Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Friday March 5 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Unemployment rate in Azerbaijan expected to drop to 4pct

31 October 2018 15:46 (UTC+04:00)
2 924

By Narmina Mammadova

By 2030, there are plans to reduce the unemployment rate to 4 percent in Azerbaijan, as well as to bring the unemployment rate among women and youth to a minimum, according to the Employment Strategy of Azerbaijan for 2019-2030.

The unemployment rate in Azerbaijan in 2017 was 5 percent, the unemployment among women was 5.9 percent, among young people aged 15-24 - 12.9 percent, among young people aged 15-29 - 9.2 percent.

In addition, by 2030, it is planned to bring the share of the people officially working in Azerbaijan and not employed in agriculture to 80 percent.

In 2017, the ratio of employees not engaged in the agriculture sphere was 48.1 percent.

By 2030, there are plans to reduce the share of young people (aged 15-24) not enrolled in the labor market or without education to 15 percent, and also to achieve effective employment and decent work for all groups of the population (especially young people, women and the disabled) by 2025.

In addition, until 2030, the level of employment of citizens who applied to the employment agencies will be brought to 70 percent. Also, the number of regional vocational training centers will increase to ten.

According to the data of August 1 of this year, there are 5,120.8 economically active people in Azerbaijan, of which 4,869.2 were employed.

As for August 1, 2018, the number of persons who received the status of unemployed by the country's employment agencies was 36,100, of which 37.1 percent were women. The average amount of unemployment benefits and unemployment insurance amounted to 273.9 manats.

The "Employment Strategy of Azerbaijan for 2019-2030" notes that, according to the UN forecast, the population of Azerbaijan will continue to grow in the coming years and in 2030 will reach 10.7 million people.

On the basis of projections for the age structure of the population, it has been established that in subsequent years the natural increase of the population of the country will decline relatively. This will lead to a decrease after 2025 of the proportion of persons up to 15 years. It is projected that the number of people who have reached retirement age will double by 2030 compared with 2015 (841,000 people), which may create a need for additional measures in the social security of the elderly.

The document states that in 2017, the population at the age of 15-64 was more than seven million people.

Projections suggest that this figure until 2025, one might say, will not change, but in the next five years will increase by 1.3 percent. It is predicted that in Azerbaijan until 2025, the tendency of a decrease in the number of people aged 15-24 will continue, but in the next five years their number will increase. Until 2025, the number of people aged 20–25 will continue to decline, but in the next five years their number will also increase.

Despite the fact that in 2017, the number of people aged 15-24 in Azerbaijan was about 1.5 million, in 2025 it will be less than 17 percent of the current number, in the following years this figure will increase and reach the level of 2015 year (1.6 million), the strategy says.

---

Follow us on Twitter @AzerNewsAz  

  • #EMPLOYMENT STRATEGY OF AZERBAIJAN FOR 2019-2030
  • #UNEMPLOYMENT
  • #AZERBAIJANI POPULATION

Related News

Expert talks salinization problem in Azerbaijan

Expert talks salinization problem in Azerbaijan

29 June 2020 16:38
Azerbaijan allocates $41m to reduce unemployment

Azerbaijan allocates $41m to reduce unemployment

7 April 2020 11:27
Nominal income of Azerbaijani population increases

Nominal income of Azerbaijani population increases

20 August 2019 16:40
Azerbaijani population’s deposit insurance system should be changed

Azerbaijani population’s deposit insurance system should be changed

30 May 2019 10:50
Unofficial employment to be eliminated as result of minimum salary increase in Azerbaijan

Unofficial employment to be eliminated as result of minimum salary increase in Azerbaijan

12 February 2019 13:28
Armenia still fails to reduce unemployment rate

Armenia still fails to reduce unemployment rate

16 October 2017 19:00
Minister: Azerbaijan’s population rapidly increasing

Minister: Azerbaijan’s population rapidly increasing

4 May 2017 16:15
Minister: Azerbaijan among countries with lowest youth unemployment rate <span class="color_red">[PHOTO]</span>

Minister: Azerbaijan among countries with lowest youth unemployment rate [PHOTO]

3 May 2017 16:26
Armenians protest against unemployment

Armenians protest against unemployment

3 May 2017 00:01
Minister: Over 40,000 jobs created in 1Q17

Minister: Over 40,000 jobs created in 1Q17

27 April 2017 14:33
  • Latest
  • Popular
19:45 • Azerbaijan may apply quarantine measures if COVID-19 infections continue to increase
19:27 • Sunny weather expected on Saturday
19:10 • Azerbaijani PM expresses condolences to Turkish VP over helicopter crash
18:52 • Azercell reveals the “Victory Year”s results
18:38 • MoD shares video from Aghdam's Taghybayli village [VIDEO]
18:29 • Azerbaijan holds auction for public property facilities
18:25 • Azerbaijan eyes to start employment promotion activities in liberated areas
18:14 • Economy Minister highlights country's progress in terms of economic freedom
17:41 • Heydar Aliyev Foundation contributes to protection of world and religious heritage in Vatican
17:27 • Azerbaijani State Security Service shares grief of death of Turkish servicemen
17:23 • U.S. Congressman commemorates victims of Khojaly genocide
17:11 • Armenia once again demonstrates that it is far from sound thinking - Azerbaijani Foreign Ministry
17:10 • Police seize Armenian munitions in liberated Shusha
16:54 • US experts visit war-torn areas of Azerbaijan's Tartar [PHOTO]
16:52 • Mehriban Aliyeva appointed as first deputy chairperson of ruling New Azerbaijan Party
16:39 • Azerbaijan hands over to Armenia remains of two servicemen
16:15 • More houses, apartments given to martyrs' families, disabled war veterans
15:59 • Azerbaijani oil prices on the rise
15:38 • Azerbaijan's Aghdam - now huge field of ruins, BBC report says [VIDEO]
15:10 • Azerbaijan, Qatar eye economic cooperation development
12:14 • Culture Minister meets with art figures in Istanbul [UPDATE]
12:33 • President Aliyev invites ECO members to join new transport corridor in S. Caucasus [UPDATE]
10:45 • Azerbaijan doing everything to create new transport infrastructure in South Caucasus – Russian analyst
11:24 • Demining of Azerbaijani lands complicated by Armenia’s refusal to provide maps of minefields - Expert
11:40 • Azerbaijan Railways boost volume of transit freight traffic in 2020
11:00 • Azerbaijan extends condolences to Turkey over deadly helicopter crash
10:00 • Azerbaijani-Iranian talks underway to open joint customs checkpoint
12:40 • Azerbaijan, Argentina mull export, investment cooperation
12:18 • Azerbaijan, Turkey exchange views on cultural ties [PHOTO]
15:10 • Azerbaijan, Qatar eye economic cooperation development
11:12 • Long-awaited end to Karabakh conflict creates new opportunities - Former US ambassador to Azerbaijan
11:59 • National futsal team gains another victory [PHOTO]
12:50 • Ruling New Azerbaijan Party holds extraordinary congress [PHOTO]
16:52 • Mehriban Aliyeva appointed as first deputy chairperson of ruling New Azerbaijan Party
10:15 • Azerbaijan shows footage from Zangilan`s Kechikli village [VIDEO]
13:45 • New plant to be commissioned in Baku
14:30 • Azerbaijan names amount of compensations paid to closed banks' depositors
13:15 • Azerbaijan celebrates Day of Physical Culture and Sports [PHOTO]
15:38 • Azerbaijan's Aghdam - now huge field of ruins, BBC report says [VIDEO]
17:23 • U.S. Congressman commemorates victims of Khojaly genocide
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved