15:45 - 23.12.2022

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December 23, Fineko/abc.az. State Budget revenues increased by 21.6 times and expenditures by 22.2 times in 2003-2021, ABC.AZ quotes Vusal Gasimli, the executive director of the Center for Analysis of Economic Reforms & Communications.

“Population’s nominal incomes increased 10-fold and its deposits in banks 36.7-fold. The average monthly nominal salary for Jan-Dec 2021 grew 9.5-fold (versus Jan-Dec 2003), and the average monthly pension amount increased 13.9-fold. The minimum wage increased 27.8-fold, and the minimum size of the labor pension 10-fold. From 2003 to 2021, the population increased by 1,807,300 people or by 21.7%," Gasimli said.

He noted that in 2003-2021, the number of countries with which Azerbaijan established foreign trade relations increased from 124 to 188, or by 51.6%:

 “Foreign trade turnover increased 6.5 times, including imports 4.5-fold and exports 8.6-fold. And the export of nonoil-gas products grew 7.3-fold."