Azerbaijan: Adjusted savings, mineral depletion (current US$)

Key figures

What the numbers say

In 2021, Azerbaijan's adjusted savings, mineral depletion (current US$) rose US$65.22 million on 2020 (from US$73.71 million to US$138.93 million).

Across the 30 yearly changes before that (1991 to 2020), the average change was +US$2.46 million and a typical year strayed about US$15.5 million from that (the standard deviation). This year's change was 4.0 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was US$65.22 million in 2021 and the biggest yearly fall was US$39.62 million in 2018. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is upward, about US$9.46 million a year. A straight line explains 61% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Azerbaijan had the 66th highest value of the 216 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Azerbaijan in the 2021 ranking

• Serbia — 63rd of 216: US$144.12 million
• Ireland — 64th of 216: US$140.96 million
• Viet Nam — 65th of 216: US$140.74 million
• Niger — 67th of 216: US$95.96 million
• Honduras — 68th of 216: US$84.47 million
• Greece — 69th of 216: US$77.34 million

What this measures

Mineral depletion is the ratio of the value of the stock of mineral resources to the remaining reserve lifetime (capped at 25 years). It covers tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 52 values

Adjusted savings, mineral depletion (current US$) in nearby economies

• Albania — US$11.41 million (2021)
• Andorra — US$0 (2021)
• Armenia — US$448.08 million (2021)
• Austria — US$0 (2021)
• Belarus — US$0 (2021)
• Belgium — US$0 (2021)
• Bosnia and Herzegovina — US$7.31 million (2021)
• Bulgaria — US$387.76 million (2021)
• Channel Islands — US$0 (2021)
• Croatia

More economic policy & debt data for Azerbaijan

• Adjusted savings, education expenditure (% of GNI) — 3.9% (2021)
• Adjusted savings, energy depletion (current US$) — US$8.51 billion (2021)
• General government final consumption expenditure (current US$) — US$11.79 billion (2025)
• General government final consumption expenditure (current LCU) — 20.05 billion (2025)
• General government final consumption expenditure (% of GDP) — 15.53% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$45.08 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 76.64 billion (2025)
• Households and NPISHs final consumption expenditure, linked series (current LCU)

Reading data like this

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Questions people ask

What is Azerbaijan's adjusted savings, mineral depletion (current US$)?

US$138.93 million in 2021, according to the World Bank (World Development Indicators).

How does Azerbaijan rank?

66th highest of 216 economies with data for 2021.

Is the latest change in adjusted savings, mineral depletion (current US$) unusual for Azerbaijan?

In 2021, Azerbaijan's adjusted savings, mineral depletion (current US$) rose US$65.22 million on 2020 (from US$73.71 million to US$138.93 million). Across the 30 yearly changes before that (1991 to 2020), the average change was +US$2.46 million and a typical year strayed about US$15.5 million from that (the standard deviation). This year's change was 4.0 standard deviations above that average, so it was unusually large compared with the rest of the record.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB).

Source

World Bank, World Development Indicators, indicator NY.ADJ.DMIN.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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