Value of services in Azerbaijan’s ICT sector rose by 16% in November

Information and communication enterprises in Azerbaijan delivered services worth just over 3.188 billion manats (approximately $1.876 billion) in the first 11 months of 2024, marking a 12.5% 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 71.9%.

In November alone, the value of services provided by information and communication enterprises reached 325 million manats ($191.1 million), reflecting a 16% increase compared to the same period in 2023.