Volume of remittances (in United States dollars) as a proportion of in Azerbaijan
Azerbaijan: Volume of remittances (in United States dollars) as a proportion of was 1.8% in 2024. ▲ Rising
Latest (2024)
1.8%
Change on year
down 31.1%
World rank
113th
of 203 countries
All-time high
5.0%
in 2022
All-time low
1.1%
in 2000
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in Azerbaijan, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Azerbaijan recorded 1.8% for volume of remittances (in united states dollars) as a proportion of in 2024.
The figure is down 31.1% on the previous year and down 25.9% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Azerbaijan peaked at 5.0% in 2022 and was at its lowest, 1.1%, in 2000.
That places Azerbaijan 113th out of 203 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Azerbaijan, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1.1% | — |
| 2001 | 1.8% | +68.4% |
| 2002 | 2.6% | +43.6% |
| 2003 | 2.1% | -18.2% |
| 2004 | 2.3% | +9.4% |
| 2005 | 4.7% | +100.6% |
| 2006 | 3.8% | -20.0% |
| 2007 | 3.8% | +1.9% |
| 2008 | 3.1% | -19.0% |
| 2009 | 2.8% | -8.9% |
| 2010 | 2.7% | -5.9% |
| 2011 | 2.9% | +7.7% |
| 2012 | 2.9% | -0.5% |
| 2013 | 2.3% | -18.2% |
| 2014 | 2.5% | +5.0% |
| 2015 | 2.4% | -2.5% |
| 2016 | 1.7% | -29.0% |
| 2017 | 2.8% | +63.3% |
| 2018 | 2.6% | -6.2% |
| 2019 | 2.6% | +1.7% |
| 2020 | 3.3% | +24.2% |
| 2021 | 2.8% | -15.3% |
| 2022 | 5.0% | +80.0% |
| 2023 | 2.6% | -47.3% |
| 2024 | 1.8% | -31.1% |
Azerbaijan compared with similar countries
- Azerbaijan's 1.8% is below the median for upper middle income countries, which is 3.6%, 50% of the median. (53 countries reporting)
- Azerbaijan's 1.8% is above the median for Europe & Central Asia, which is 1.5%, 1.2× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.8% | 1.1% | 4.7% | 10 |
| 2010s | 2.5% | 1.7% | 2.9% | 10 |
| 2020s | 3.1% | 1.8% | 5.0% | 5 |
Countries ranked near Azerbaijan
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 910.20 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.012 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 88.83 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 374.19 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 61.79 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0049 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 36.52 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 6.75 % change on previous year (2025)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Azerbaijan?
- Volume of remittances (in united states dollars) as a proportion of in Azerbaijan was 1.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Azerbaijan?
- The highest recorded value was 5.0% in 2022.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Azerbaijan?
- The lowest recorded value was 1.1% in 2000.
- How does Azerbaijan rank for volume of remittances (in united states dollars) as a proportion of?
- Azerbaijan ranks 113th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Azerbaijan?
- Over the last ten years it is down 25.9%. The long-run trend across the full record is rising.
- Where does this Azerbaijan data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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