Living Wage Family in Azerbaijan increased to 940 AZN/Month in 2018 from 885 AZN/Month in 2017.

Living Wage Family in Azerbaijan averaged 911.25 AZN/Month from 2015 until 2018, reaching an all time high of 940 AZN/Month in 2016 and a record low of 880 AZN/Month in 2015. Azerbaijan Living Wage Family - values, historical data and charts - was last updated on July of 2020.

Living Wage Family in Azerbaijan is expected to reach 775.00 AZN/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Living Wage Family is projected to trend around 795.00 AZN/Month in 2021, according to our econometric models.

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Azerbaijan Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
940.00 885.00 940.00 880.00 2015 - 2018 AZN/Month yearly

Azerbaijan Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.80 5.20 11.80 4.50 percent [+]
Employed Persons 4938.50 4879.30 4938.50 3613.00 Thousand [+]
Unemployed Persons 251.60 253.80 514.70 236.60 Thousand [+]
Minimum Wages 250.00 250.00 250.00 1.10 AZN/Month [+]
Population 10.00 9.90 10.00 1.59 Million [+]
Wages 736.20 744.50 744.50 242.70 AZN/Month [+]
Wages In Manufacturing 631.40 553.70 631.40 48.80 AZN/Month [+]
Retirement Age Men 63.50 63.00 63.50 62.00 [+]
Retirement Age Women 60.50 60.00 60.50 57.00 [+]


Azerbaijan Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.