Azerbaijan Domestic Credit
Domestic credit provided by financial sector as % of GDP FS.AST.DOMS.GD.ZS
Azerbaijan's domestic credit was 22.16% in 2025, ranked 48th globally. This represents a 5.5% increase from 2024. Data from World Bank, covering 2016–2025.
Overview
Azerbaijan's domestic credit stood at 22.16% in 2025, a rise of +1.15% from 2024. Based on recent trends, this figure is projected to reach 22.16% by 2025. Azerbaijan ranked 48th globally.
Azerbaijan's domestic credit has experienced fluctuations over the past decade, with a notable peak of 28.12 in 2016, followed by a significant decline to a trough of 13.13 in 2018. The country's domestic credit has since recovered, reaching 22.16 in 2025, ranking 48th globally. This trajectory is comparable to that of Rwanda, which has a slightly higher domestic credit value of 22.58. In contrast, Guyana's domestic credit stands at 16.10, while Nicaragua's is 23.09. The sharp decline in domestic credit in 2018 was likely due to the economic downturn caused by the decline in oil prices, which is a significant contributor to Azerbaijan's economy. To reverse this trend, Azerbaijan may need to diversify its economy and invest in sectors such as renewable energy and technology to reduce its dependence on oil exports and create a more stable financial environment.
Data & projection
| Year | Domestic Credit | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 25.23% | - | - |
| 2026* trend | 23.70% | - | - |
| 2025* trend | 22.16% | - | - |
| 2025 | 22.16% | +1.15% | #48 |
| 2024 | 21.01% | +0.58% | #2 |
| 2023 | 20.43% | +5.78% | #3 |
| 2022 | 14.65% | −1.66% | #2 |
| 2021 | 16.31% | +0.91% | #3 |
| 2020 | 15.40% | +0.78% | #3 |
| 2019 | 14.62% | +1.48% | #2 |
| 2018 | 13.13% | −0.80% | #1 |
| 2017 | 13.93% | −14.19% | #2 |
| 2016 | 28.12% | – | #8 |
Detected Pattern
Analysis
Azerbaijan matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw domestic credit improve within 24 months. View full analysis →
Frequently Asked Questions
Azerbaijan's domestic credit was 22.16% in 2025. Ranked 48th globally. This represents a 5.5% increase from the previous year.
Azerbaijan's domestic credit peaked at 28.12% in 2016.
The lowest domestic credit in Azerbaijan was 13.13% in 2018.
Azerbaijan ranks 48th globally in domestic credit as of 2025.
The World Bank indicator code is FS.AST.DOMS.GD.ZS. Data sourced from World Bank.
Azerbaijan's domestic credit is projected to reach 22.16% by 2025 based on trend extrapolation.
The domestic credit of Azerbaijan in 2025 was 22.16%. This ranks 48th in the world.
Cite this page
@misc{historysaid_azerbaijan_domestic-credit,
title = {Azerbaijan Domestic Credit},
url = {https://historysaid.com/azerbaijan/domestic-credit/},
publisher = {HistorySaid},
year = {2026}
}