In January of this year Azerbaijan State Statistics Committee estimated that income in terms of money grew on average by 5.3%.
According to the committee, the total income of the population was 2.3 bn AZN. Everyone in the country had an average of 246 AZN 10 kopecks. The income per capita grew by an average of 3.9%.
The Department of National Accounts of SSC told Turan, that the payment of income tax, social security contributions and other mandatory and voluntary payments to the population was 300 million manat. Thus, at the disposal of the population left 2 bn AZN. The bulk of these funds were designed to meet consumer needs.
Cost of living for 2013 was estimated by Parliament to be 116 manats. Independent public bodies estimate the figure at around 200 manats. At the same time, real wages in many sectors (education, health, culture, sports, etc.) are below. Experts believe that most of the income is concentrated in the hands of the oligarchy and the highest levels of government officials. - 08B-
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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