95.1% of Jobs Created in Non- Governmental Sector

From January to July of the current year, Azerbaijan's nominal income experienced a 5.8 percent rise compared to the same period in the previous year. The total nominal income reached 47 billion 138.9 million Manats, translating to an average of 4,625 Manats per capita, according to the State Statistics Committee.

According to a CIA study on global population growth rates, Azerbaijan ranks 156th out of 236 countries, with a positive growth rate of +0.43%. In contrast, neighboring Armenia has a negative growth rate of -0.42%, and Georgia stands at -0.5%. The top twenty countries in the list are primarily African nations, including South Sudan at +4.65%, Niger at +3.66%, and Angola at +3.33%. The list is rounded out by the Cook Islands at -0.24% and American Samoa at -1.54%.

On August 13, the State Statistical Committee of Azerbaijan announced that the country's foreign trade turnover decreased in the first six months of 2024. The total turnover amounted to $22.169 billion. Of this, $13.302 billion was from exports and $8.867 billion from imports. The decline was 6.3% in real terms (imports down by 6.7% and exports by 5.7%).

Azerbaijan continues to strengthen its position as a key energy supplier to Europe, delivering both fossil fuels and increasing volumes of green energy, economist Gubad Ibadoglu highlights in a recent article.