Bank Of Baku

Azerbaijan posts 21.9% year-on-year rise in personal income

Azerbaijan posts 21.9% year-on-year rise in personal income
# 19 February 2009 13:48 (UTC +04:00)
Baku. Nijat Mustafayev – APA-ECONOMICS. The total income earned by Azerbaijani population during January stood at AZN 1 434.7 million, up 21.9% on a year ago.
The State Statistical Committee said earnings per capita on month reached AZN 166.6 or $207.4 on average, up 20.5 on a year earlier.

Of this, people used 84.6% for consumption expenses, 12.4% for taxes, social insurance and voluntary membership dues and 3% for increasing savings and capitals. The population’s net income after taxes, compulsory charges and voluntary membership dues stood at AZN 1 256.5 million in total, up 21.6 on a year earlier.
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