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Has household income or spending increased more? – Official statistics


In March of this year, the average nominal income of each resident of the country was 869 manats 60 kopecks.
A calculation by Yeniavaz.com, citing published official data, shows that in March, after deducting taxes and other obligatory payments, the income remaining at the disposal of each resident of the population amounted to 730 manats 50 kopecks.
It should be noted that in March last year, the disposable income of each resident of the population amounted to 698 manats 60 kopecks. Over the year, this figure increased by 31 manat 90 kopecks or 4.6%.
It should also be noted that although household incomes have increased over the past year, the share of money spent in retail chains in income has not changed.
Thus, in March last year, each resident of the population spent 60.1% (420 manats) in retail trade networks, and in March of this year - 60.3% (440.9 manats).
This also means that household incomes and expenditures have grown at approximately the same level.

Elnur Ali
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