In September in Baku, as well as in other major cities of Azerbaijan, food prices on average remained unchanged. During the month, there were some changes in the prices of food products. Prices fell for sugar by 5% and for buckwheat by 9%. But the prices of flour slightly increased - by an average of 14%. In connection with the season there was increase in prices for agricultural products - an average of 5%. In general, compared to the same period last year, prices rose on average by 1.8%.
In comparison with the beginning of the year there was a decline in prices of 2.5%. Experts believe that in the coming days there will be stability in the prices of food products. They also predict that the prices of agricultural products will rise rather due to the end of the summer season.-0--
The prices are shown in the table below (in AZN per kg):
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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