atn-trans.com
The devaluation suits carriers
In January-June 2016 from the transit of goods along the TRACECA corridor through the territory of Azerbaijan was profited 88.3 million manat, by 22.2 million manat, or 40% more than in the same period of last year. According to the State Statistics Committee, over six months of the year through the territory of the country were transported 3.567.600 tons of cargo, which is by 30% less than in January-June 2015.
Calculation of railway workers and seamen on freight traffic is made in foreign currency, and then income will be converted into the national currency - manat. Due to the high exchange rate difference carriers receive a handsome profit. Therefore, despite the reduction in traffic, carriers incomes in manat increase. 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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