Azerbaijan Gross Savings Rate

Key information about Azerbaijan Gross Savings Rate

• Azerbaijan Gross Savings Rate was measured at 31.5% in Dec 2023, compared with 31.5% in the previous quarter.
• Azerbaijan Gross Savings Rate is updated quarterly, with data available from Mar 2001 to Dec 2023, and an average rate of 31.5%.
• The data reached an all-time high of 31.5% 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 1.1% YoY in Dec 2023.
• 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 Dec 2023 in the chart:

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What was Azerbaijan's Gross Savings Rate in Dec 2023?

Azerbaijan Gross Savings Rate was measured at 31.5% in Dec 2023, compared with 31.5% in the previous quarter. See the table below for more data.

Gross Savings Rate by Country Comparison

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