According to the State Social Protection Fund (SSPF), since the beginning of the year there has been 11.03% increase in the number of registered migrant workers. By July 1, the number reached 25,010 people.
As stated in the press release of SSPF, most foreign workers (88.6%) with individual accounts in the system of state social insurance are men. In general, registered foreigners are from 104 countries. Their individual accounts accumulate deductions produced by them or on behalf of them.
Traditionally, most of the foreigners registered in State Social Protection Fund are from Turkey (12,886), Georgia (2,739) and Russia (1,446). They are followed by workers and employers from Iran (934), China (811), India (773), Pakistan (507), Great Britain (496), and so on - in descending order. --17D-
Economics
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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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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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