Workers' remittances paid reached 603 USD mil in 2017 in Azerbaijan, according to the National Statistical Office. This is 18.5 % less than in the previous year.
Historically, workers' remittances paid in Azerbaijan reached an all time high of 2,073 USD mil in 2012 and an all time low of 9.31 USD mil in 1995. When compared to Azerbaijan's main peers, workers' remittances paid in Azerbaijan amounted to 603 USD mil, 122 USD mil in Georgia and 20,610 USD mil in Russia in 2017.
Azerbaijan has been ranked 57th within the group of 142 countries we follow in terms of workers' remittances paid, 6 places behind the position seen 10 years ago.
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by non-resident workers.