Bank Of Baku

Nominal incomes grow 11% in Azerbaijan year-on-year

Nominal incomes grow 11% in Azerbaijan year-on-year
# 18 September 2010 09:23 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. During the period of January and August, Azerbaijani population’s total nominal incomes rose by 11%, to AZN 15.8 bln, the State Statistical Committee told APA.

The per capita earnings of Azerbaijani population grew 9.8% to AZN 1 776.8.

Of the revenue, people spent 69.6% on consumption expenses, 9.4% for taxes, social insurance and voluntary membership dues and 19.4% for increasing savings and capitals.

The population’s net income after taxes, compulsory charges and voluntary membership dues grew by 11.7%, year-on-year, to AZN 14.3 billion.
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