Azerbaijan Gross Savings Rate
2001 - 2024 | Quarterly | % | CEIC Data
Key information about Azerbaijan Gross Savings Rate
- Azerbaijan Gross Savings Rate was measured at 29.9% in Sep 2024, compared with 29.9% in the previous quarter.
- Azerbaijan Gross Savings Rate is updated quarterly, with data available from Mar 2001 to Sep 2024, and an average rate of 29.9%.
- The data reached an all-time high of 29.9% in Sep 2008 and a record low of 15.0% in Dec 2003.
- CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Government and Household Final Consumption Expenditure. The State Statistical Committee of the Republic of Azerbaijan provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
- In the latest reports, Azerbaijan GDP expanded 4.9% YoY in Sep 2024.
- Azerbaijan Nominal GDP reached 20,960.0 USD mn in Dec 2022. Its GDP deflator (implicit price deflator) increased 21.7% in Dec 2022.
- Azerbaijan GDP Per Capita reached 7,126.2 USD in Dec 2023.
View Azerbaijan's Gross Savings Rate from Mar 2001 to Sep 2024 in the chart:
What was Azerbaijan's Gross Savings Rate in Sep 2024?
Azerbaijan Gross Savings Rate was measured at 29.9% in Sep 2024, compared with 29.9% in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 29.9 Sep 2024 | 26.8 Jun 2024 | 15.0 Dec 2003 | 60.5 Sep 2008 | % | quarterly | Mar 2001 - Sep 2024 |
Gross Savings Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 17.3 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Algeria (%) | 36.1 2021 | yearly | 2000 - 2021 |
| Argentina (%) | 11.0 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
| Armenia (%) | 20.6 Sep 2024 | quarterly | Dec 1994 - Sep 2024 |
| Australia (%) | 29.6 Dec 2022 | quarterly | Sep 1959 - Dec 2022 |
| Austria (%) | 24.0 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Azerbaijan (%) | 29.9 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
| Bahrain (%) | 38.1 2022 | yearly | 1989 - 2022 |
| Bangladesh (%) | 30.4 2021 | yearly | 2006 - 2021 |
| Belarus (%) | 28.3 Sep 2024 | quarterly | Mar 1992 - Sep 2024 |
| Belgium (%) | 22.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Bolivia (%) | 16.8 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Bosnia and Herzegovina (%) | 24.2 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
| Botswana (%) | 20.1 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
| Brazil (%) | 15.4 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Brunei (%) | 60.0 Sep 2022 | quarterly | Mar 2004 - Sep 2022 |
| Bulgaria (%) | 26.0 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Cambodia (%) | 34.1 2022 | yearly | 1993 - 2022 |
| Canada (%) | 25.2 Sep 2024 | quarterly | Mar 1961 - Sep 2024 |
| Chile (%) | 20.7 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| China (%) | 44.3 2023 | yearly | 1952 - 2023 |
| Colombia (%) | 8.6 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Croatia (%) | 31.2 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Cyprus (%) | 25.2 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Czech Republic (%) | 34.4 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Denmark (%) | 35.0 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| Ecuador (%) | 21.1 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Egypt (%) | 7.8 2023 | yearly | 1969 - 2023 |
| Estonia (%) | 29.7 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| European Union (%) | 26.0 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Finland (%) | 23.5 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| France (%) | 14.2 Dec 2017 | quarterly | Mar 1949 - Dec 2017 |
| Georgia (%) | 26.3 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Germany (%) | 29.6 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
| Ghana (%) | 9.9 2023 | yearly | 2006 - 2023 |
