Finance

Finance

Azerbaijan increases negative balance on services by 1.7 times

14 December 2011 09:32 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Total volume of the mutual services in the structure of economic relations with foreign countries made $ 5 799.6 mln, in 2010, According to CBA, $ 3 904.2 mln of this made by services consumed by non-residents to Azerbaijanâ€™s residents, $ 1 895.4 mln by Azerbaijanâ€™s residents to non-residents.

Thus, the negative balance on services was $ 2 008.7 mln, during the same period, up 74.4% compared to a year ago.

21.2% of mutual services turnover came from operations on transport. Total cost of transport services made $ 1 231.2 mln and 53.2% of this was related to using of Azerbaijani residents the transport facilities of foreign countries. Total cost of services consumed by Azerbaijani residents to foreign residents made stood at $ 576.7 mln. Thus, the negative balance on transport services made $ 77.9 mln.

Services to the foreign residents on tourism amounted $ 832.8 mln. In turn, the tourism services consumed by foreign residents to Azerbaijanis in their country stood at $ 1 151.3 mln. As a result, the negative balance on tourism made $ 318.5 mln.