Key information about Azerbaijan Gross Savings Rate

• Azerbaijan Gross Savings Rate was measured at 29.9% in Sep 2024, compared with 29.9% in the previous quarter.
• Azerbaijan Gross Savings Rate is updated quarterly, with data available from Mar 2001 to Sep 2024, and an average rate of 29.9%.
• The data reached an all-time high of 29.9% in Sep 2008 and a record low of 15.0% in Dec 2003.
• CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Government and Household Final Consumption Expenditure. The State Statistical Committee of the Republic of Azerbaijan provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, Azerbaijan GDP expanded 4.9% YoY in Sep 2024.
• Azerbaijan Nominal GDP reached 20,960.0 USD mn in Dec 2022. Its GDP deflator (implicit price deflator) increased 21.7% in Dec 2022.
• Azerbaijan GDP Per Capita reached 7,126.2 USD in Dec 2023.

Gross domestic savings (% of GDP) in Azerbaijan was reported at 30.2 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Azerbaijan - Gross domestic savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Azerbaijan Adjusted Savings: Net National Savings data was reported at 13.293 USD bn in 2021. This records an increase from the previous number of 6.484 USD bn for 2020. Azerbaijan Adjusted Savings: Net National Savings data is updated yearly, averaging 7.763 USD bn from Dec 1995 (Median) to 2021, with 27 observations. The data reached an all-time high of 28.375 USD bn in 2013 and a record low of -449.792 USD mn in 1998. Azerbaijan Adjusted Savings: Net National Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Gross Domestic Product: Nominal. Net national savings are equal to gross national savings less the value of consumption of fixed capital.;World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).;;

Adjusted savings: net national savings (current US$) in Azerbaijan was reported at 13293492406 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Azerbaijan - Adjusted savings: net national savings - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Azerbaijan: Savings, billion USD: The latest value from 2023 is 21.69 billion U.S. dollars, a decline from 33.14 billion U.S. dollars in 2022. In comparison, the world average is 216.52 billion U.S. dollars, based on data from 123 countries. Historically, the average for Azerbaijan from 1995 to 2023 is 12.99 billion U.S. dollars. The minimum value, 0.07 billion U.S. dollars, was reached in 1996 while the maximum of 33.14 billion U.S. dollars was recorded in 2022.

Azerbaijan Adjusted Savings: Net National Savings: % of GNI data was reported at 24.855 % in 2021. This records an increase from the previous number of 15.285 % for 2020. Azerbaijan Adjusted Savings: Net National Savings: % of GNI data is updated yearly, averaging 23.514 % from Dec 1995 (Median) to 2021, with 27 observations. The data reached an all-time high of 49.500 % in 2008 and a record low of -10.082 % in 1998. Azerbaijan Adjusted Savings: Net National Savings: % of GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Gross Domestic Product: Nominal. Net national savings are equal to gross national savings less the value of consumption of fixed capital.;World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).;Weighted average;

Azerbaijan Adjusted Savings: Gross Savings: % of GNI data was reported at 33.522 % in 2021. This records an increase from the previous number of 23.719 % for 2020. Azerbaijan Adjusted Savings: Gross Savings: % of GNI data is updated yearly, averaging 29.718 % from Dec 1995 (Median) to 2021, with 27 observations. The data reached an all-time high of 55.663 % in 2008 and a record low of 2.110 % in 1996. Azerbaijan Adjusted Savings: Gross Savings: % of GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Gross Domestic Product: Nominal. Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.;World Bank national accounts data files.;Weighted average;

Gross savings (current US$) in Azerbaijan was reported at 20338656059 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Azerbaijan - Gross savings - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Gross savings (% of GDP) in Azerbaijan was reported at 27.37 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Azerbaijan - Gross savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Azerbaijan Deposit Interest Rate data was reported at 8.653 % pa in 2023. This records a decrease from the previous number of 8.976 % pa for 2022. Azerbaijan Deposit Interest Rate data is updated yearly, averaging 9.619 % pa from Dec 1998 (Median) to 2023, with 26 observations. The data reached an all-time high of 13.460 % pa in 1998 and a record low of 7.733 % pa in 2016. Azerbaijan Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files.;;

Adjusted savings: net national savings (% of GNI) in Azerbaijan was reported at 24.86 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Azerbaijan - Adjusted savings: net national savings (% of GNI) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Azerbaijan Adjusted Savings: Consumption of Fixed Capital: % of GNI data was reported at 8.667 % in 2021. This records an increase from the previous number of 8.434 % for 2020. Azerbaijan Adjusted Savings: Consumption of Fixed Capital: % of GNI data is updated yearly, averaging 8.667 % from Dec 1993 (Median) to 2021, with 29 observations. The data reached an all-time high of 16.678 % in 1998 and a record low of 4.735 % in 2013. Azerbaijan Adjusted Savings: Consumption of Fixed Capital: % of GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Gross Domestic Product: Nominal. Consumption of fixed capital represents the replacement value of capital used up in the process of production.;World Bank staff estimates using data from the United Nations Statistics Division's National Accounts Statistics.;Weighted average;

Graph and download economic data for People 15 Years and Over Saving at a Financial Institution in the Past Year for Azerbaijan (DDAI06AZA156NWDB) from 2011 to 2017 about Azerbaijan, adult, savings, finance companies, companies, finance, and financial.

Deposit Interest Rate in Azerbaijan decreased to 8.59 percent in 2024 from 8.65 percent in 2023. This dataset includes a chart with historical data for Deposit Interest Rate in Azerbaijan.

Azerbaijan GDP: % of GDP: Gross Domestic Savings data was reported at 32.776 % in 2023. This records a decrease from the previous number of 44.995 % for 2022. Azerbaijan GDP: % of GDP: Gross Domestic Savings data is updated yearly, averaging 30.987 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 58.069 % in 2008 and a record low of -1.085 % in 1994. Azerbaijan GDP: % of GDP: Gross Domestic Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption).;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Gross savings (current LCU) in Azerbaijan was reported at 34575715300 LCU in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Azerbaijan - Gross savings (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Gross domestic savings (current US$) in Azerbaijan was reported at 22441647059 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Azerbaijan - Gross domestic savings - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Gross domestic savings (current LCU) in Azerbaijan was reported at 38150800000 LCU in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Azerbaijan - Gross domestic savings (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Domestic credit provided by banking sector of Azerbaijan rose by 2.83% from 20.4 % in 2023 to 21.0 % in 2024. Since the 10.16% slump in 2022, domestic credit provided by banking sector soared by 43.41% in 2024. Domestic credit provided by the banking sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The banking sector includes monetary authorities and deposit money banks, as well as other banking institutions where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other banking institutions are savings and mortgage loan institutions and building and loan associations.

Azerbaijan GDP: USD: Gross Savings data was reported at 21.692 USD bn in 2023. This records a decrease from the previous number of 33.140 USD bn for 2022. Azerbaijan GDP: USD: Gross Savings data is updated yearly, averaging 11.862 USD bn from Dec 1995 (Median) to 2023, with 29 observations. The data reached an all-time high of 33.140 USD bn in 2022 and a record low of 66.843 USD mn in 1996. Azerbaijan GDP: USD: Gross Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Gross Domestic Product: Nominal. Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;;