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In January-February 2024 average monthly nominal salary in the country made 946,8 manats.In January-March 2024, investments at 3809,2 million manats were directed to fixed assets.In January-February 2024 gross domestic product in amount of 18576,9 million manats was produced.In January 2024 industrial products at 5,2 billion manats were produced.For the state of 1st January of the current year winter crops for grain and green feed were sown in the area of 1025,4 thousand hectare.For the state of December 1, 2023 number of employees engaged in the country economy made 1732,6 thsd. persons.In January-April 2023, retail trade turnover increased by 2.9 percent in real terms.The foreign trade turnover of the country in January-March 2023 made 12269,3 million USD.In January-April 2023 the Republic of Azerbaijan received 522,9 thousand foreigners and stateless persons.50.2% of the total population of the country was women for the beginning of 2023.In January-March 2023, 368.9 thousand foreigners and stateless persons arrived in the Republic of Azerbaijan.In January-February 2023, retail trade turnover increased by 2.8 percent in real terms.In January-February 2023, the consumer price index was 113.9% compared to January-February 2022.50,2 percent of total number of population made up women to the beginning of 2023In 2022 cargo transportation in Azerbaijan side of the Europe-Caucasus-Asia Transport Corridor was 51420,6 thousand ton.Industrial products at 6,5 billion manats were produced in January 2023.
  1. SDDS of the IMF
  2. Production Index
Production index: brief methodology for SDDS
I. Definition of indicator, calculating methodology and applied classifications

  • Production index is the relative indicator which characterizes changing of product volume produced in comparison periods. Its main purpose is to provide a measure of the short-term changes in value added over a given reference period.
  • Calculating of production index is realized on 4 stages: In the first stage the physical volume indices are formed by means of comparison of representative products' output (average annual prices of base year) that are estimated with the same prices in cash and kind during compared periods by semi fields; in the second stage the indices by all semi fields which made each extended industrial fields are generalized based on aggregation to get indices on extended fields. In the third stage calculating of physical volume index on industry is led by summarizing of index by extended industry fields. In the fourth stage, the corrections and additions are added to physical volume index of industrial products' production that was calculated based on representative commodities taking into the account of services and production-based works.
  • The industry products are chosen on the basis of Statistic Classification of Industry Products (international PRODCOM classification) and industry activity-Economic Activity Types Classification (international NACE Rev 2 classifications - new version).

II. Coverage of data

  • To calculate, whole industry divides subfields and each field divides semi-fields (on the level of 3 digits by NACE). Industry fields of mining, manufacturing and electric energy, distribution of gas and water are used in the calculating of index.
  • Representative commodity (each field at least 70% share having on types of products each month more than 400 industry product) basket which made according to each semi fields is assumed.

III. Rules of registration

  • The activity of industrial enterprises is completely based on statistical observation.
  • The enterprises are registered by the area where actually functioned.

IV. The characteristic of base indicators

  • While calculating, index of industry production is based on in kind data on the types of produced products and then calculates by aggregating to total industry index. The indicator of value-added of basis period is used during aggregation. In case of occurred strictly changes in the structure of field appropriate amendments are done in the weights of base periods.
  • In the monthly product index, the data received in the result of observation of products that are produced by medium and large enterprises (by 726 enterprises, volume of annual turnover of which is more than 500 thousand manat and number of employees is 1-49 persons) is covered by all industry enterprises (by 2800 enterprises) annually and quarterly.
  • The data is represented at official statistical reports and presented to national statistical bodies directly or with post by registration units and national statistical bodies send information to SSC by e-mail. A few numbers of enterprises present the reports by e-mail.

V. Practice of preparing the data and other aspects.

  • The rule (a Laspeyres index) of aggregating base index is used to calculate index.
  • All enterprises report monthly data. Rarely the data on previous month is chosen if the report data left or doesn't present the rule of automated conditional calculations and imputation methods aren't applied.
  • The fields of industry -amendments are made taking into account of seasonal factors on B, C, D and E sections
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