Remittance Outflows Statistics in Azerbaijan (2026)
As of 2024, personal remittances paid in Azerbaijan was $663.7 million, per World Bank World Development Indicators data. Down from $674.8 million in 2023 to $663.7 million in 2024. Azerbaijan ranks #29 of 50 economies in Europe & Central Asia on this measure, and #63 of 181 globally.
Key Statistics
- Latest value (2024)
- $663.7 million (2024)
- Remittance Outflows in Azerbaijan as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- −1.6% (2024)
- Down from $674.8 million in 2023 to $663.7 million in 2024.
- CAGR 1995–2024
- +15.9% per year (2024)
- Compound annual growth rate from $9.3 million in 1995 to $663.7 million in 2024.
- Earliest value in this dataset (1995)
- $9.3 million (1995)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from $9.3 million in 1995 to $663.7 million in 2024.
- Peak value (2012)
- $2.1 billion (2012)
- Highest value in the available series; the 2024 value is $663.7 million.
- Rank in Europe & Central Asia
- #29 of 50 (2024)
- Azerbaijan ranks 29 of 50 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #63 of 181 (2024)
- Azerbaijan ranks 63 of 181 countries with data globally.
- Europe & Central Asia average
- $4.6 billion (2024)
- Azerbaijan ($663.7 million) is below the average of $4.6 billion across the 50 countries in Europe & Central Asia with data.
- Projected 2026 value
- $682 million (2026)
- Projection based on 7-year trend (CAGR 1.4%); not an official figure.
- International migrant stock (% of population) (2024)
- 2.1% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Azerbaijan (2025)
- 90.8% (2025)
- 90.8% of the population in Azerbaijan used the internet in 2025 (World Bank); shown for context only.
- Population (2024)
- 10.2 million (2024)
- Azerbaijan had a population of 10.2 million in 2024 (World Bank); shown for scale only.
Trend, 1995–2024
| Year | current US$ | Change |
|---|---|---|
| 2024 | 663.7M | −1.6% |
| 2023 | 674.8M | −16.9% |
| 2022 | 811.9M | −0.1% |
| 2021 | 812.9M | +11.1% |
| 2020 | 731.9M | +17.8% |
| 2019 | 621.5M | +7.3% |
| 2018 | 579.5M | −3.9% |
| 2017 | 603.3M | −18.5% |
| 2016 | 740.2M | −42.8% |
| 2015 | 1.3B | −36.3% |
| 2014 | 2B | +6.8% |
| 2013 | 1.9B | −8.2% |
| 2012 | 2.1B | +62.0% |
| 2011 | 1.3B | +34.2% |
| 2010 | 953.6M | +49.4% |
| 2009 | 638.1M | +12.5% |
| 2008 | 567.3M | +40.2% |
| 2007 | 404.5M | +47.5% |
| 2006 | 274.3M | +14.6% |
| 2005 | 239.4M | +38.9% |
| 2004 | 172.3M | +31.2% |
| 2003 | 131.3M | −30.1% |
| 2002 | 187.9M | +32.4% |
| 2001 | 141.9M | +40.5% |
| 2000 | 101M | +31.1% |
| 1999 | 77M | +154.5% |
| 1998 | 30.3M | +59.0% |
| 1997 | 19M | +28.1% |
| 1996 | 14.9M | +59.6% |
| 1995 | 9.3M | — |
Frequently asked questions
What is the latest figure for personal remittances paid in Azerbaijan?
Personal remittances paid in Azerbaijan stood at $663.7 million in 2024, according to World Bank World Development Indicators data.
When did remittance outflows in Azerbaijan peak?
The highest value in the available series was $2.1 billion in 2012; the latest (2024) value is $663.7 million.
How recent is the remittance outflows 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.
Source & methodology
Source: World Bank, World Development Indicators, indicator
BM.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 .