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Average monthly salary grows in Azerbaijan

Finance Materials 11 June 2020 18:09 (UTC +04:00)
Average monthly salary grows in Azerbaijan

BAKU, Azerbaijan, June 11

By Fidan Babayeva - Trend:

As a result of increasing salaries and accelerating the development of the private business sector, the average monthly nominal salary in Azerbaijan reached 736.2 manat ($433.05) from January through April 2020, Trend reports on June 11 referring to the data of the Azerbaijani State Statistics Committee.

The average monthly nominal salary from the reporting period was by 26.7 percent more than during the same period of 2019.

As of May 1, 2020, the number of hired employees in the country's economy increased by 5.9 percent compared to the same period of 2019 and reached 1.7 million people; 926,600 of them were employed in the public sector while 749,500 - in the private sector.

Some 19.9 percent of hired workers in the country are involved in education sector, 17.9 percent - in trade sector, 12.9 percent - in industry, 8 percent - in health and social welfare sector, 7.8 percent - in construction, 6.8 percent - public administration and defense; 4.5 percent - transport and warehousing, 3.4 percent - professional, scientific and technical activity, 3.4 percent - agriculture, forestry and fisheries, 1.7 percent - financial and insurance activity, 13.7 percent - in other spheres of the economy.

As a result of comprehensive social reforms carried out upon the relevant decrees of the Azerbaijani president, starting from September 1, the minimum salary in the country will be increased up to 250 manat ($147), which will greatly increase the salaries of civil servants, employees of several budgetary institutions, enterprises and organizations, and the state oil company.

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