Community income

According to the data provided by the State Statistics Committee of Azerbaijan, in January-August 2010, the nominal income of the population totaled AZN 15832.8 million which is 11.0% more as compared to January-August 2009.

During this period, the nominal per capita income made up AZN 1776.8, which exceeds the figure in 2009 by 9.8%. The rise in salaries in various spheres of economy and rise in social benefits also contributed to the growth in population income. However, despite the growing indicators, the growth rate of population's incomes has declined. Thus, in January-August 2009 the nominal income of the population compared to the same period of 2008 grew by 12.6 percent and per capita income - by 11.2 percent.

Major indices, characterizing money incomes of the population 

Source: State Statistics Committee

In January-August 2010, Azerbaijani citizens distributed their income in following way: 69.6% on purchase of goods and services, 9.4% - obligatory payment and fees, 19.4% - purchase of foreign currency and increase of savings.  

Real community incomes after the payment of taxes and membership fees made up 14343.3mln manat, or 11.7% more than last year. Real per capita community income made up AZN 1609.6 with rise of 10.4%.

Thus, during the reported period the money expenditure comprised AZN 12523.7mln or AZN 3309.1mln less than the incomes of population, but 11.5% more than the expenses in 2009. (Source: State Statistics Committee, calculations by Trend).

Source: State Statistics Committee

Salary

The salary is one of the key social and economic indicators, which sufficiently enough characterizes the level of the prosperity of the working part of the population. Thus, the amount of average monthly salary in Azerbaijan in January-August 2010 comprised AZN 317.4 or 0.3% more than the same period of 2009. There is a decline in growth rates of salary as well. Thus, compared with 2008, in January-August 2009 the salary rose by 16.7 percent.

In spite of rise in salaries of various organizations, this indicator retains its differentiation across the country. The highest salary accounts for industry, finance, operations with real estate, rent and consumer services and construction sector.

Source: State Statistics Committee

Employees of enterprises and organizations received social benefits in amount of 8.6mln manat. Major beneficiaries were employees of the extractive industry, energy, gas and water producing and distributing enterprises, refining industry, transport and communications.

Labor market

As of July 1, 2010, the economically active people in Azerbaijan made up 4,340,200. The number of hired workers as of July 1 totaled 1,358,400, with 851,700 working in public sector and 488,300 in private sector.

As of September 1, 2010 there were 39,500 unemployed people, with 43.5% women in Azerbaijan.

Of hired workers, 20% are involved in industry, 2.6% in production, 6% in processing industry, 4.7% in construction, 2.9% in agriculture, forestry and fishing, 25.7% in education, 19.9% in wholesale and retail trade, repair of automobiles, home wares and personal things, 10% in health and social services, 5.7% in transport and communications, 3.9% in state governance and defense, 1.8% - in communications and 0.6% - operation in real estate, 0.9% in other spheres.

The average unemployment benefit made up 141.1 manat.

Distribution of unemployed individual and those who receive unemployment benefit in regions as of September 1, 2010

Source: State Statistics Committee

Today in Azerbaijan was eliminated most of such a big social problem as unemployment within State program of socio-economic development of regions in 2009-2013. Since 2004, when the task was to open 600,000 new jobs, about 800,000 jobs have been created.

At the same time, an increase was recorded in the number of foreign nationals arriving in Azerbaijan over recent years. Today, according to the restrictions imposed on foreign labor, Azerbaijan seriously regulates immigration matters, to protect the rights of Azerbaijani citizens more reliably. Regulating migration first creates conditions for the work of citizens of Azerbaijan, as well as good conditions for foreigners.

If the number of unemployed in Azerbaijan 10 years ago was 525,000 people, today this figure has fallen to 260,000.