Baku // 06.10.17Turan: Of the 602,300 tourists in Azerbaijan, more than half (about 316,000 people) have preferred five-star hotels, according to a report by the State Statistics Committee for the first half of 2017.
In 5-type hotels, there were mainly foreign tourists - 197.1 thousand people, who spent 302.2 thousand overnights in them. 95.2 thousand foreign citizens stayed in four-star hotels.
According to the SCS, 5-star hotels gained 99.6 million out of 136.6 million revenues of all hotels in the first half of the year. They paid 17 million 363 thousand manat (including VAT) to the state budget. This amounts to 80.3% of all tax payments for hotels in Azerbaijan in January-June 2017. ---08B
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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