Private credit by deposit money banks to GDP in Azerbaijan
Azerbaijan: Private credit by deposit money banks to GDP was 22.0% in 2021. ◆ Volatile
Private credit by deposit money banks to GDP in Azerbaijan, 1992–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks to gdp in Azerbaijan stood at 22.0%.
Compared with earlier readings it is down 12.1% on the previous year and up 28.2% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Azerbaijan peaked at 38.4% in 2015 and was at its lowest, 1.2%, in 1996.
That places Azerbaijan 137th out of 187 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Private credit by deposit money banks to GDP in Azerbaijan, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 10.8% | — |
| 1993 | 9.6% | -11.2% |
| 1994 | 3.3% | -65.3% |
| 1995 | 1.2% | -64.4% |
| 1996 | 1.2% | -1.7% |
| 1997 | 2.4% | +110.1% |
| 1998 | 3.1% | +25.8% |
| 1999 | 3.0% | -3.8% |
| 2000 | 5.8% | +95.0% |
| 2001 | 5.2% | -10.3% |
| 2002 | 5.4% | +4.8% |
| 2003 | 6.9% | +26.2% |
| 2004 | 9.1% | +32.0% |
| 2005 | 9.1% | +0.4% |
| 2006 | 11.3% | +23.8% |
| 2007 | 13.7% | +21.4% |
| 2008 | 15.1% | +10.2% |
| 2009 | 18.7% | +23.9% |
| 2010 | 17.4% | -7.1% |
| 2011 | 17.2% | -1.0% |
| 2012 | 19.7% | +14.8% |
| 2013 | 25.1% | +27.3% |
| 2014 | 30.3% | +20.6% |
| 2015 | 38.4% | +26.8% |
| 2016 | 31.7% | -17.4% |
| 2017 | 21.1% | -33.4% |
| 2018 | 19.7% | -7.0% |
| 2019 | 21.9% | +11.2% |
| 2020 | 25.1% | +14.6% |
| 2021 | 22.0% | -12.1% |
Azerbaijan compared with similar countries
- Azerbaijan's 22.0% is below the median for upper middle income countries, which is 49.7%, 44% of the median. (55 countries reporting)
- Azerbaijan's 22.0% is below the median for Europe & Central Asia, which is 56.3%, 39% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.3% | 1.2% | 10.8% | 8 |
| 2000s | 10.0% | 5.2% | 18.7% | 10 |
| 2010s | 24.3% | 17.2% | 38.4% | 10 |
| 2020s | 23.6% | 22.0% | 25.1% | 2 |
Countries ranked near Azerbaijan
- 134 Republic of Moldova 23.4% compare
- 135 Mozambique 22.6% compare
- 136 Mauritania 22.6% compare
- 138 Côte d'Ivoire 21.9% compare
- 139 Guyana 21.9% compare
- 140 Micronesia, Federated States of 21.9% compare
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 private credit by deposit money banks to gdp in Azerbaijan?
- Private credit by deposit money banks to gdp in Azerbaijan was 22.0% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Azerbaijan?
- The highest recorded value was 38.4% in 2015.
- What is the lowest private credit by deposit money banks to gdp recorded in Azerbaijan?
- The lowest recorded value was 1.2% in 1996.
- How does Azerbaijan rank for private credit by deposit money banks to gdp?
- Azerbaijan ranks 137th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Azerbaijan?
- Over the last ten years it is up 28.2%. 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 Private credit by deposit money banks to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks (IFS line 22d); 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).