Azerbaijan Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Azerbaijan's foreign reserves was $15.4B in 2025, ranked 68th globally. This represents a 21.0% increase from 2024. Data from World Bank, covering 1993–2025.
Overview
Azerbaijan's foreign reserves stood at $15.4B in 2025, a rise of +$2.7B from 2024. Based on recent trends, this figure is projected to reach $15.4B by 2025. Azerbaijan ranked 68th globally.
Azerbaijan’s foreign reserves have risen from a modest 590,075.58 in 1993 to 15,362,305,446.22 in 2025, placing the country 68th globally and keeping it within a narrow band alongside peers such as Greece (15,176,476,688.39) and the Dominican Republic (15,804,569,317.99). The reserve stock peaked in 2014 at 15,603,217,172.12 before a slight decline, reflecting the combined impact of fluctuating oil revenues and fiscal adjustments during that period. Over the 33‑year coverage, the upward trajectory has been driven by sustained export earnings, prudent macro‑economic management, and gradual diversification of the financial sector. Despite the modest dip from the 2014 high, the 2025 level remains close to the peak, indicating resilience in the face of regional volatility. Continued investment in non‑hydrocarbon sectors and stable external balances will be crucial to maintain or modestly increase reserve holdings in the coming years.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $18.4B | - | - |
| 2026* trend | $16.9B | - | - |
| 2025* trend | $15.4B | - | - |
| 2025 | $15.4B | +$2.7B | #68 |
| 2024 | $12.7B | −$1.0B | #71 |
| 2023 | $13.7B | +$2.4B | #69 |
| 2022 | $11.3B | +$3.0B | #72 |
| 2021 | $8.3B | +$515.0M | #85 |
| 2020 | $7.8B | +$705.7M | #82 |
| 2019 | $7.1B | +$373.0M | #84 |
| 2018 | $6.7B | −$329.9M | #82 |
| 2017 | $7.0B | +$327.7M | #81 |
| 2016 | $6.7B | −$372.0M | #80 |
| 2015 | $7.1B | −$8.5B | #78 |
| 2014 | $15.6B | +$427.9M | #62 |
| 2013 | $15.2B | +$3.9B | #65 |
| 2012 | $11.3B | +$1.0B | #66 |
| 2011 | $10.3B | +$3.9B | #67 |
Detected Pattern
Analysis
Azerbaijan matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Azerbaijan's foreign reserves was $15.4B in 2025. Ranked 68th globally. This represents a 21.0% increase from the previous year.
Azerbaijan's foreign reserves peaked at $15.6B in 2014.
The lowest foreign reserves in Azerbaijan was $590,076 in 1993.
Azerbaijan ranks 68th globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Azerbaijan's foreign reserves is projected to reach $15.4B by 2025 based on trend extrapolation.
Azerbaijan's foreign reserves was approximately 15.36 billion ($15.4B) in 2025.
The foreign reserves of Azerbaijan in 2025 was $15.4B. This ranks 68th in the world.
Cite this page
@misc{historysaid_azerbaijan_reserves,
title = {Azerbaijan Foreign Reserves},
url = {https://historysaid.com/azerbaijan/reserves/},
publisher = {HistorySaid},
year = {2026}
}