Economics
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The Ministry of Economy of Azerbaijan has announced the results of a tender for the construction of a desalination plant to produce drinking water under a public-private partnership.
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Azerbaijan is nearing the completion of its winter crop sowing campaign for the 2025 harvest, with winter crops for grain and green fodder planted on 941,700 hectares as of Jan. 1, according to data from the State Statistics Committee.
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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