BAKU, Azerbaijan, May 23. The average monthly nominal wage of salaried employees in Azerbaijan increased by 9.3 percent from January through March 2024 compared to the same period last year and amounted to 985,3 manat ($579.2), Trend reports.
According to the State Statistics Committee of Azerbaijan, wages in the oil and gas sector amounted to 4,238 manat ($2,491), and in the non-oil and gas sector, 923.8 manat ($543). Salaries of employees of state enterprises amounted to 936.4 manat ($550.4), and those of private enterprises were 1,038 manat ($610.1).
The highest wages were recorded for workers 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 from January through March 2024 (in manat).
|
Types of economic activity |
Total |
Includes |
|
|
Public sector |
Private sector |
||
|
In the country as a whole |
985.3 ($579.2) |
936.4 ($550.4) |
1,038 ($610.1) |
|
Agriculture, forestry, and fisheries |
559.8 ($329.1) |
554.3 ($325.8) |
564 ($331.5) |
|
Mining industry |
4,068 ($2,391) |
2,242 ($1,317) |
3,948 ($2,320) |
|
Manufacturing industry |
890.9 ($523.7) |
1,257 ($738.9) |
834.6 ($490.6) |
|
Production, distribution, and supply of electricity, gas, and steam |
1,058 ($621.9) |
1,049 ($616.6) |
1,585 ($931.8) |
|
Water supply, waste treatment, and recycling |
719.9 ($423.2) |
668.4 ($392.9) |
1,194 ($701.9) |
|
Construction |
1,057 ($621.3) |
983.5 ($578.1) |
1,078 ($633.7) |
|
Trade; repair of vehicles |
670.7 ($394.3) |
925.5 ($544) |
668.7 ($393.1) |
|
Transportation and warehousing |
1,363 ($801.3) |
1,419 ($834.1) |
1,288 ($757.2) |
|
Tourist accommodation and catering |
741.2 ($435.7) |
1,769 ($1,039) |
702.7 ($413.1) |
|
Information and communications |
1,753 ($1,030) |
1,442 ($847.6) |
1,984 ($1,166) |
|
Financial and insurance activities |
2,318 ($1,362) |
2,835 ($1,666) |
2,192 ($1,288) |
|
Real estate transactions |
967.5 ($568.7) |
1,126 ($661.9) |
905.7 ($532.4) |
|
Professional, scientific, and technical activities |
1,573 ($924.6) |
1,044 ($613.7) |
2,056 ($1,208) |
|
Provision of administrative and support services |
615 ($361.5) |
559.5 ($328.9) |
754.7 ($443.6) |
|
Public administration and defense; social security |
1,347 ($791.8) |
1,389 ($816.6) |
475.7 ($279.6) |
|
Education |
745.5 ($438.2) |
738.2 ($433.9) |
887.3 ($521.6) |
|
Provision of medical and social services to the population |
835.5 ($491.1) |
863.6 ($507.7) |
707.7 ($416) |
|
Activities in the fields of recreation, entertainment, and art |
730.6 ($429.5) |
689.3 ($405.2) |
1,091 ($641.3) |
|
Provision of services in other areas |
1,188 ($698.4) |
1,773 ($1,042) |
1,020 ($599.6) |
To note, the average monthly nominal wage of salaried employees in Azerbaijan in 2023 increased by 11.2 percent compared to the same period in 2022 and amounted to 933.8 manat ($548.9).
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