The share of the employed population in the non-state sector in Azerbaijan will reach 80%

The share of the employed population in the non-state sector in Azerbaijan will reach 80%

The share of the population employed in the non-state sector in Azerbaijan in the next 5 years in 2021 77,6 % will be increased to 80%.

“Report” reports that this was reflected in the “2022-2026 socio-economic development strategy” approved by President Ilham Aliyev today.

According to the strategy, new jobs will be created in the private sector and the level of employment will increase: “Entrepreneurial activity that creates new jobs will be stimulated. By creating the necessary conditions for the development of small and medium entrepreneurship, as well as self-employment, especially in the regions, effective employment and decent work for population groups will be achieved, non- necessary preventive and control measures against formal employment will be strengthened”.

It is reported that as a result of the gradual reduction of informal employment, the share of the non-state sector among wage earners 50 % (in 2021 46,9 %) will constitute.

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