Azeris` income surged in 2008
The income of the Azerbaijani population increased
37.8% in 2008 compared to the previous year to hit 20.1 billion
manats ($24.8 billion), the state statistics body said.
The State Statistics Committee chairman Arif Valiyev said that per capita income rose 36.2% to reach 2,343 manats ($2,892). 66.1% of the funds were spent on consumption, while 10.2% went to tax payments, social insurance and membership fees and 23.7% on increasing deposits and capital.
Valiyev continued that the average monthly wage increased in the country last year as well. The salaries of citizens employed in the economic and social sectors rose 24.2% compared to 2007 to reach 268 manats (about $330). The wages of people working at industrial enterprises were higher - averaging $525, while those of people engaged in construction was $25 less. Transport workers received $375 a month on average, while those employed in the field of communications - $460.
The Committee chairman noted that Azerbaijani citizens maintain bank deposits worth over 1.8 billion manats (over $2.2 billion) in local banks and their volume increased 32.2% compared to 2007, despite the global financial crisis. 53.5% of the deposits are kept in the national currency. The deposits held in manats increased 67.1%, while those kept in foreign currencies rose 6.5% last year. 1.3bn manats ($1.6bn) of the deposits were held in private banks.
The State Statistics Committee chairman Arif Valiyev said that per capita income rose 36.2% to reach 2,343 manats ($2,892). 66.1% of the funds were spent on consumption, while 10.2% went to tax payments, social insurance and membership fees and 23.7% on increasing deposits and capital.
Valiyev continued that the average monthly wage increased in the country last year as well. The salaries of citizens employed in the economic and social sectors rose 24.2% compared to 2007 to reach 268 manats (about $330). The wages of people working at industrial enterprises were higher - averaging $525, while those of people engaged in construction was $25 less. Transport workers received $375 a month on average, while those employed in the field of communications - $460.
The Committee chairman noted that Azerbaijani citizens maintain bank deposits worth over 1.8 billion manats (over $2.2 billion) in local banks and their volume increased 32.2% compared to 2007, despite the global financial crisis. 53.5% of the deposits are kept in the national currency. The deposits held in manats increased 67.1%, while those kept in foreign currencies rose 6.5% last year. 1.3bn manats ($1.6bn) of the deposits were held in private banks.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
Subscribe
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!