Adjusted savings: gross savings in Azerbaijan
Azerbaijan: Adjusted savings: gross savings was 33.5% in 2021. ▲ Rising
Adjusted savings: gross savings in Azerbaijan, 1995–2021
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: gross savings in Azerbaijan is 33.5%, measured in 2021.
That represents a change of up 41.3% on the previous year and down 33.3% over ten years.
Over the whole period, adjusted savings: gross savings in Azerbaijan peaked at 55.7% in 2008 and was at its lowest, 2.1%, in 1996.
That places Azerbaijan 28th out of 178 countries with data for 2021, putting it in the top quarter.
The long-run direction has been consistently rising across the 27 years of available data.
Adjusted savings: gross savings in Azerbaijan, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1995 | 7.3% | — |
| 1996 | 2.1% | -71.1% |
| 1997 | 13.9% | +556.4% |
| 1998 | 6.6% | -52.4% |
| 1999 | 13.9% | +110.8% |
| 2000 | 20.4% | +46.7% |
| 2001 | 24.3% | +19.0% |
| 2002 | 23.4% | -3.5% |
| 2003 | 27.0% | +15.0% |
| 2004 | 29.3% | +8.6% |
| 2005 | 44.8% | +53.1% |
| 2006 | 51.2% | +14.3% |
| 2007 | 53.1% | +3.7% |
| 2008 | 55.7% | +4.8% |
| 2009 | 43.6% | -21.7% |
| 2010 | 47.6% | +9.2% |
| 2011 | 50.2% | +5.6% |
| 2012 | 46.9% | -6.6% |
| 2013 | 45.0% | -4.1% |
| 2014 | 41.9% | -6.8% |
| 2015 | 29.1% | -30.7% |
| 2016 | 24.0% | -17.2% |
| 2017 | 30.2% | +25.5% |
| 2018 | 33.8% | +11.9% |
| 2019 | 29.7% | -12.0% |
| 2020 | 23.7% | -20.2% |
| 2021 | 33.5% | +41.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.8% | 2.1% | 13.9% | 5 |
| 2000s | 37.3% | 20.4% | 55.7% | 10 |
| 2010s | 37.8% | 24.0% | 50.2% | 10 |
| 2020s | 28.6% | 23.7% | 33.5% | 2 |
Countries ranked near Azerbaijan
- 25 Indonesia 34.0% compare
- 26 Papua New Guinea 33.6% compare
- 27 Uzbekistan 33.5% compare
- 29 Maldives 33.1% compare
- 30 Sri Lanka 33.1% compare
- 31 Cape Verde 33.0% compare
More economy & growth data for Azerbaijan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.06 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.42 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate -6.9 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.1889 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 1,400 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate -6.9 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 0.3211 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 2,380 current LCU per person (2025)
- Imports of goods and services (current US$), annual growth rate 2.24 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.3681 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: gross savings in Azerbaijan?
- Adjusted savings: gross savings in Azerbaijan was 33.5% in 2021, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Azerbaijan?
- The highest recorded value was 55.7% in 2008.
- What is the lowest adjusted savings: gross savings recorded in Azerbaijan?
- The lowest recorded value was 2.1% in 1996.
- How does Azerbaijan rank for adjusted savings: gross savings?
- Azerbaijan ranks 28th out of 178 countries with data for 2021.
- Is adjusted savings: gross savings rising or falling in Azerbaijan?
- Over the last ten years it is down 33.3%. The long-run trend across the full record is rising.
- Where does this Azerbaijan data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Adjusted savings: gross savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.