| Greece (%) | 17.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Hong Kong SAR, China (%) | 29.6 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Hungary (%) | 32.2 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Iceland (%) | 23.1 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| India (%) | 30.2 2023 | yearly | 1951 - 2023 |
| Indonesia (%) | 35.0 Dec 2024 | quarterly | Mar 2010 - Dec 2024 |
| Iran (%) | 26.4 Mar 2024 | quarterly | Jun 1988 - Mar 2024 |
| Ireland (%) | 60.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Israel (%) | 25.4 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Italy (%) | 24.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Ivory Coast (%) | 23.9 2023 | yearly | 1960 - 2023 |
| Japan (%) | 28.8 Mar 2022 | quarterly | Mar 1980 - Mar 2022 |
| Jordan (%) | 3.0 2023 | yearly | 1963 - 2023 |
| Kazakhstan (%) | 44.9 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Kenya (%) | 11.9 2023 | yearly | 2006 - 2023 |
| South Korea (%) | 34.0 Dec 2022 | quarterly | Mar 1970 - Dec 2022 |
| Kosovo (%) | 21.9 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
| Kuwait (%) | 44.9 2022 | yearly | 1970 - 2022 |
| Kyrgyzstan (%) | -4.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Laos (%) | 18.4 2016 | yearly | 2000 - 2016 |
| Latvia (%) | 17.7 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Lebanon (%) | -25.5 2021 | yearly | 1990 - 2021 |
| Lithuania (%) | 29.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Luxembourg (%) | 52.5 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Macau SAR, China (%) | 16.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| North Macedonia (%) | 16.3 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Malawi (%) | 11.2 2019 | yearly | 1977 - 2019 |
| Malaysia (%) | 26.9 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Malta (%) | 36.3 Sep 2024 | quarterly | Mar 1992 - Sep 2024 |
| Mauritius (%) | 19.0 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Mexico (%) | 18.0 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Moldova (%) | -1.8 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Mongolia (%) | 35.8 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Montenegro (%) | 6.1 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Morocco (%) | 28.6 2023 | yearly | 1975 - 2023 |
| Mozambique (%) | 4.8 2023 | yearly | 1969 - 2022 |
| Myanmar (%) | 28.7 2018 | yearly | 1996 - 2018 |
| Nepal (%) | 35.6 2024 | yearly | 2001 - 2024 |
| Netherlands (%) | 28.9 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| New Zealand (%) | 20.3 Sep 2022 | quarterly | Jun 1987 - Sep 2022 |
| Nigeria (%) | 34.6 2023 | yearly | 1981 - 2023 |
| Norway (%) | 36.6 Sep 2024 | quarterly | Mar 1978 - Sep 2024 |
| Oman (%) | 30.7 2023 | yearly | 1980 - 2023 |
| Pakistan (%) | 6.3 2024 | yearly | 2000 - 2024 |
| Palestinian Territory (%) | -2.4 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Panama (%) | 41.1 2023 | yearly | 1960 - 2023 |
| Paraguay (%) | 18.4 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
| Peru (%) | 25.0 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| Philippines (%) | 10.8 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Poland (%) | 19.5 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Portugal (%) | 26.9 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Qatar (%) | 66.3 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| Romania (%) | 24.1 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Russia (%) | 30.4 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Saudi Arabia (%) | 33.2 Sep 2024 | quarterly | Mar 2003 - Sep 2024 |
| Serbia (%) | 16.2 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Singapore (%) | 48.6 2023 | yearly | 1960 - 2023 |
| Slovakia (%) | 23.7 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Slovenia (%) | 28.0 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| South Africa (%) | 13.7 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Spain (%) | 23.7 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Sri Lanka (%) | 26.1 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Sudan (%) | 13.7 2014 | yearly | 1960 - 2014 |
