Volume of services in Azerbaijan’s tourism sector up by 7.8 pct in 2019
By Akbar Mammadov
The volume of services in the field of tourist accommodation and public catering in Azerbaijan amounted to $1.1 billion in 2019, which accounted to 2.4 percent of the country’s GDP, local media reported on 14 April, citing a source within the government.
This indicator represents a 7.8-percent-increase compared to 2018.
In addition, investments in fixed assets through tourist accommodation and catering amounted to $35 million in 2019, which is 65.1 percent less than in 2018.
It should be mentioned that all investments were generated from domestic sources.
Overall, during the past fove years (2015-2019), investments in fixed assets in this direction amounted to 974 million manats ($574 million).
It should be noted that 3 million 170.4 thousand tourists visited Azerbaijan in 2019, which is 11 percent more compared to 2019.
Of them, 29.4 percent were citizens of the Russian Federation, 22.9 percent-Georgia, 10 percent-Turkey, 8.1 percent-Iran, 3.4 percent-Saudi Arabia and 2.2 percent-the United Arab Emirates.
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Akbar Mammadov is AzerNews’ staff journalist, follow him on Twitter: @AkbarMammadov97
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