Borrowers from commercial banks (per 1,000 adults) in Azerbaijan
Azerbaijan: Borrowers from commercial banks (per 1,000 adults) was 392.8 per 1,000 adults in 2024. ◆ Volatile
Borrowers from commercial banks in Azerbaijan, 2005–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
In 2024, borrowers from commercial banks in Azerbaijan stood at 392.8 per 1,000 adults. That is the highest value across all 20 years on record.
The figure is up 7.7% on the previous year and up 34.5% over ten years.
Over the whole period, borrowers from commercial banks in Azerbaijan peaked at 392.8 per 1,000 adults in 2024 and was at its lowest, 20.39 per 1,000 adults, in 2005.
Azerbaijan ranks 26th of 113 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Borrowers from commercial banks (per 1,000 adults) in Azerbaijan, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2005 | 20.39 per 1,000 adults | — |
| 2006 | 34.15 per 1,000 adults | +67.5% |
| 2007 | 59.47 per 1,000 adults | +74.1% |
| 2008 | 77.66 per 1,000 adults | +30.6% |
| 2009 | 68.56 per 1,000 adults | -11.7% |
| 2010 | 81.62 per 1,000 adults | +19.0% |
| 2011 | 110.22 per 1,000 adults | +35.0% |
| 2012 | 152.22 per 1,000 adults | +38.1% |
| 2013 | 237.46 per 1,000 adults | +56.0% |
| 2014 | 292.12 per 1,000 adults | +23.0% |
| 2015 | 225.48 per 1,000 adults | -22.8% |
| 2016 | 194.44 per 1,000 adults | -13.8% |
| 2017 | 174.7 per 1,000 adults | -10.2% |
| 2018 | 195.81 per 1,000 adults | +12.1% |
| 2019 | 226.68 per 1,000 adults | +15.8% |
| 2020 | 232.8 per 1,000 adults | +2.7% |
| 2021 | 261.8 per 1,000 adults | +12.5% |
| 2022 | 339.61 per 1,000 adults | +29.7% |
| 2023 | 364.78 per 1,000 adults | +7.4% |
| 2024 | 392.8 per 1,000 adults | +7.7% |
Azerbaijan compared with similar countries
- Azerbaijan's 392.8 per 1,000 adults is above the median for upper middle income countries, which is 263.02 per 1,000 adults, 1.5× the median. (33 countries reporting)
- Azerbaijan's 392.8 per 1,000 adults is below the median for Europe & Central Asia, which is 400.43 per 1,000 adults, 98% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 52.05 per 1,000 adults | 20.39 per 1,000 adults | 77.66 per 1,000 adults | 5 |
| 2010s | 189.07 per 1,000 adults | 81.62 per 1,000 adults | 292.12 per 1,000 adults | 10 |
| 2020s | 318.36 per 1,000 adults | 232.8 per 1,000 adults | 392.8 per 1,000 adults | 5 |
Countries ranked near Azerbaijan
More financial sector data for Azerbaijan
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 7.73 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 5.64 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 7.73 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is borrowers from commercial banks in Azerbaijan?
- Borrowers from commercial banks in Azerbaijan was 392.8 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest borrowers from commercial banks recorded in Azerbaijan?
- The highest recorded value was 392.8 per 1,000 adults in 2024.
- What is the lowest borrowers from commercial banks recorded in Azerbaijan?
- The lowest recorded value was 20.39 per 1,000 adults in 2005.
- How does Azerbaijan rank for borrowers from commercial banks?
- Azerbaijan ranks 26th out of 113 countries with data for 2024.
- Is borrowers from commercial banks rising or falling in Azerbaijan?
- Over the last ten years it is up 34.5%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Borrowers from commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
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About this data
Borrowers from commercial banks are the reported number of resident customers that are nonfinancial corporations (public and private) and households who obtained loans from commercial banks and other banks functioning as commercial banks.