As of January 1 of this year, the total number of employees was 1 million 516.1 thousand, which was 6,000 or 0.39% more than the year before.
According to the committee, at the beginning of this year 884.4 thousand people worked in the public sector. In state institutions and enterprises the number of employees decreased by 15.8 thousand (-1.8%). In the private sector in 2014, the number of employees increased by 21.8 thousand or 3.5%.
The government states that in 2014 due to his support for the private sector over 100,000 new jobs were opened and the unemployment rate fell to 5%.
According to estimates of the SCS, the average monthly wage in the economy of Azerbaijan on an annualized basis increased 5% to 444.3 manat. ---08D
Economics
-
Azerbaijan's tourism industry has shown marked signs of recovery and growth in the first nine months of 2024, underscoring the sector's resilience and adaptability in the post-pandemic landscape. As of September 2024, nearly 2.086 million foreign tourists visited Azerbaijan, a robust increase of 30.2% compared to the same period in 2022. The country witnessed a particularly strong performance in July 2024, with 271,591 tourists—a 21% rise from July last year.
-
Freight traffic along the Trans-Caspian International Transport Route has shown a remarkable increase in the first nine months of 2024, bolstered by a concerted push from participating countries to enhance their transport corridors and logistical frameworks. The strategic corridor, which links Asia and Europe via the Caspian Sea, has seen cargo volumes surge by 2.7 times compared to the same period in 2022, highlighting its growing significance as a viable alternative to traditional trade routes.
-
In September 2024, the prices of building materials in Baku increased by an average of 0.9% compared to the previous month, reflecting a stable yet slightly inflationary trend in the construction sector. This trend has been driven by a mix of local demand factors and fluctuations in import prices, particularly for materials such as timber and rebar.
-
The British Islamic Trade Association and the Association of Food and Beverage Producers of Azerbaijan signed a Memorandum of Understanding (MoU) during the first Azerbaijan Halal Business and Tourism Forum (AZHAB Forum), held in Baku on October 8-9, 2024.
Leave a review