No Comments - Poverty in Azerbaijan

The World Bank published an analysis of the economies of the countries of the South Caucasus, according to which the poverty level in Azerbaijan is several times higher than official government data.

In the analytical review titled "The South Caucasus in Motion" there are data on regions of Azerbaijan in 2015 - in the year of a double collapse of the national currency against freely convertible currencies. In Baku, 16% of the population lived below the poverty line. At the same time, this is the lowest poverty rate in the country. In other cities, one of every four lived below the poverty line. In the Ganja-Gazakh economic region, this indicator reached 33%. In rural areas, the poverty rate was 30%. The official indicator of the poverty level in the country that year, as well as in the subsequent period, was about 5%.

Source: Turan IA