Azerbaijan's domestic credit to private sector by banks (% of GDP) was 22.84% in 2025, the latest year in the World Bank's World Development Indicators. That is down 15.58 percentage points from 38.42% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 22.84% | 2025 |
| Five years earlier | 25.02% | 2020 |
| Ten years earlier | 38.42% | 2015 |
| Highest | 38.42% | 2015 |
| Lowest | 1.17% | 1996 |
| Average since 2016 | 22.89% | 2016–2025 |
| First recorded | 10.81% | 1992 |
What the numbers say
In 2025, Azerbaijan's domestic credit to private sector by banks (% of GDP) fell 1.6 percentage points on 2024 (from 24.44% to 22.84%).
Across the 30 yearly changes before that (1995 to 2024), the average change was +0.7 percentage points and a typical year strayed about 3.66 percentage points from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 7.84 percentage points in 2015 and the biggest yearly fall was 10.6 percentage points in 2017. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 9% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Azerbaijan had the 82nd highest value of the 110 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.
| Value | Year | |
|---|---|---|
| Azerbaijan | 22.84% | 2025 |
| World | 91.32% | 2024 |
| Europe & Central Asia | 82.58% | 2023 |
| Upper middle income | 136.85% | 2024 |
Closest to Azerbaijan in the 2025 ranking
- Djibouti — 78th of 110: 25.16%
- Eswatini — 79th of 110: 22.97%
- Togo — 80th of 110: 22.94%
- Burkina Faso — 82nd of 110: 22.68%
- Côte d'Ivoire — 83rd of 110: 22.66%
- Romania — 84th of 110: 22.07%
What this measures
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Limitations: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 34 values
| Year | Domestic credit to private sector by banks (% of GDP) |
|---|---|
| 2025 | 22.84 |
| 2024 | 24.44 |
| 2023 | 22.08 |
| 2022 | 17.54 |
| 2021 | 21.95 |
| 2020 | 25.02 |
| 2019 | 22.15 |
| 2018 | 19.92 |
| 2017 | 21.15 |
| 2016 | 31.75 |
| 2015 |
Domestic credit to private sector by banks (% of GDP) in nearby economies
More financial sector data for Azerbaijan
- GDP deflator (base year varies by country) — 380.4 (2025)
- GDP deflator, linked series (base year varies by country) — 380.4 (2025)
- DEC alternative conversion factor (LCU per US$) — US$1.7 (2025)
- Consumer price index (2010 = 100) — 229.91 (2025)
- Inflation, GDP deflator (annual % growth) — 0.57% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 0.57% (2025)
- Net domestic credit (current LCU) — 36.87 billion (2025)
- Net foreign assets (current LCU) — 25.43 billion (2025)
- Monetary sector credit to private sector (% of GDP) — 22.86% (2025)
Reading data like this
Questions people ask
- What is Azerbaijan's domestic credit to private sector by banks (% of GDP)?
- 22.84% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is up 12.03 percentage points from 10.81% in 1992. The highest value was 38.42% in 2015 and the lowest 1.17% in 1996.
- How does Azerbaijan rank?
- 82nd highest of 110 economies with data for 2025.
- Is the latest change in domestic credit to private sector by banks (% of GDP) unusual for Azerbaijan?
- In 2025, Azerbaijan's domestic credit to private sector by banks (% of GDP) fell 1.6 percentage points on 2024 (from 24.44% to 22.84%). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.7 percentage points and a typical year strayed about 3.66 percentage points from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator FD.AST.PRVT.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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