Bank Of Baku

Azerbaijan posts 20% year-on-year rise in per capita income

Azerbaijan posts 20% year-on-year rise in per capita income
# 29 April 2009 07:55 (UTC +04:00)
Baku. Nijat Mustafayev – APA-ECONOMICS. The total income earned by Azerbaijani population during January-March stood at AZN 5 billion, said the State Statistical Committee.
The top body said earnings per capita rose by 19.6% year-on-year to AZN 575.8 for the three months or AZN 191.9 per month on average.
Of this, people used 70.5% for consumption expenses, 10.3% for taxes, social insurance and voluntary membership dues and 19.2% for increasing savings and capitals. The population’s net income after taxes, compulsory charges and voluntary membership dues stood at AZN 4.5 billion in total, up 22.3% on a year earlier.
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