Bank or similar financial institution account, out of laborforce in Azerbaijan

Azerbaijan: Bank or similar financial institution account, out of laborforce was 40.9% in 2024. ◆ Volatile

Latest (2024)
40.9%
Change on year
up 7.1%
World rank
67th
of 98 countries
All-time high
40.9%
in 2024
All-time low
9.6%
in 2011
Years of data
5
2011–2024

Bank or similar financial institution account, out of laborforce in Azerbaijan, 2011–2024

102030402011201720242011: 9.6 % age 15+2014: 15.2 % age 15+2017: 20.6 % age 15+2022: 38.2 % age 15+2024: 40.9 % age 15+

Source: World Bank. Measured in % age 15+.

Analysis

Azerbaijan recorded 40.9% for bank or similar financial institution account, out of laborforce in 2024. That is the highest value across all 5 years on record.

The figure is up 7.1% on the previous year and up 168.5% over ten years.

Over the whole period, bank or similar financial institution account, out of laborforce in Azerbaijan peaked at 40.9% in 2024 and was at its lowest, 9.6%, in 2011.

That places Azerbaijan 67th out of 98 countries with data for 2024, putting it in the middle of the range.

Bank or similar financial institution account, out of laborforce in Azerbaijan, year by year

Annual values for Bank or similar financial institution account, out of laborforce (% age 15+) in Azerbaijan, 2011 to 2024.
Year % age 15+ Change
2011 9.6%
2014 15.2% +59.3%
2017 20.6% +35.0%
2022 38.2% +85.8%
2024 40.9% +7.1%

Averages by decade

DecadeAverage LowestHighest Years
2010s 15.1% 9.6% 20.6% 3
2020s 39.5% 38.2% 40.9% 2

Countries ranked near Azerbaijan

  1. 64 Dominican Republic 44.6% compare
  2. 65 Indonesia 43.6% compare
  3. 66 Mexico 42.5% compare
  4. 68 Bolivia, Plurinational State of 40.8% compare
  5. 69 Viet Nam 40.7% compare
  6. 70 Nigeria 40.6% compare

See the full ranking of 110 places →

More reference data data for Azerbaijan

All data for Azerbaijan →

Frequently asked questions

What is bank or similar financial institution account, out of laborforce in Azerbaijan?
Bank or similar financial institution account, out of laborforce in Azerbaijan was 40.9% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, out of laborforce recorded in Azerbaijan?
The highest recorded value was 40.9% in 2024.
What is the lowest bank or similar financial institution account, out of laborforce recorded in Azerbaijan?
The lowest recorded value was 9.6% in 2011.
How does Azerbaijan rank for bank or similar financial institution account, out of laborforce?
Azerbaijan ranks 67th out of 98 countries with data for 2024.
Is bank or similar financial institution account, out of laborforce rising or falling in Azerbaijan?
Over the last ten years it is up 168.5%. The long-run trend across the full record is volatile.
Where does this Azerbaijan data come from?
The figures come from the World Bank, published as part of Bank or similar financial institution account, out of laborforce (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, out of laborforce in Azerbaijan. Statizoid. Retrieved 10 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-out-of-laborforce-percent-age-15/azerbaijan/

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About this data

Indicator
Bank or similar financial institution account, out of laborforce (% age 15+)
Unit
% age 15+
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
110 places, 550 data points, 2011–2024
Last refreshed