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Prices & public finance · Europe & Central Asia · Upper-middle income
Azerbaijan: prices, money and public finance
Inflation is 5.6% (2025), 38th of 180 in the world and 10th of 49 in Europe & Central Asia. GDP deflator is 0.6% (2025), 181st of 209 in the world and 55th of 56 in Europe & Central Asia. Lending rate is 15.3% (2025), 29th of 136 in the world and 7th of 24 in Europe & Central Asia.
Inflation
AzerbaijanEurope & Central AsiaUpper-middle incomeWorld
GDP deflator
AzerbaijanEurope & Central AsiaUpper-middle incomeWorld
14 indicators
Prices & public finance: Azerbaijan in detail
Latest reported value, world rank and rank within Europe & Central Asia; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 5.6%2025 | 38/180 | 10/49 | 1.8% | 5.7% | 2.8% | +1.6 ppsince 2015 | 3.7% | 3.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 0.6%2025 | 181/209 | 55/56 | 12.5% | 13.8% | -7.5% | +9.4 ppsince 2015 | 3.6% | 3.3% | 3.3% | |
| Lending rateLending interest rate, % | 15.3%2025 | 29/136 | 7/24 | 19.7% | 20.7% | 17.2% | −2.2 ppsince 2015 | — | — | — | |
| Real interest rateReal interest rate, % | 14.7%2025 | 13/136 | 2/24 | 6.4% | 6.0% | 26.7% | −14.2 ppsince 2015 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 1.702025 | 150/210 | 27/57 | 0.89 | 0.80 | 1.70 | +66%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 17.3%2024 | 68/142 | 37/48 | 12.7%1999 | 12.2% | 15.2% | +3.1 ppsince 2014 | 19.7% | 10.4% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 38.9%2024 | 17/142 | 13/48 | 17.6%1999 | 46.8% | 35.0% | −1.0 ppsince 2014 | 34.7% | 18.5% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 23.0%2022 | 89/142 | 41/47 | 19.0%1999 | 20.9% | 33.9% | +0.8 ppsince 2012 | 38.9% | — | 28.5% | |
| Government debtCentral government debt, % of GDP | 6.4%2010 | 75/78 | 19/19 | · | 6.4% | · | — | — | — | — | |
| External debtExternal debt stocks, % of GNI | 17.0%2024 | 107/119 | 18/20 | 30.6% | 14.6% | 38.6% | +0.5 ppsince 2014 | — | 21.3% | — | |
| Private creditDomestic credit to private sector, % of GDP | 24.9%2025 | 118/169 | 43/48 | · | · | 26.0% | — | 82.1% | 139.0% | 140.3% | |
| Broad moneyBroad money, % of GDP | 38.6%2025 | 110/146 | 24/28 | 16.3% | 24.8% | 40.2% | −0.6 ppsince 2015 | — | 167.9% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 5.02025 | 70/165 | 18/49 | 3.4 | 5.3 | 5.2 | +27%since 2015 | 6.3 | 9.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 6.47%2025 | 8/156 | 3/47 | 2.27% | 2.79% | 5.24% | +1.0 ppsince 2015 | 2.83% | 1.87% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Reserves, months of imports+27%5.0 in 2025
Worse than ten years ago
- Inflation+1.6 pp5.6% in 2025
- External debt+0.5 pp17.0% in 2024
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Azerbaijan and its neighbours
Countries sharing a land border with Azerbaijan. Latest values since 2005; the highest in each row is marked.
| Indicator | Azerbaijan | Russia | Iran | Türkiye | Georgia | Armenia |
|---|---|---|---|---|---|---|
| Inflation | 5.6%2025 | 8.7%2025 | 42.2%2025 | 34.9%2025 | 3.9%2025 | 3.3%2025 |
| GDP deflator | 0.6%2025 | 4.9%2025 | 28.8%2025 | 36.4%2025 | 4.6%2025 | 3.6%2025 |
| Lending rate | 15.3%2025 | 17.1%2024 | 18.0%2016 | — | 15.9%2025 | 13.8%2025 |
| Real interest rate | 14.7%2025 | 5.8%2024 | 3.4%2016 | — | 10.8%2025 | 9.9%2025 |
| Exchange rate | 1.702025 | 83.652025 | 42,000.002023 | 39.452025 | 2.742025 | 387.012025 |
| Tax revenue | 17.3%2024 | 10.9%2024 | 7.4%2009 | 17.6%2024 | 24.3%2024 | 22.4%2024 |
| Government revenue | 38.9%2024 | 27.8%2024 | 25.4%2009 | 31.5%2024 | 28.7%2024 | 24.1%2024 |
| Government expense | 23.0%2022 | 30.0%2023 | 19.6%2009 | 33.0%2023 | 25.2%2023 | 20.9%2023 |
| Government debt | 6.4%2010 | 17.9%2024 | — | 25.5%2024 | 40.1%2024 | 47.9%2024 |