Monday, July 9, 2018

Poverty level and average salary

Since I have a new mission to update the book on Economy of Azerbaijan, I am re-reading all material again and now, I seriously do understand the figures and their meaning...

Poverty level in Azerbaijan in 2014 according to official statistics declined to 8% and average salary was 556 AZN. After currency change the figures changed drastically, I am currently working on them and probably will have latest picture at the end of the year...

But in 2014 556AZN was almost 600 USD whereas, in late 2016 it becomes 330 USD, even with the biggest increase of 20% it will not reach to its old positions...