Azerbaijan posts 12% surge in value of services in ICT sector

Information and communication enterprises in Azerbaijan delivered services worth just over 2.863 billion manats ($1.684 billion) in the first 10 months of 2024, marking a 12.1% increase year-on-year, Report informs, citing the country’s State Statistical Committee.

The non-state sector accounted for 84.3% of the income generated in this sector, while the population contributed 72.3%.

In October alone, the value of services provided by information and communication enterprises reached 308.4 million manats ($181.4 million), reflecting a 7.1% increase compared to the same period in 2023.