Finance

Finance

Azerbaijan sees 33% growth in negative balance on services

18 December 2013 08:43 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Total volume of the mutual services in the structure of economic relations with foreign countries made $ 9,268.8 mln in January-September, 2013. According to CBA, of this, $ 6,209.9 mln came from services consumed by non-residents to Azerbaijan’s residents, $ 3,058.9 mln by Azerbaijan’s residents to non-residents.

Thus, the negative balance on services was $ 3,151.0 mln, during the same period, up 32.6% compared to a year ago.

14.0% of mutual services turnover came from operations on transport. Total cost of transport services made $ 1,298.8 mln, of which, 54.8% or AZN 711.4 mln was related to using of the transport facilities of foreign countries by Azerbaijani residents. Total cost of services consumed by Azerbaijani residents to non-residents made $ 587.4 mln. Thus, the negative balance on transport services made $ 124.1 mln, down 48.5% compared with a year earlier.

Services to the foreign residents on tourism amounted to $ 1,759.3 mln. In turn, the tourism services consumed by foreign residents to Azerbaijanis in their country stood at $ 2,102.1 mln. Consequently, the negative balance on tourism made $ 342.9 mln, up 38.3 % from previous year.