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Azerbaijan’s internal trade turnover exceeded $27.69 bn and 43.4% of GDP for 2011
Baku, Fineko/abc.az. The growth rate of Azerbaijan’s internal trade turnover (with taking into account services to the population) for 2011 exceeded 99-fold the rate of growth of country’s real GDP against 1.88-fold in 2010. As a result, internal trade turnover made up 43.49% of GDP (AZN 50.069 bn) versus 44.27% of GDP in 2010 and 46.03% of GDP in 2009. The State Statistics Committee reports that for as of 1 January 2012 Azerbaijan’s internal trade turnover totaled AZN 21.778 bn ($27.69 bn in accord with exchange rate of AZN 0.7865 to the US dollar by the reported date) and exceeded the 2010 indicator by 9.9%. In 2010 Azerbaijan’s internal trade turnover totaled AZN 18.404 bn ($23.065 bn with exchange rate of AZN 0.7979 to the US dollar by 1 January 2011). In 2009 Azerbaijan’s internal trade turnover totaled AZN 15.916 bn ($19.819 bn in accord with exchange rate of AZN 0.8031 to the US dollar). At that, internal trade turnover per capita for Jan-Sept 2011 reached AZN 187.5 a month versus AZN 171.7 in 2010 and AZN 149.5 in 2009. In 2011 the state sector provided only AZN 1.46 bn of internal trade turnover (+1.3%) and the non-state sector AZN 20.315 bn (+10.6%). Last year retail trade turnover ensured 75.5% of overall turnover and services to the population 24.5%. Retail trade turnover totaled AZN 16.445 bn with growth of 10.6%, while volume of paid services AZN 5.3 bn with rise of 7.8%. Retail trade turnover per capita reached AZN 151.4 a month and paid services AZN 49.1. Over 2010 retail trade turnover ensured 70.7% of overall turnover and services to the population 29.3%. Retail trade turnover totaled AZN 13.679 bn with growth of 9%, while volume of paid services AZN 4.7 bn with rise of 10.8%. Retail trade turnover per capita reached AZN 127.6 a month and paid services AZN 44.1. In 2009 retail trade turnover made up 69.5% of overall turnover and services to the population 30.5%. Retail trade turnover was AZN 11.828 bn with growth of 8.9%, while volume of paid services AZN 4.088 bn with rise of 12.5%. Retail trade turnover per capita reached AZN 111.1 and paid services AZN 38.4.
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