Compensation of employees (current LCU) in Azerbaijan
Azerbaijan: Compensation of employees (current LCU) was 5.05 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Azerbaijan, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Azerbaijan recorded 5.05 billion current LCU for compensation of employees in 2024. That is the highest value across all 22 years on record.
That represents a change of up 2.3% on the previous year and up 159.7% over ten years.
Over the whole period, compensation of employees in Azerbaijan peaked at 5.05 billion current LCU in 2024 and was at its lowest, 19.10 million current LCU, in 1994.
That places Azerbaijan 119th out of 156 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees (current LCU) in Azerbaijan, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 19.10 million current LCU | — |
| 1995 | 41.99 million current LCU | +119.9% |
| 1996 | 49.81 million current LCU | +18.6% |
| 1997 | 63.30 million current LCU | +27.1% |
| 1998 | 76.61 million current LCU | +21.0% |
| 2008 | 1.36 billion current LCU | +1672.0% |
| 2009 | 1.56 billion current LCU | +14.7% |
| 2010 | 1.59 billion current LCU | +1.9% |
| 2011 | 1.77 billion current LCU | +11.2% |
| 2012 | 1.70 billion current LCU | -3.5% |
| 2013 | 1.72 billion current LCU | +1.2% |
| 2014 | 1.95 billion current LCU | +12.9% |
| 2015 | 1.94 billion current LCU | -0.1% |
| 2016 | 2.22 billion current LCU | +14.2% |
| 2017 | 2.40 billion current LCU | +8.1% |
| 2018 | 2.80 billion current LCU | +16.8% |
| 2019 | 3.14 billion current LCU | +12.3% |
| 2020 | 3.62 billion current LCU | +15.0% |
| 2021 | 3.61 billion current LCU | -0.3% |
| 2022 | 4.39 billion current LCU | +21.6% |
| 2023 | 4.94 billion current LCU | +12.6% |
| 2024 | 5.05 billion current LCU | +2.3% |
Azerbaijan compared with similar countries
- Azerbaijan's 5.05 billion current LCU is below the median for upper middle income countries, which is 95.94 billion current LCU, 5% of the median. (47 countries reporting)
- Azerbaijan's 5.05 billion current LCU is below the median for Europe & Central Asia, which is 31.50 billion current LCU, 16% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (current LCU) in Azerbaijan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +1672.0% | 76.61 million current LCU | 1.36 billion current LCU |
| 1995 | +119.9% | 19.10 million current LCU | 41.99 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 50.16 million current LCU | 19.10 million current LCU | 76.61 million current LCU | 5 |
| 2000s | 1.46 billion current LCU | 1.36 billion current LCU | 1.56 billion current LCU | 2 |
| 2010s | 2.12 billion current LCU | 1.59 billion current LCU | 3.14 billion current LCU | 10 |
| 2020s | 4.32 billion current LCU | 3.61 billion current LCU | 5.05 billion current LCU | 5 |
Countries ranked near Azerbaijan
More public sector data for Azerbaijan
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Frequently asked questions
- What is compensation of employees in Azerbaijan?
- Compensation of employees in Azerbaijan was 5.05 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Azerbaijan?
- The highest recorded value was 5.05 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Azerbaijan?
- The lowest recorded value was 19.10 million current LCU in 1994.
- How does Azerbaijan rank for compensation of employees?
- Azerbaijan ranks 119th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Azerbaijan?
- Over the last ten years it is up 159.7%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.