Azerbaijan: Real interest rate (%)

Key figures

What the numbers say

In 2025, Azerbaijan's real interest rate (%) fell 1.55 percentage points on 2024 (from 16.23% to 14.68%).

Across the 26 yearly changes before that (1999 to 2024), the average change was −0.18 percentage points and a typical year strayed about 19.7 percentage points from that (the standard deviation). This year's change was 0.1 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 54.41 percentage points in 2009 and the biggest yearly fall was 41.96 percentage points in 2010. 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 7% 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 9th highest value of the 73 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 2025 ranking

• Guyana — 5th of 73: 17.56%
• Timor-Leste — 6th of 73: 15.85%
• Congo, Dem. Rep. — 7th of 73: 15.12%
• Gambia, The — 9th of 73: 13.08%
• Georgia — 10th of 73: 10.78%
• Brunei Darussalam — 11th of 73: 10.75%

What this measures

An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.

All 28 values

Real interest rate (%) in nearby economies

• Albania — 4% (2024)
• Armenia — 9.86% (2025)
• Belarus — 0.03% (2025)
• Bosnia and Herzegovina — 1.05% (2025)
• Bulgaria — -2.96% (2025)
• Czechia — 1.12% (2025)
• Georgia — 10.78% (2025)
• Hungary — 1.64% (2025)
• Iceland — 3.87% (2025)
• Italy — -1.29% (2023)
• Kosovo — 5.08% (2018)
• Kyrgyz Republic — 12.58% (2024)

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)
• Domestic credit to private sector by banks (% of GDP) — 22.84% (2025)
• Net domestic credit (current LCU) — 36.87 billion (2025)
• Net foreign assets (current LCU) — 25.43 billion (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Azerbaijan's real interest rate (%)?

14.68% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1998?

It is down 6.34 percentage points from 21.02% in 1998. The highest value was 48% in 2009 and the lowest -16.52% in 2022.

How does Azerbaijan rank?

9th highest of 73 economies with data for 2025.

Is the latest change in real interest rate (%) unusual for Azerbaijan?

In 2025, Azerbaijan's real interest rate (%) fell 1.55 percentage points on 2024 (from 16.23% to 14.68%). Across the 26 yearly changes before that (1999 to 2024), the average change was −0.18 percentage points and a typical year strayed about 19.7 percentage points from that (the standard deviation). This year's change was 0.1 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 FR.INR.RINR, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators, 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.