SOCIAL SECTOR

The first half-year of 2005 was characterized as the relative stability in the living conditions of the nation.

According to the State Statistics Committee, as of 1 July 2005 net money incomes of the population grew 25.9% as compared to last year and comprised 17.2trln manats. Per capita incomes comprised 2,089m manats, or 24.6% up than 2004.

Table 1. Major indices, characterizing money incomes of the population

INDICES

Actual figures for January to June 2005

As compared to 2004

As compared to July 2005, in %

Net money incomes of population, in bn manats.

17231,1

125,9

105,3

Per capita population, in ths manats.

2089,2

124,6

105,2

Money incomes in hands, in bn manats.

16519,2

125,7

106,3

Per capita population, in ths manats

2002,9

124,4

106,2

Source: State Statistics Committee

In accordance with the results of examination of economies in Azerbaijan, in the first quarter of 2005 the structure of money incomes of the population is as follows: 54% of all incomes from employment and self-employment, 17% - from agriculture activities, 1.4% - from property management and rents, 12.3%- pensions and social benefits, 15.3% - different incomes.

As of official data, in this period the average monthly salary comprised 561,200 manats, or 25.9% more that the same period of 2004. The highest salarieswer4e fixed in the spheres of industry, finance, rent and commerce, construction.

The social payments paid at the job places made up 18.2bn manats. Major part of benefits fell on employees of electricity gas and water supply, transport, store economy, communications and education.

In this period the incomes for the first time exceeded the expenses by 299.4bn manats. The structure of money incomes did not suffer considerable changes. In this period 75.5% of the community expenses was spent on purchase of goods and services, 20.3% - purchase of foreign currency and 4.2% - payments and fees. After the payment of taxes and different necessary payments the left incomes of population comprised 16.5trln, 25.7% more as compared to 2004. The funds in savings were 2002,000 manats per capita.

Source: State Statistics Committee

The Cabinet of Ministers confirmed new structure of the Law on Living Minimum. In accordance with the new methodology the structure of the living minimum is defined in accordance with three categories of people вЂ" abled, pensioners and children aged 15 years. Thus, base on this methodology the living minimum for the abled population comprised 452,300 manats. For pensioners it was defined as 263,300 manats and for children - 353,300 manats.

According to the Confederation of Trades Unions, the per capita living subsistence reduced 0.2% and made up 293,300 manats, or 18.3% up as compared to 2004. The subsistence minimum made up 419,600 manats per employee, down 0.14%, and 761,600 manats per employee with one dependent, or 0.13% down.

Consumer prices and service tariffs grew 1.8% as compared to previous month and 13.1% - as compared to 2004.

Table. Consumer goods prices and service tariffs, %

Prices

June 2005

January вЂ" June 2005

As of May 2005

As of June 2004

As of January-June 2004

Good and services in total

98,2

113,1

113,5

Foodstuff products, drinks, tobacco

97,2

116,2

116,6

Economic goods

99,9

102,0

103,1

Services

100,0

116,2

115,5

Source: State Statistics Committee

In accordance with official statistics, as of 1 July 2005 a total of 3832,800 economically active people were employed in the Azerbaijan, or 46.4% of all population. In January to May 2005 average number of employees involved in enterprises and organizations of the country grew 5.7%. However, the number of unemployed in the country grew. 51.9% of 56,393 of the registered in the employment services were women. 6 people claimed at 1 vacancy. 2821 people received the unemployment benefits for June comprised 196,000 manats or 33.3% of the average monthly wage.

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