BAKU, Azerbaijan, September 17. The number of official employment contracts rose 33.6 percent from 2019 through 2024.
The data obtained by Trend from the State Tax Service shows that this growth reached 82.1 percent in the non-oil private sector.
This means a total of 471,000 new employment contracts, including over 443,000 in the non-oil private sector.
"The share of the private sector in total employment contracts rose from 38.5 percent before the reforms to 52.5 percent afterward. This was accompanied by an increase in the wage fund, which reached 24.1 billion manat ($13.9 billion) in 2024, 2.5 times higher compared to 2018 overall, and 2.7 times higher in the non-oil private sector.
Consequently, social contributions have grown 2.5 times over the past six years," the service's statement reads.
