In July 2014 continued decline in consumer prices, and the whole was officially registered deflation of 0.7%.
In July, as in May and June, due to the seasonal factor was registered a decline in food prices by an average of 2%. Apart from seasonal fruit (plums, peaches, grapes, apples) and melons, retail prices have fallen and peppers, beans, cucumbers and tomatoes, eggplants, onions, potatoes and other vegetables. Slightly cheaper is meat, milk and sunflower oil.
In July, consumers experienced a rise in price of some food products, including rice, flour, butter, eggs, sugar and granulated sugar, table salt, lemon, herbs, carrots and other products.
During July, tickets for trains and planes to international destinations also rose. - 08D-
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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