ECONOMY


Deputy prime minister: Azerbaijan's economy has grown 3.5 times in last 10-12 years

Baku, April 27, AZERTAC

Azerbaijan's economy has grown 3.5 times over the past 10-12 years, said Deputy Prime Minister Ali Ahmadov. He noted that Azerbaijan has achieved the highest economic indicators in the world.

“Over this period, pensions and salaries have increased approximately threefold in Azerbaijan, and 1.5 million jobs have been created at the initiative of the head of state.” “Last year alone saw the creation of 90,000 new jobs. Azerbaijan has become an example for other countries in the field of poverty reduction as thanks to purposeful policy the poverty level decreased from 49 to five percent in the country,” he said.

Ahmadov also emphasized that currently the unemployment rate is less than six per cent in the country.

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