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Azerbaijan announces nominal wage growth rate for salaried employees

Economy Materials 15 September 2023 15:32 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 15. The average monthly nominal salary of hired workers in Azerbaijan from January through July 2023 increased by 11.3 percent year-on-year and amounted to 925 manat ($544), Trend reports.

The data of the State Statistics Committee of Azerbaijan shows that wages in the oil and gas sector amounted to 3,571 manat ($2,100) and in the non-oil and gas sector to 874 manat ($514). Salaries of employees of state enterprises amounted to 889 manat ($522), and those of private enterprises were 964 manat ($567).

According to the department, the highest wages were recorded in mining, insurance and finance, information and communications, as well as in the field of scientific and technical activities.

Average monthly nominal wages by types of economic activities in January-July 2023 (manat)

Types of economic activity

Total

Including

State sector

Private sevtor

In the whole country

925 manat ($544)

889 manat ($522)

964 manat ($567)

Agriculture, forestry and fisheries

544 manat ($320)

535 manat ($314)

550 manat ($323)

Mining industry

3,429 manat ($2,017)

2,159 manat ($1,270)

4,113 manat ($2,419)

Manufacturing industry

840 manat ($494)

1,136 manat ($668)

796 manat ($468)

Production, distribution and supply of electricity, gas and steam

947 manat ($557)

944 manat ($555)

1,110 manat ($652)

Water supply, waste treatment and recycling

691 manat ($406)

639 manat ($375)

1,191 manat ($700)

Construction

1,043 manat ($613)

934 manat ($549)

1,076 manat ($632)

Trade; repair of vehicles

620 manat ($364)

813 manat ($478)

619 manat ($364)

Transportation and warehousing

1,239 manat ($728)

1,304 manat ($767)

1,149 manat ($675)

Tourist accommodation and catering

716 manat ($421)

1,417 manat ($833)

683 manat ($401)

Information and communications

1,514 manat ($890)

1,286 manat ($756)

1,690 manat ($994)

Financial and insurance activities

2,411 manat ($1,418)

2,749 manat ($1,617)

2,327 manat ($1,368)

Real estate transactions

881 manat ($518)

970 manat ($570)

845 manat ($497)

Professional, scientific and technical activities

1,554 manat ($914)

1,042 manat ($612)

2,067 manat ($1,215)

Provision of administrative and support services

551 manat ($324)

499 manat ($293)

698 manat ($410)

Public administration and defense; social security

1,322 manat ($777)

1,365 manat ($802)

450 manat ($264)

Education

711 manat ($418)

704 manat ($414)

881 manat ($518)

Provision of medical and social services to the population

803 manat ($472)

829 manat ($487)

676 manat ($397)

Activities in the field of recreation, entertainment and art

735 manat ($432)

677 manat ($398)

1,289 manat ($758)

Provision of services in other sectors

1,074 manat ($631)

1,683 manat ($990)

943 manat ($554)

The average monthly nominal salary of hired workers in Azerbaijan in 2022 increased by 14.7 percent year-on-year and amounted to 839 manat ($493).

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