Azerbaijan Gross Savings Rate
2001 - 2024 | Quarterly | % | CEIC Data
Key information about Azerbaijan Gross Savings Rate
- Azerbaijan Gross Savings Rate was measured at 30.6% in Mar 2024, compared with 30.6% in the previous quarter.
- Azerbaijan Gross Savings Rate is updated quarterly, with data available from Mar 2001 to Mar 2024, and an average rate of 30.6%.
- The data reached an all-time high of 30.6% 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 4.0% YoY in Mar 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 Mar 2024 in the chart:
What was Azerbaijan's Gross Savings Rate in Mar 2024?
Azerbaijan Gross Savings Rate was measured at 30.6% in Mar 2024, compared with 30.6% in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 30.6 Mar 2024 | 31.5 Dec 2023 | 15.0 Dec 2003 | 60.5 Sep 2008 | % | quarterly | Mar 2001 - Mar 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 (%) | 15.6 Jun 2024 | quarterly | Dec 1994 - Jun 2024 |
| Australia (%) | 29.6 Dec 2022 | quarterly | Sep 1959 - Dec 2022 |
| Austria (%) | 27.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Azerbaijan (%) | 30.6 Mar 2024 | quarterly | Mar 2001 - Mar 2024 |
| Bahrain (%) | 38.6 2022 | yearly | 1989 - 2022 |
| Bangladesh (%) | 30.4 2021 | yearly | 2006 - 2021 |
| Belarus (%) | 23.6 Mar 2024 | quarterly | Mar 1992 - Mar 2024 |
| Belgium (%) | 25.8 Mar 2024 | quarterly | Mar 1980 - Mar 2024 |
| Bolivia (%) | 13.1 Mar 2024 | quarterly | Mar 1990 - Mar 2024 |
| Bosnia and Herzegovina (%) | 5.9 Mar 2024 | quarterly | Mar 2008 - Mar 2024 |
| Botswana (%) | 24.7 Mar 2024 | quarterly | Mar 1994 - Mar 2024 |
| Brazil (%) | 16.6 Mar 2024 | quarterly | Mar 1991 - Mar 2024 |
| Brunei (%) | 60.0 Sep 2022 | quarterly | Mar 2004 - Sep 2022 |
| Bulgaria (%) | 19.3 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Cambodia (%) | 34.1 2022 | yearly | 1993 - 2022 |
| Canada (%) | 20.7 Jun 2024 | quarterly | Mar 1961 - Jun 2024 |
| Chile (%) | 20.2 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| China (%) | 44.3 2023 | yearly | 1952 - 2023 |
| Colombia (%) | 8.6 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Croatia (%) | 18.3 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Cyprus (%) | 20.6 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Czech Republic (%) | 33.9 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Denmark (%) | 32.8 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Ecuador (%) | 22.2 Mar 2024 | quarterly | Mar 1991 - Mar 2024 |
| Egypt (%) | 7.8 2023 | yearly | 1969 - 2023 |
| Estonia (%) | 29.7 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| European Union (%) | 25.8 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Finland (%) | 21.1 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| France (%) | 14.2 Dec 2017 | quarterly | Mar 1949 - Dec 2017 |
| Georgia (%) | 14.9 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| Germany (%) | 29.6 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
| Ghana (%) | 9.9 2023 | yearly | 2006 - 2023 |
| Greece (%) | 7.5 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Hong Kong SAR, China (%) | 23.5 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
| Hungary (%) | 30.0 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Iceland (%) | 23.1 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| India (%) | 30.2 2023 | yearly | 1951 - 2023 |
| Indonesia (%) | 36.8 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Iran (%) | 26.4 Mar 2024 | quarterly | Jun 1988 - Mar 2024 |
