International money transfers from Azerbaijan fall 1,5-fold

Baku. 18 December. REPORT.AZ/ In January-September, the deficit of balance of the primary income for oil-gas sector in Azerbaijan amounted to $ 1,326 million, the surplus for non-oil sector was $ 65 million.

Report informs referring to the Central Bank of Azerbaijan (CBA), as a result the deficit of the primary income, balance decreased by 1.4-fold to $ 1,261 million as compared with the same period in 2016.

Total turnover of primary income revenue and payments amounted to $ 3 billion. 71.3% ($ 2.1 billion) of it accounted for payments made from Azerbaijan to non-residents.

In the reporting period, total value of transactions carried out with foreign countries on secondary income was estimated at $ 1.1 billion. As a result, the surplus of secondary income balance totaled $ 505 million. 

90.6% or $ 725.5 million of the total revenues on secondary income accounted for money transfers made by physical persons from abroad which is 1.7% more than in last year.

The value of humanitarian and aid goods brought to the country in total revenues on secondary income was 5.1%, while other revenues accounted for 4.3%.