The average monthly nominal wage in Azerbaijan increased by 5.3% year-on-year during the January-February period of 2024, reaching 1,099 manats.
Operative Information Center-OMM, citing the State Statistical Committee, reports that the highest salary growth and figures were recorded in the mining industry, finance and insurance, information and communication, professional, scientific, and technical activities, as well as the transportation and warehousing sectors.
As of March 1 of this year, the total number of salaried employees in the country stood at 1,784,000 people. Of these, 870,600 were employed in the public sector, while 913,400 worked in the private sector.
The distribution of salaried employees across various economic sectors in Azerbaijan is as follows:
- 18.5% — Trade and vehicle repair
- 18.3% — Education
- 13.8% — Industry
- 8.6% — Healthcare and social services
- 6.5% — Construction
- 6.1% — Public administration, defense, and social security
- 4.4% — Transportation and warehousing
- 4.0% — Professional, scientific, and technical activities
- 2.4% — Finance and insurance
- 2.3% — Agriculture, forestry, and fishing
- 15.1% — Other economic sectors
This growth in nominal wages reflects the ongoing economic stabilization and social welfare policies implemented by the Cabinet of Ministers. Over the past few years, Azerbaijan has focused on diversifying its economy beyond the oil and gas sector, encouraging growth in the private sector which now accounts for more than half of the salaried workforce. These statistical indicators serve as a key metric for the country's labor market health and the purchasing power of the population in the capital, Baku, and the regions.
