Unemployment in Azerbaijan
Azerbaijan - Unemployment
The economy appears to have lost some momentum in the second quarter of the year, on the heels of a healthy first-quarter expansion which was fueled by the oil sector. Economic activity growth moderated in April–May, largely driven by a downturn in the oil sector: Azerbaijan’s oil output contracted on an annual basis in the period due to maintenance works in April as well as the country’s commitment to OPEC+ oil cuts. This likely weighed on oil export income and dragged on government revenues, eating into gains stemming from higher global oil prices in April–May. Meanwhile, non-oil activity remained buoyant in the first two months of Q2: Healthy non-oil investment activity growth, rising agricultural production and a solid increase in industrial output, excluding the oil-sector production, signaled that other sectors remained strong in the quarter. On top of that, non-oil exports continued surging in April–May.Azerbaijan - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 5.0 | 4.9 | 5.0 | 5.0 | 5.0 |
Azerbaijan Unemployment Chart
Source: State Statistical Committee
Azerbaijan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.70 | -0.66 % | Jul 11 |
| Stock Market | 0.1 | 0.0 % | Jul 11 |
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