| Ireland (%) | 59.6 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Israel (%) | 25.0 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Italy (%) | 23.4 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Ivory Coast (%) | 23.9 2023 | yearly | 1960 - 2023 |
| Japan (%) | 28.8 Mar 2022 | quarterly | Mar 1980 - Mar 2022 |
| Jordan (%) | 2.9 2023 | yearly | 1963 - 2023 |
| Kazakhstan (%) | 44.9 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Kenya (%) | 12.1 2022 | yearly | 2006 - 2022 |
| South Korea (%) | 34.0 Dec 2022 | quarterly | Mar 1970 - Dec 2022 |
| Kosovo (%) | -5.7 Mar 2024 | quarterly | Mar 2010 - Mar 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 (%) | 19.6 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Lebanon (%) | -25.5 2021 | yearly | 1990 - 2021 |
| Lithuania (%) | 19.3 Mar 2024 | quarterly | Mar 1995 - Mar 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 (%) | 7.4 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Malawi (%) | 11.2 2019 | yearly | 1977 - 2019 |
| Malaysia (%) | 26.9 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Malta (%) | 39.3 Jun 2024 | quarterly | Mar 1992 - Jun 2024 |
| Mauritius (%) | 21.9 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
| Mexico (%) | 16.7 Mar 2024 | quarterly | Mar 1993 - Mar 2024 |
| Moldova (%) | -6.3 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Mongolia (%) | 35.8 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Montenegro (%) | -8.0 Mar 2024 | quarterly | Mar 2010 - Mar 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 (%) | 29.6 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| New Zealand (%) | 20.3 Sep 2022 | quarterly | Jun 1987 - Sep 2022 |
| Nigeria (%) | 34.6 2023 | yearly | 1981 - 2023 |
| Norway (%) | 37.2 Jun 2024 | quarterly | Mar 1978 - Jun 2024 |
| Oman (%) | 34.7 2022 | yearly | 1980 - 2022 |
| Pakistan (%) | 6.8 2024 | yearly | 2000 - 2024 |
| Palestinian Territory (%) | -2.8 Mar 2024 | quarterly | Mar 2011 - Mar 2024 |
| Panama (%) | 35.8 2021 | yearly | 1960 - 2021 |
| Paraguay (%) | 25.4 Mar 2024 | quarterly | Mar 1994 - Mar 2024 |
| Peru (%) | 21.5 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Philippines (%) | 10.8 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Poland (%) | 19.9 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Portugal (%) | 21.0 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
| Qatar (%) | 66.3 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| Romania (%) | 13.9 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Russia (%) | 28.1 Mar 2024 | quarterly | Mar 1993 - Mar 2024 |
| Saudi Arabia (%) | 37.4 Mar 2024 | quarterly | Mar 2003 - Mar 2024 |
| Serbia (%) | 17.8 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Singapore (%) | 48.6 2023 | yearly | 1960 - 2023 |
| Slovakia (%) | 15.1 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Slovenia (%) | 28.1 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| South Africa (%) | 12.7 Mar 2024 | quarterly | Mar 1960 - Mar 2024 |
| Spain (%) | 22.7 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
| Sri Lanka (%) | 26.1 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Sudan (%) | 13.7 2014 | yearly | 1960 - 2014 |
| Sweden (%) | 29.3 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Switzerland (%) | 34.3 Jun 2024 | quarterly | Mar 1990 - Jun 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) | 1,839.118 Jul 2024 | monthly | Dec 2004 - Jul 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) | 46.691 2028 | yearly | 1994 - 2028 |
