Salary fund in Azerbaijan increases by 81% in 3 years

Kanan Sadigov
Author

The salary fund in Azerbaijan increased by 81% in 2018-2020, Report informs, citing the country’s Ministry of Labor and Social Protection.

According to the ministry, growth was 76% in the public sector and 87% in the private sector.

During the reporting period, the minimum wage in the country increased by 116% - up to 250 manats ($147.1), while the average salary grew by 66% and reached 343 manats ($201.8).

Other News

Gold prices reach new all-time high 26 December, 2025 / 10:24
CBA currency exchange rates (26.12.2025) 26 December, 2025 / 09:18
Key indicators of world commodity, stock, and currency markets (26.12.2025) 26 December, 2025 / 09:05
Silver price hits record high 26 December, 2025 / 08:02
Non-life insurance premiums in Azerbaijan grow 6.5% in 11 months 25 December, 2025 / 17:26
Life insurance premiums in Azerbaijan rise 16.1% in 11 months 25 December, 2025 / 16:59
Azerbaijan to implement UN's updated System of National Accounts 2025 25 December, 2025 / 15:43
Azerbaijan's banking sector assets rise 17.1% year-on-year 25 December, 2025 / 13:20
Net profit of Azerbaijan's banking sector rises nearly 10% 25 December, 2025 / 12:31
Azerbaijan's Central Bank issues upgraded 50-manat banknotes into circulation 25 December, 2025 / 11:17
S&P upgrades SOCAR rating outlook to positive 25 December, 2025 / 10:32
CBA currency exchange rates (25.12.2025) 25 December, 2025 / 09:27
China's FDI in Azerbaijan exceeded $400M by June 2025 25 December, 2025 / 09:15
Key indicators of world commodity, stock, and currency markets (25.12.2025) 25 December, 2025 / 09:11
Central Bank of Azerbaijan: Share of 7-day deposit portfolio at 87% 25 December, 2025 / 09:04
Azerbaijani banks concluded nearly 3,500 transactions in Bloomberg trading system over past year 25 December, 2025 / 08:57
Central Bank: Azerbaijan's key interest rate at its lowest in 4 years 25 December, 2025 / 08:54
Azerbaijan's forex reserves reach nearly $84B 25 December, 2025 / 08:51
Factors influencing inflation in Azerbaijan identified 25 December, 2025 / 08:48
Azerbaijan's Central Bank reveals dates for reviewing monetary policy next year 25 December, 2025 / 08:44