Baku/19.04.19/Turan: In the first quarter of this year, the nominal income of the population of Azerbaijan amounted to about 12.6 billion manat (7.4 billion manat). Over the past three years, this figure increased by 2.3 billion manat, according to the State Statistics Committee.
According to official data, compared with the same period of 2018, incomes of the population increased by 5.5%. Cash income per capita in the first three months amounted to an average of 1,275 AZN 70 gapik ($ 750.4). In January-March 2016, per capita income increased by 202 manat.
Officially, consumer prices in Azerbaijan rose in the first quarter at an annualized rate of 2.1%. Thus, the real income growth of the population was 3.4%.
Since January 1, due to changes in the system of taxation of individuals for the private sector, the wage bill has increased. And from March 1, the government raised the size of the minimum wage, retirement pensions and social benefits, which also affected the growth of household income.--0-
Economics
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