Azerbaijan observes surge in value of services in ICT sector

Information and communication enterprises in Azerbaijan delivered services worth just over 1.939 billion manats ($1.14 billion) in the first seven months of 2024, marking a 12.6% increase year-on-year, Report informs, citing the country’s State Statistical Committee.

The non-state sector accounted for 84% of the income generated in this sector, while the population contributed 74%.

In July alone, the value of services provided by information and communication enterprises reached 321 million manats (approximately $188.8 million), reflecting a 7.7% increase from the previous month and a 12.4% rise compared to the same period in 2023.