, inflation in Azerbaijan totaled 12.4% in 2016 (SSC). Thus, for the first time in many years, no real growth of the population’s incomes was noted. ---08B
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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