...

Growth rate of nominal wages of hired workers in Azerbaijan revealed

Economy Materials 23 May 2024 19:03 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
Read more

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).

Stay up-to-date with more news on Trend News Agency's WhatsApp channel

Tags:
Latest

Latest