Business Working Capital Financing Statistics in Azerbaijan (2026)
According to World Bank World Development Indicators data, 30.1% of firms in Azerbaijan used banks to finance working capital in 2024. Up from 19.4% in 2019 to 30.1% in 2024 (+10.6 percentage points). Azerbaijan ranks #23 of 43 economies in Europe & Central Asia on this measure, and #57 of 145 globally.
Key Statistics
- Latest value (2024)
- 30.1% (2024)
- Business Working Capital Financing in Azerbaijan as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2019
- +10.6 pp (2024)
- Up from 19.4% in 2019 to 30.1% in 2024 (+10.6 percentage points).
- Earliest value in this dataset (2002)
- 4.1% (2002)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 4.1% in 2002 to 30.1% in 2024.
- Record high (2024)
- 30.1% (2024)
- The 2024 value is the highest in the available World Bank World Development Indicators series for Azerbaijan.
- Rank in Europe & Central Asia
- #23 of 43 (2024)
- Azerbaijan ranks 23 of 43 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #57 of 145 (2024)
- Azerbaijan ranks 57 of 145 countries with data globally.
- Europe & Central Asia average
- 30.6% (2024)
- Azerbaijan (30.1%) is below the average of 30.6% across the 43 countries in Europe & Central Asia with data.
- Firms with a bank loan/line of credit (% of firms) (2024)
- 36.4% (2024)
- Related indicator from World Bank World Development Indicators.
- 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, 2002–2024
| Year | % of firms | Change |
|---|---|---|
| 2024 | 30.1% | +10.6 pp |
| 2019 | 19.4% | +2.5 pp |
| 2013 | 16.9% | +16.5 pp |
| 2005 | 0.4% | −3.7 pp |
| 2002 | 4.1% | — |
Frequently asked questions
What share of firms in Azerbaijan used banks to finance working capital?
30.1% of firms in Azerbaijan used banks to finance working capital in 2024, according to World Bank World Development Indicators data.
Where does the business working capital financing data for Azerbaijan come from?
The data comes from the World Bank World Development Indicators (indicator IC.FRM.BKWC.ZS). The latest observation for Azerbaijan is from 2024; the snapshot was retrieved on 2026-06-10.
How has business working capital financing in Azerbaijan changed over time?
World Bank World Development Indicators data show a rise from 4.1% in 2002 to 30.1% in 2024.
How does Azerbaijan compare with other countries in Europe & Central Asia?
Azerbaijan ranks 23 of 43 countries in Europe & Central Asia with data, with 30.1% versus a regional average of 30.6% (latest values per country).
Where does Azerbaijan rank globally on business working capital financing?
Azerbaijan ranks 57 of 145 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
Source & methodology
Source: World Bank, World Development Indicators, indicator
IC.FRM.BKWC.ZS, 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 .