BAKU, Azerbaijan, Oct.15
By Fidan Babayeva - Trend:
The average monthly nominal salary in Azerbaijan made up 710.2 manat ($417.7) from January through August 2020 following the increased wage and accelerated development of the private sector, Trend reports referring to the State Statistics Committee.
According to the committee, in the reporting period, the average monthly nominal salary increased by 20.5 percent compared to the same period of 2019.
As of September 1, 2020, the number of employees in the country’s economic sector rose by 3.7 percent over the year and totaled more than 1.6 million people. Of these, 902,300 people were employed in the public sector, and the remaining 768,600 people – in the private sector.
Some 19.4 percent of the wage-earners employed in the country’s education sector, 18.3 percent – in trade, 13.2 percent – industry, 8.3 percent – in the construction, 6.6 percent – health and social protection, 4.5 percent – in the transport sector, 3.4 percent – agriculture, 3.4 percent – professional, scientific and technical sphere, 1.7 percent – in the finance and insurance sector, and 13 percent – in other sectors of the economy.
Thanks to comprehensive social reforms carried out under the relevant decrees of Azerbaijan’s president, starting from September 1, the minimum wage in the country was increased to 250 manat ($147), which significantly increased the salaries of civil servants, employees of a number of budgetary institutions, enterprises and organizations, and state oil companies.
(1 USD = 1.7 manat on Oct.15)
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