Services, Credit/Revenue in Azerbaijan
Azerbaijan: Services, Credit/Revenue was 8.12 billion in 2024. ▲ Rising
Services, Credit/Revenue in Azerbaijan, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services, credit/revenue in Azerbaijan stood at 8.12 billion. That is the highest value across all 20 years on record.
The figure is up 29.2% on the previous year and up 89.0% over ten years.
Over the whole period, services, credit/revenue in Azerbaijan peaked at 8.12 billion in 2024 and was at its lowest, 741.46 million, in 2005.
That places Azerbaijan 74th out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Credit/Revenue in Azerbaijan, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 741.46 million | — |
| 2006 | 965.30 million | +30.2% |
| 2007 | 1.46 billion | +50.8% |
| 2008 | 1.67 billion | +14.6% |
| 2009 | 2.10 billion | +25.9% |
| 2010 | 2.49 billion | +18.7% |
| 2011 | 3.04 billion | +22.0% |
| 2012 | 4.81 billion | +58.1% |
| 2013 | 4.13 billion | -14.1% |
| 2014 | 4.30 billion | +4.0% |
| 2015 | 4.44 billion | +3.4% |
| 2016 | 4.37 billion | -1.7% |
| 2017 | 4.69 billion | +7.3% |
| 2018 | 4.70 billion | +0.2% |
| 2019 | 3.77 billion | -19.8% |
| 2020 | 2.63 billion | -30.3% |
| 2021 | 3.80 billion | +44.8% |
| 2022 | 5.07 billion | +33.3% |
| 2023 | 6.29 billion | +24.0% |
| 2024 | 8.12 billion | +29.2% |
Azerbaijan compared with similar countries
- Azerbaijan's 8.12 billion is above the median for upper middle income countries, which is 5.14 billion, 1.6× the median. (54 countries reporting)
- Azerbaijan's 8.12 billion is below the median for Europe & Central Asia, which is 24.52 billion, 33% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.39 billion | 741.46 million | 2.10 billion | 5 |
| 2010s | 4.07 billion | 2.49 billion | 4.81 billion | 10 |
| 2020s | 5.18 billion | 2.63 billion | 8.12 billion | 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 services, credit/revenue in Azerbaijan?
- Services, credit/revenue in Azerbaijan was 8.12 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Azerbaijan?
- The highest recorded value was 8.12 billion in 2024.
- What is the lowest services, credit/revenue recorded in Azerbaijan?
- The lowest recorded value was 741.46 million in 2005.
- How does Azerbaijan rank for services, credit/revenue?
- Azerbaijan ranks 74th out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in Azerbaijan?
- Over the last ten years it is up 89.0%. The long-run trend across the full record is rising.
- Where does this Azerbaijan data come from?
- The figures come from International Monetary Fund, published as part of Services, Credit/Revenue (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.