Bank Deposits Statistics in Azerbaijan (2026)
As of 2024, outstanding bank deposits in Azerbaijan was 29.4% of GDP, per IMF Financial Access Survey data. Up from 28.1% of GDP in 2023 to 29.4% of GDP in 2024 (+1.3 percentage points). Azerbaijan ranks #45 of 49 economies in Europe & Central Asia on this measure, and #139 of 172 globally.
Key Statistics
- Latest value (2024)
- 29.4% of GDP (2024)
- Bank Deposits in Azerbaijan as of 2024, the most recent observation in IMF Financial Access Survey data.
- Change since 2023
- +1.3 pp (2024)
- Up from 28.1% of GDP in 2023 to 29.4% of GDP in 2024 (+1.3 percentage points).
- Earliest value in this dataset (2004)
- 13.1% of GDP (2004)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 13.1% of GDP in 2004 to 29.4% of GDP in 2024.
- Peak value (2015)
- 31.5% of GDP (2015)
- Highest value in the available series; the 2024 value is 29.4% of GDP.
- Rank in Europe & Central Asia
- #45 of 49 (2024)
- Azerbaijan ranks 45 of 49 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #139 of 172 (2024)
- Azerbaijan ranks 139 of 172 countries with data globally.
- Europe & Central Asia average
- 60.3% of GDP (2024)
- Azerbaijan (29.4% of GDP) is below the average of 60.3% of GDP across the 49 countries in Europe & Central Asia with data.
- Internet use in Azerbaijan (2025)
- 90.8% (2025)
- 90.8% of the population in Azerbaijan used the internet in 2025 (World Bank); shown for context only.
- Population (2024)
- 10.2 million (2024)
- Azerbaijan had a population of 10.2 million in 2024 (World Bank); shown for scale only.
Trend, 2004–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 29.4% | +1.3 pp |
| 2023 | 28.1% | +2.9 pp |
| 2022 | 25.2% | −3.9 pp |
| 2021 | 29.1% | −0.9 pp |
| 2020 | 30% | +1.9 pp |
| 2019 | 28.1% | +2.7 pp |
| 2018 | 25.4% | −1.2 pp |
| 2017 | 26.5% | −0.9 pp |
| 2016 | 27.4% | −4.0 pp |
| 2015 | 31.5% | +12.6 pp |
| 2014 | 18.9% | +3.1 pp |
| 2013 | 15.8% | +1.4 pp |
| 2012 | 14.5% | +1.2 pp |
| 2011 | 13.3% | +0.5 pp |
| 2010 | 12.8% | −0.2 pp |
| 2009 | 13.1% | +1.2 pp |
| 2008 | 11.9% | −0.2 pp |
| 2007 | 12% | +0.5 pp |
| 2006 | 11.5% | +0.6 pp |
| 2005 | 10.9% | −2.2 pp |
| 2004 | 13.1% | — |
Frequently asked questions
What is the latest figure for outstanding bank deposits in Azerbaijan?
Outstanding bank deposits in Azerbaijan stood at 29.4% of GDP in 2024, according to IMF Financial Access Survey data.
How has bank deposits in Azerbaijan changed over time?
IMF Financial Access Survey data show a rise from 13.1% of GDP in 2004 to 29.4% of GDP in 2024.
How does Azerbaijan compare with other countries in Europe & Central Asia?
Azerbaijan ranks 45 of 49 countries in Europe & Central Asia with data, with 29.4% of GDP versus a regional average of 60.3% of GDP (latest values per country).
Where does Azerbaijan rank globally on bank deposits?
Azerbaijan ranks 139 of 172 countries with data globally, based on the latest IMF Financial Access Survey value for each country.
Source & methodology
Source: IMF Financial Access Survey, indicator
OUTD_COMBANK.POGDP, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .