For the period from January to September, compulsory state social insurance in Azerbaijan amounted to about AZN 3.7 billion (~EUR 2.05 billion), which is 14% more y-o-y, Trend writes with reference to the State Tax Service under the Ministry of Economy of Azerbaijan.

Of the total GWP generated in 9M2023, AZN 2.4 billion were received from non-budgetary organizations (+14.8% y-o-y). Premiums from unemployment insurance reached AZN 132.8 million (+15.1%). Including premiums from non-budgetary organizations, which increased by 15.1% and reached AZN 98.2 million.

Compulsory health insurance increased by 15.3% y-o-y and amounted to AZN 683 million. Including premiums from non-budgetary organizations, which rose by 17% to AZN 480.9 million.

*EUR 1 = AZN 1.80 (01.10.2023)