The average salary of employees in the first half of the year is 408.8 manat
The average salary of employees in the whole country has reached AZN 408.8 (+6.8% compared to the same period last year.)
According to the State Statistics Committee, the highest average salary was recorded in the industrial sector - 635.8 manat, in the construction industry - 597.2 manat.
Population launched in turnover 9.1 billion manat (9.1%), of which 52.6% (approximately 4.79 billion) is spent on food, the rest - non-food products, 2.8 billion or 30.77 % on paid services.
The share of e-commerce (mainly the non-food sector) has increased. With a total volume of 1 million 38,200 manats the share of products totaled 73.4 million with an increase of 2.1 times. --17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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