Azerbaijan: Savings, percent of GDP

* indicates monthly or quarterly data series
 Azerbaijan

Savings as percent of GDP

 Latest value 29.82
 Year 2023
 Measure percent
 Data availability 1995 - 2023
 Average 30.08
 Min - Max 2.10 - 49.94
 Source The World Bank
The latest value from 2023 is 29.82 percent, a decline from 42.05 percent in 2022. In comparison, the world average is 23.44 percent, based on data from 96 countries. Historically, the average for Azerbaijan from 1995 to 2023 is 30.08 percent. The minimum value, 2.1 percent, was reached in 1996 while the maximum of 49.94 percent was recorded in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Azerbaijan - Savings, percent of GDP - Recent values chart

Historical series
Azerbaijan - Savings, percent of GDP - historical chart - 1995-2023




The savings in Azerbaijan and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.

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 Related indicators Latest Reference Measure
 Share of industry 46.63 2023 percent
 Share of manufacturing 5.78 2023 percent
 Share of services 39.08 2023 percent
 Industry value added 33.74 2023 billion U.S. dollars
 Manufacturing value added 4.18 2023 billion U.S. dollars
 Services value added 28.27 2023 billion U.S. dollars
 Savings, percent of GDP 29.82 2023 percent
 Savings, in dollars 21.69 2023 billion U.S. dollars
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