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Azerbaijan records growth in nominal salary for hired workers

Economy Materials 16 December 2023 04:14 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 15. The average monthly nominal salary of hired workers in Azerbaijan increased by 11.3 percent from January through October 2023 year-on-year and amounted to 921 manat ($541.7), Trend reports referring to the country's State Statistics Committee.

The data of the State Statistics Committee revealed that wages in the oil and gas sector amounted to 3,491 manat ($2,050) and in the non-oil and gas sector to 872 manat ($512.9). Salaries of employees of state enterprises amounted to 886.8 manat ($521.6), and those of private enterprises were 958.5 manat ($563.8).

Additionally, according to the above data, the highest wages were recorded in the following sectors: 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 from January through October 2023

Types of economic activity

Total

Including

State sector

Private sector

Country (overall)

921 manat ($541.7)

886.8 manat ($521.6)

958.5 manat ($563.8)

Agriculture, forestry and fisheries

545.7 manat ($321)

537.9 manat ($316)

551 manat ($324)

Mining industry

3,353 manat ($1,970)

2,187 manat ($1,290)

3,980 manat ($2,340)

Manufacturing industry

835.9 manat ($491.7)

1,172 manat ($690)

785.7 manat ($462.18)

Production, distribution and supply of electricity, gas and steam

955 manat ($561.7)

952 manat ($560)

1,113 manat ($650)

Water supply, waste treatment and recycling

689.7 manat ($405.7)

637.6 manat ($375)

1,183 manat ($700)

Construction

1,048 manat ($620)

957.7 manat ($563)

1,075 manat ($630)

Trade; repair of vehicles

625 manat ($367.6)

813 manat ($478)

623.9 manat ($367)

Transportation and warehousing

1,261 manat ($740)

1,338 manat ($790)

1,155 manat ($680)

Tourist accommodation and catering

717 manat ($421.7)

1,422 manat ($840)

685.6 manat ($403.29)

Information and communications

1,494 manat ($878)

1,279 manat ($752)

1,657 manat ($974)

Financial and insurance activities

2,338 manat ($1,375)

2,699 manat ($1,587)

2,237 manat ($1,320)

Real estate transactions

879 manat ($517)

942 manat ($554)

853.6 manat ($502)

Professional, scientific and technical activities

1,537 manat ($904)

1,031 manat ($610)

2,029 manat ($1,190)

Provision of administrative and support services

553.7 manat ($325.7)

500 manat ($294)

699 manat ($411)

Public administration and defense; social security

1,308 manat ($770)

1,350 manat ($790)

455.7 manat ($268)

Education

704.7 manat ($414.5)

697 manat ($410)

870 manat ($511.7)

Provision of medical and social services to the population

796.9 manat ($468.7)

822.6 manat ($483.88)

676.2 manat ($397.7)

Activities in the field of recreation, entertainment and art

721 manat ($424)

665 manat ($391.18)

1,245 manat ($730)

Provision of services in other sectors

1,073 manat ($630)

1,644 manat ($970)

945.8 manat ($556)

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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