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Azerbaijan betting uptick in average monthly salary by 2025

Society Materials 18 November 2024 13:22 (UTC +04:00)
Azerbaijan betting uptick in average monthly salary by 2025
Elchin Mehdiyev
Elchin Mehdiyev
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BAKU, Azerbaijan, November 18. The average monthly salary in Azerbaijan for the coming year is expected to hit 1,080.1 manat ($635.3), marking a rise of 9.1 percent year over year, Trend reports.

The matter was tackled in the feedback given by the Chamber of Accounts regarding the draft law of the Republic of Azerbaijan "On the State Budget for 2025."

The good news is that the early indications point to a silver lining, as the average monthly nominal salary in Azerbaijan is on track to rise by 7.1 percent, hitting 1,326.4 manat ($780.2) between 2025 and 2028.

The anticipated increase in income growth for 2025 is ascribed to a 55 manat ($32.3) or 15.9 percent rise in the minimum wage.

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