Household incomes in Azerbaijan projected to rise by 26.5% in 2026-2029

In 2026, nominal household incomes in Azerbaijan are forecasted to reach 97.4 billion manats (just under $57.3 billion), Report informs, referring to the country's Finance Ministry.

Projections indicate that incomes will grow to 105.3 billion manats (over $61.9 billion) in 2027, 113.4 billion manats ($66.7 billion) in 2028, and 123.2 billion manats ($72.47 billion) in 2029.

This marks a cumulative increase of 26.5% over the four-year period from 2026 to 2029.

Household expenditures are also expected to rise, reaching 95.5 billion manats (approximately $56.2 billion) in 2026, 103.3 billion (over $60.76 billion) in 2027, 111.2 billion (just over $65.4 billion) in 2028, and 120.6 billion manats (almost 71 billion) in 2029.