In 2021, the cost of industrial goods and services in Baku increased by 2.7% compared to 2020 and amounted to 44.7 billion manats, Report informs, citing the Baku City Statistics Office of the State Statistical Committee.
According to the committee, 77% of industrial output last year was formed in mining, 20% in processing, 2.3% in electricity, gas and steam production, distribution and supply, and 0.7% in water supply, waste treatment and processing sectors.
The share of the private sector in the industry was 84.2%.
Most of the products were sent to consumers. taking into account the reserves created in previous periods, as of January 1, 2022, the stocks of finished products in the warehouses of industrial enterprises amounted to 282.5 million manats. The warehouses also contained other products purchased from other enterprises and intended for sale in the amount of 81.1 million manats.