| Forecast: Government Net Debt (AZN bn) | 36.658 2029 | yearly | 1995 - 2029 |
| Forecast: Government Revenue (AZN bn) | 43.588 2028 | yearly | 1994 - 2028 |
| Government Revenue: Taxes (AZN mn) | 10,587.300 2018 | yearly | 1991 - 2018 |
| Government Expenditure: ytd (AZN mn) | 19,458.400 Jul 2024 | monthly | Dec 2004 - Jul 2024 |
| Government Revenue: ytd (AZN mn) | 22,584.900 Jul 2024 | monthly | Dec 2004 - Jul 2024 |
| Government Balance: ytd (AZN mn) | 3,126.500 Jul 2024 | monthly | Dec 2004 - Jul 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 5.9 Mar 2015 | quarterly | Dec 2009 - Mar 2015 |
| Household Debt: % of GDP (%) | 11.9 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Money Supply M1 (USD mn) | 16,851.890 Jul 2024 | monthly | Dec 1995 - Jul 2024 |
| Money Supply M2 (USD mn) | 20,854.447 Jul 2024 | monthly | Dec 1995 - Jul 2024 |
| M2 Growth (%) | 19.7 May 2023 | monthly | Dec 1996 - May 2023 |
| Reserve Requirement Ratio (%) | 5.0 Aug 2024 | monthly | May 1993 - Aug 2024 |
| Foreign Exchange Reserves (USD mn) | 12,931.6 Jun 2024 | monthly | Dec 1992 - Jun 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 18.564 Mar 2024 | quarterly | Dec 2001 - Mar 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 7.0 May 2024 | monthly | Mar 1994 - May 2024 |
| Gold Reserves (USD mn) | 0.000 Jun 2024 | monthly | Dec 1992 - Jun 2024 |
| Total Deposits (USD mn) | 17,069.144 Jul 2024 | monthly | Jan 2005 - Jul 2024 |
| Total Deposits Growth (%) | 10.2 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Domestic Credit (USD mn) | 20,846.5 Jun 2024 | monthly | Dec 2001 - Jun 2024 |
| Domestic Credit Growth (%) | 3.4 Jun 2024 | monthly | Dec 2002 - Jun 2024 |
| Household Debt (USD mn) | 9,196.6 Jul 2024 | monthly | Jan 2005 - Jul 2024 |
| Total Loans (USD mn) | 16,040.270 Jul 2024 | monthly | Dec 2004 - Jul 2024 |
| Total Loans Growth (%) | 23.71 Jul 2024 | monthly | Dec 2005 - Jul 2024 |
| Private Debt: % of Nominal GDP (%) | 22.79 Mar 2024 | quarterly | Dec 2001 - Mar 2024 |
| Monetary Aggregates: M1 (AZN mn) | 28,648.212 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Monetary Aggregates: M1: Cash Outside Banks (AZN mn) | 15,901.153 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Monetary Aggregates: M3 (AZN mn) | 44,920.738 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Monetary Aggregates: M2 (AZN mn) | 35,452.560 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Official Foreign Reserves (USD mn) | 11,765.700 Jul 2024 | monthly | Dec 2006 - Jul 2024 |
| Deposits: Outstanding Amounts (AZN mn) | 36,976.605 Jul 2024 | monthly | Dec 2004 - Jul 2024 |
| Loans: Outstanding Amounts (AZN mn) | 27,268.460 Jul 2024 | monthly | Dec 2004 - Jul 2024 |
| Loans: Outstanding Amounts: Households (AZN mn) | 15,634.166 Jul 2024 | monthly | Jan 2005 - Jul 2024 |
More Indicators for Azerbaijan
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National Accounts
GDP: by Expenditure: 2005 Price
GDP: by Expenditure: Current Price: Annual
GDP: by Industry: 2005 Price
GDP: by Industry: Gross Value Added: Previous Year Price
GDP per Capita
Gross Domestic Product: by Expenditure: Annual
Gross Domestic Product: Nominal
Gross Domestic Product: Real
Real GDP Index: Same Period Previous Year=100
Contribution to GDP
GDP: by Expenditure: Current Price
GDP: by Income: Current Price
GDP: by Industry: Current Price
GDP: by Production: Current Price
Gross Domestic Product: Annual Growth Rate
Gross Domestic Product: by Expenditure: Quarterly
Gross Domestic Product: Purchasing Power Parity
Gross Domestic Product: Share of GDP