Services balance (credit less debit), Net (credits less debits) in Azerbaijan
Azerbaijan: Services balance (credit less debit), Net (credits less debits) was -2.05 billion in 2024. ▼ Falling
Services balance (credit less debit), Net (credits less debits) in Azerbaijan, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services balance (credit less debit), net (credits less debits) in Azerbaijan stood at -2.05 billion.
That represents a change of up 12.2% on the previous year and up 66.3% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Azerbaijan peaked at -1.44 billion in 2010 and was at its lowest, -6.09 billion, in 2014.
That places Azerbaijan 153rd out of 197 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) in Azerbaijan, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.92 billion | — |
| 2006 | -1.97 billion | +2.9% |
| 2007 | -1.93 billion | -2.2% |
| 2008 | -2.25 billion | +16.4% |
| 2009 | -1.57 billion | -30.0% |
| 2010 | -1.44 billion | -8.7% |
| 2011 | -2.80 billion | +94.8% |
| 2012 | -2.62 billion | -6.3% |
| 2013 | -4.19 billion | +59.8% |
| 2014 | -6.09 billion | +45.4% |
| 2015 | -4.23 billion | -30.6% |
| 2016 | -3.15 billion | -25.4% |
| 2017 | -3.38 billion | +7.1% |
| 2018 | -2.14 billion | -36.7% |
| 2019 | -2.79 billion | +30.4% |
| 2020 | -2.93 billion | +5.1% |
| 2021 | -2.21 billion | -24.5% |
| 2022 | -2.70 billion | +22.0% |
| 2023 | -2.33 billion | -13.5% |
| 2024 | -2.05 billion | -12.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.93 billion | -2.25 billion | -1.57 billion | 5 |
| 2010s | -3.28 billion | -6.09 billion | -1.44 billion | 10 |
| 2020s | -2.44 billion | -2.93 billion | -2.05 billion | 5 |
Countries ranked near Azerbaijan
More financial sector data for Azerbaijan
- Net domestic credit (current LCU), per capita 3,598 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 0.4856 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 5.42 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 9.43 billion SDR (2025)
- Reserves excluding gold 9.90 billion SDR (2025)
- Total reserves (gold at market value) 9.90 billion SDR (2025)
- Total reserves (gold at national valuation) 9.90 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 965.97 SDR per person (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Azerbaijan?
- Services balance (credit less debit), net (credits less debits) in Azerbaijan was -2.05 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Azerbaijan?
- The highest recorded value was -1.44 billion in 2010.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Azerbaijan?
- The lowest recorded value was -6.09 billion in 2014.
- How does Azerbaijan rank for services balance (credit less debit), net (credits less debits)?
- Azerbaijan ranks 153rd out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Azerbaijan?
- Over the last ten years it is up 66.3%. The long-run trend across the full record is falling.
- Where does this Azerbaijan data come from?
- The figures come from International Monetary Fund, published as part of Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.