Remittance Inflows Statistics in Azerbaijan (2026)
In 2024, personal remittances received in Azerbaijan stood at $1.4 billion, according to World Bank World Development Indicators data. Down from $1.9 billion in 2023 to $1.4 billion in 2024. Azerbaijan ranks #33 of 50 economies in Europe & Central Asia on this measure, and #79 of 179 globally.
Key Statistics
- Latest value (2024)
- $1.4 billion (2024)
- Remittance Inflows in Azerbaijan as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- −29.3% (2024)
- Down from $1.9 billion in 2023 to $1.4 billion in 2024.
- CAGR 1995–2024
- +23.5% per year (2024)
- Compound annual growth rate from $3 million in 1995 to $1.4 billion in 2024.
- Earliest value in this dataset (1995)
- $3 million (1995)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from $3 million in 1995 to $1.4 billion in 2024.
- Peak value (2022)
- $4 billion (2022)
- Highest value in the available series; the 2024 value is $1.4 billion.
- Rank in Europe & Central Asia
- #33 of 50 (2024)
- Azerbaijan ranks 33 of 50 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #79 of 179 (2024)
- Azerbaijan ranks 79 of 179 countries with data globally.
- Europe & Central Asia average
- $4.7 billion (2024)
- Azerbaijan ($1.4 billion) is below the average of $4.7 billion across the 50 countries in Europe & Central Asia with data.
- Projected 2026 value
- $1.4 billion (2026)
- Projection based on 7-year trend (CAGR 2.5%); not an official figure.
- Personal remittances, received (% of GDP) (2024)
- 1.8% (2024)
- Related indicator from World Bank World Development Indicators.
- International migrant stock (% of population) (2024)
- 2.1% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Azerbaijan (2025)
- 90.8% (2025)
- 90.8% of the population in Azerbaijan used the internet in 2025 (World Bank); shown for context only.
- Population (2024)
- 10.2 million (2024)
- Azerbaijan had a population of 10.2 million in 2024 (World Bank); shown for scale only.
Trend, 1995–2024
| Year | current US$ | Change |
|---|---|---|
| 2024 | 1.4B | −29.3% |
| 2023 | 1.9B | −51.6% |
| 2022 | 4B | +158.7% |
| 2021 | 1.5B | +8.8% |
| 2020 | 1.4B | +10.0% |
| 2019 | 1.3B | +4.0% |
| 2018 | 1.2B | +8.2% |
| 2017 | 1.1B | +76.2% |
| 2016 | 643.1M | −49.4% |
| 2015 | 1.3B | −31.2% |
| 2014 | 1.8B | +6.5% |
| 2013 | 1.7B | −12.9% |
| 2012 | 2B | +5.1% |
| 2011 | 1.9B | +34.2% |
| 2010 | 1.4B | +12.4% |
| 2009 | 1.3B | −17.4% |
| 2008 | 1.5B | +19.8% |
| 2007 | 1.3B | +60.4% |
| 2006 | 790.2M | +26.8% |
| 2005 | 623.2M | +206.1% |
| 2004 | 203.6M | +30.5% |
| 2003 | 156M | −4.5% |
| 2002 | 163.3M | +56.8% |
| 2001 | 104.1M | +82.3% |
| 2000 | 57.1M | +4.8% |
| 1999 | 54.5M | +765.8% |
| 1998 | 6.3M | +21.1% |
| 1997 | 5.2M | +26.8% |
| 1996 | 4.1M | +36.6% |
| 1995 | 3M | — |
Frequently asked questions
What is the latest figure for personal remittances received in Azerbaijan?
Personal remittances received in Azerbaijan stood at $1.4 billion in 2024, according to World Bank World Development Indicators data.
How does Azerbaijan compare with other countries in Europe & Central Asia?
Azerbaijan ranks 33 of 50 countries in Europe & Central Asia with data, with $1.4 billion versus a regional average of $4.7 billion (latest values per country).
Where does Azerbaijan rank globally on remittance inflows?
Azerbaijan ranks 79 of 179 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
What could remittance inflows in Azerbaijan look like in 2026?
A trend-based projection puts it at $1.4 billion in 2026. Projection based on 7-year trend (CAGR 2.5%); not an official figure.
Source & methodology
Source: World Bank, World Development Indicators, indicator
BX.TRF.PWKR.CD.DT, 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 .