Private Sector Credit Statistics in Azerbaijan (2026)
According to World Bank World Development Indicators data, domestic credit to the private sector in Azerbaijan came to 26.4% of GDP in 2024. Up from 23.1% of GDP in 2023 to 26.4% of GDP in 2024 (+3.3 percentage points). Azerbaijan ranks #42 of 47 economies in Europe & Central Asia on this measure, and #116 of 160 globally.
Key Statistics
- Latest value (2024)
- 26.4% of GDP (2024)
- Private Sector Credit in Azerbaijan as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- +3.3 pp (2024)
- Up from 23.1% of GDP in 2023 to 26.4% of GDP in 2024 (+3.3 percentage points).
- Earliest value in this dataset (2016)
- 32.9% of GDP (2016)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 32.9% of GDP in 2016 to 26.4% of GDP in 2024.
- Peak value (2016)
- 32.9% of GDP (2016)
- Highest value in the available series; the 2024 value is 26.4% of GDP.
- Rank in Europe & Central Asia
- #42 of 47 (2024)
- Azerbaijan ranks 42 of 47 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #116 of 160 (2024)
- Azerbaijan ranks 116 of 160 countries with data globally.
- Europe & Central Asia average
- 57.3% of GDP (2024)
- Azerbaijan (26.4% of GDP) is below the average of 57.3% of GDP across the 47 countries in Europe & Central Asia with data.
- Domestic credit to private sector by banks (% of GDP) (2024)
- 24.5% (2024)
- Related indicator from World Bank World Development Indicators.
- Outstanding loans from commercial banks, percent of GDP (2024)
- 21.7% (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- 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, 2016–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 26.4% | +3.3 pp |
| 2023 | 23.1% | +4.8 pp |
| 2022 | 18.3% | −4.6 pp |
| 2021 | 22.9% | −3.1 pp |
| 2020 | 26% | +3.0 pp |
| 2019 | 23% | +2.2 pp |
| 2018 | 20.8% | −1.3 pp |
| 2017 | 22.1% | −10.8 pp |
| 2016 | 32.9% | — |
Frequently asked questions
What is the latest figure for domestic credit to the private sector in Azerbaijan?
Domestic credit to the private sector in Azerbaijan stood at 26.4% of GDP in 2024, according to World Bank World Development Indicators data.
When did private sector credit in Azerbaijan peak?
The highest value in the available series was 32.9% of GDP in 2016; the latest (2024) value is 26.4% of GDP.
How recent is the private sector credit data for Azerbaijan?
The most recent observation is from 2024. World Bank World Development Indicators data is reported with a lag, so 2024 is the latest available year for Azerbaijan.
Where does the private sector credit data for Azerbaijan come from?
The data comes from the World Bank World Development Indicators (indicator FS.AST.PRVT.GD.ZS). The latest observation for Azerbaijan is from 2024; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FS.AST.PRVT.GD.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 .