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What is the value of 1 hour of labor in the world and Azerbaijan? - FIGURES 

What is the value of 1 hour of labor in the world and Azerbaijan? - FIGURES 

Economy

Today, 15:17

The International Labour Organization has released statistics on labour productivity by country.

According to Modern.az, labour productivity in Azerbaijan was estimated at 26.4 dollars (44.2 manats). This indicator reflects the volume of gross domestic product (GDP) per working hour.

With this indicator, Azerbaijan surpasses Iran (23.6 dollars), Armenia (26 dollars), Uzbekistan (13.7 dollars), and Kyrgyzstan (10 dollars).

Overall, labour productivity in neighbouring countries and member states of the Organization of Turkic States is as follows:

Russia – 43.2 dollars

Kazakhstan – 41.5 dollars

Turkey – 40.9 dollars

Georgia – 29.5 dollars

Turkmenistan – 27.9 dollars

Armenia – 26 dollars

Iran – 23.6 dollars

Uzbekistan – 13.7 dollars

Kyrgyzstan – 10 dollars

Among the countries with the highest labour productivity are Ireland (164.7 dollars), Luxembourg (159.5 dollars), Norway (125.6 dollars), Netherlands (92.3 dollars), Denmark (92.2 dollars), Belgium (91.5 dollars), Austria (86.7 dollars), Switzerland (85.8 dollars), and Sweden (83.9 dollars).

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