Bank deposits to GDP in Azerbaijan
Azerbaijan: Bank deposits to GDP was 25.5% in 2021. ◆ Volatile
Bank deposits to GDP in Azerbaijan, 1992–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, bank deposits to gdp in Azerbaijan stood at 25.5%.
Compared with earlier readings it is up 0.4% on the previous year and up 98.7% over ten years.
Over the whole period, bank deposits to gdp in Azerbaijan peaked at 41.0% in 1994 and was at its lowest, 4.9%, in 1996.
Azerbaijan ranks 151st of 185 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Bank deposits to GDP in Azerbaijan, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 27.1% | — |
| 1993 | 27.1% | +0.2% |
| 1994 | 41.0% | +51.1% |
| 1995 | 6.6% | -83.8% |
| 1996 | 4.9% | -26.1% |
| 1997 | 6.2% | +26.2% |
| 1998 | 5.0% | -18.6% |
| 1999 | 5.5% | +9.7% |
| 2000 | 10.4% | +87.5% |
| 2001 | 7.3% | -29.7% |
| 2002 | 7.1% | -2.0% |
| 2003 | 8.0% | +11.7% |
| 2004 | 11.2% | +40.8% |
| 2005 | 9.6% | -14.4% |
| 2006 | 10.6% | +10.4% |
| 2007 | 10.5% | -0.7% |
| 2008 | 10.3% | -2.1% |
| 2009 | 11.8% | +14.4% |
| 2010 | 11.7% | -1.0% |
| 2011 | 12.8% | +10.1% |
| 2012 | 13.6% | +5.7% |
| 2013 | 14.8% | +8.7% |
| 2014 | 18.0% | +21.8% |
| 2015 | 30.2% | +68.0% |
| 2016 | 24.0% | -20.6% |
| 2017 | 21.3% | -11.2% |
| 2018 | 20.2% | -4.9% |
| 2019 | 23.3% | +15.3% |
| 2020 | 25.4% | +8.8% |
| 2021 | 25.5% | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.4% | 4.9% | 41.0% | 8 |
| 2000s | 9.7% | 7.1% | 11.8% | 10 |
| 2010s | 19.0% | 11.7% | 30.2% | 10 |
| 2020s | 25.5% | 25.4% | 25.5% | 2 |
Countries ranked near Azerbaijan
More financial sector data for Azerbaijan
- Total reserves in months of imports, annual growth rate 6.19 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 2.16 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1241 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 920.03 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 1.65 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 965.97 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 1.65 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 965.97 SDR per person (2025)
Frequently asked questions
- What is bank deposits to gdp in Azerbaijan?
- Bank deposits to gdp in Azerbaijan was 25.5% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Azerbaijan?
- The highest recorded value was 41.0% in 1994.
- What is the lowest bank deposits to gdp recorded in Azerbaijan?
- The lowest recorded value was 4.9% in 1996.
- How does Azerbaijan rank for bank deposits to gdp?
- Azerbaijan ranks 151st out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Azerbaijan?
- Over the last ten years it is up 98.7%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).