Saturday, November 9, 2019

Shoes as an economic indicator

Look at the numbers in order to understand the level of customs and the hidden economy. Really good sample:

For seven months of this year, 23 million 196 thousand pairs of shoes were imported into Azerbaijan. This product is declared for a total value of 48 million dollars. This was reported by the State Customs Committee.
According to the State Customs Committee, shoes imported for commercial purposes are declared at an average price of $ 2. According to the estimates of the State Statistics Committee, carried out in order to determine the level of consumer prices, men's shoes are sold at retail at an average price of 24 to 42 manats (14.1-24.7 US dollars), women's shoes - from 14 to 41 manats (8.2 -24.1 US dollars), and children's shoes - from 16 to 19 manats (9.4-11.1 US dollars).

These numbers include shoes that are sold for 100 USD as well.

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