| Sweden (%) | 26.6 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Switzerland (%) | 32.0 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
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Learn more about what we doAzerbaijan Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | 0.4 Jun 2021 | monthly | Dec 2004 - Jun 2021 |
| Consolidated Fiscal Balance (USD mn) | -326.765 Dec 2024 | monthly | Dec 2004 - Dec 2024 |
| Tax Revenue (USD mn) | 12,978.324 2023 | yearly | 1993 - 2023 |
| Tax Revenue: % of GDP (%) | 17.9 2023 | yearly | 1993 - 2023 |
| National Government Debt (USD mn) | 9,223.0 2021 | yearly | 2008 - 2021 |
| Government Debt: % of GDP (%) | 16.8 2021 | yearly | 2008 - 2021 |
| Forecast: Government Expenditure (AZN bn) | 46.605 2029 | yearly | 1994 - 2029 |
| Forecast: Government Net Debt (AZN bn) | 27.493 2029 | yearly | 1995 - 2029 |
| Forecast: Government Revenue (AZN bn) | 45.680 2029 | yearly | 1994 - 2029 |
| Government Revenue: Taxes (AZN mn) | 10,587.300 2018 | yearly | 1991 - 2018 |
| Government Expenditure: ytd (AZN mn) | 37,719.700 Dec 2024 | monthly | Dec 2004 - Dec 2024 |
| Government Revenue: ytd (AZN mn) | 37,164.200 Dec 2024 | monthly | Dec 2004 - Dec 2024 |
| Government Balance: ytd (AZN mn) | -555.500 Dec 2024 | monthly | Dec 2004 - Dec 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 5.9 Mar 2015 | quarterly | Dec 2009 - Mar 2015 |
| Household Debt: % of GDP (%) | 13.1 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Money Supply M1 (USD mn) | 17,439.511 Dec 2024 | monthly | Dec 1995 - Dec 2024 |
| Money Supply M2 (USD mn) | 21,559.991 Dec 2024 | monthly | Dec 1995 - Dec 2024 |
| M2 Growth (%) | 19.7 May 2023 | monthly | Dec 1996 - May 2023 |
| Reserve Requirement Ratio (%) | 5.0 Jan 2025 | monthly | May 1993 - Jan 2025 |
| Foreign Exchange Reserves (USD mn) | 12,084.6 Nov 2024 | monthly | Dec 1992 - Nov 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 17.721 Sep 2024 | quarterly | Dec 2001 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 5.7 Nov 2024 | monthly | Mar 1994 - Nov 2024 |
| Gold Reserves (USD mn) | 0.000 Nov 2024 | monthly | Dec 1992 - Nov 2024 |
| Total Deposits (USD mn) | 18,019.634 Dec 2024 | monthly | Jan 2005 - Dec 2024 |
| Total Deposits Growth (%) | 5.1 Dec 2024 | monthly | Jan 2006 - Dec 2024 |
| Domestic Credit (USD mn) | 19,125.8 Nov 2024 | monthly | Dec 2001 - Nov 2024 |
| Domestic Credit Growth (%) | -4.0 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
| Household Debt (USD mn) | 10,018.2 Dec 2024 | monthly | Jan 2005 - Dec 2024 |
| Total Loans (USD mn) | 17,228.369 Dec 2024 | monthly | Dec 2004 - Dec 2024 |
| Total Loans Growth (%) | 22.14 Dec 2024 | monthly | Dec 2005 - Dec 2024 |
| Private Debt: % of Nominal GDP (%) | 24.17 Sep 2024 | quarterly | Dec 2001 - Sep 2024 |
| Monetary Aggregates: M1 (AZN mn) | 29,647.168 Dec 2024 | monthly | Dec 2002 - Dec 2024 |
| Monetary Aggregates: M1: Cash Outside Banks (AZN mn) | 15,857.864 Dec 2024 | monthly | Dec 2002 - Dec 2024 |
| Monetary Aggregates: M3 (AZN mn) | 46,494.848 Dec 2024 | monthly | Dec 2002 - Dec 2024 |
| Monetary Aggregates: M2 (AZN mn) | 36,651.984 Dec 2024 | monthly | Dec 2002 - Dec 2024 |
| Official Foreign Reserves (USD mn) | 10,988.500 Jan 2025 | monthly | Dec 2006 - Jan 2025 |
| Deposits: Outstanding Amounts (AZN mn) | 40,270.791 Dec 2024 | monthly | Dec 2004 - Dec 2024 |
| Loans: Outstanding Amounts (AZN mn) | 29,288.227 Dec 2024 | monthly | Dec 2004 - Dec 2024 |
| Loans: Outstanding Amounts: Households (AZN mn) | 17,030.999 Dec 2024 | monthly | Jan 2005 - Dec 2024 |
More Indicators for Azerbaijan
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