The Ministry of Finance of Azerbaijan has published the final report (http://maliyye.gov.az/sites/default/files/2015%20hesabat.pdf) on the execution of the state budget for 2015.
According to official data, the country's GDP even against two-time devaluation of the manat decreased by 4.5 billion in comparison with the indicators of 2014, reaching 54.4 billion AZN with an average price of Azeri oil at $ 53.7 per barrel.
Industry accounted for 18.4 billion (33.9% of GDP), the service sector, including social programs - 39.4%, the construction, including the state capital investments - 12.1%, VAT - 8.3%, agriculture, forestry and fishery - 6.2%.
In 2015, the income of citizens (41.7 billion manats) per capita totaled AZN 4,380.1, 72.1% of which was directed to the final consumption, 15.9% - to the growth of savings and capital, 9.1% - to the payment of taxes and compulsory social insurance contributions, and 2.9% - to the payment of interest on loans. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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