Bank or similar financial institution account in Azerbaijan

Azerbaijan: Bank or similar financial institution account was 56.3% in 2024. ▲ Rising

Latest (2024)
56.3%
Change on year
up 21.7%
World rank
70th
of 115 countries
All-time high
56.3%
in 2024
All-time low
14.9%
in 2011
Years of data
5
2011–2024

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

1020304050602011201720242011: 14.9 % age 15+2014: 29.2 % age 15+2017: 28.6 % age 15+2022: 46.3 % age 15+2024: 56.3 % age 15+

Source: Global Findex Database. Measured in % age 15+.

Analysis

The most recent figure for bank or similar financial institution account in Azerbaijan is 56.3%, measured in 2024. That is the highest value across all 5 years on record.

The figure is up 21.7% on the previous year and up 93.1% over ten years.

Over the whole period, bank or similar financial institution account in Azerbaijan peaked at 56.3% in 2024 and was at its lowest, 14.9%, in 2011.

That places Azerbaijan 70th out of 115 countries with data for 2024, putting it in the middle of the range.

Bank or similar financial institution account in Azerbaijan, year by year

Annual values for Bank or similar financial institution account (% age 15+) in Azerbaijan, 2011 to 2024.
Year % age 15+ Change
2011 14.9%
2014 29.2% +95.6%
2017 28.6% -2.0%
2022 46.3% +61.9%
2024 56.3% +21.7%

Averages by decade

DecadeAverage LowestHighest Years
2010s 24.2% 14.9% 29.2% 3
2020s 51.3% 46.3% 56.3% 2

Countries ranked near Azerbaijan

  1. 67 Nigeria 59.7% compare
  2. 68 Uzbekistan 59.7% compare
  3. 69 Nepal 57.5% compare
  4. 71 Republic of Moldova 55.5% compare
  5. 72 Bolivia, Plurinational State of 53.5% compare
  6. 73 Tajikistan 52.5% compare

See the full ranking of 127 places →

More reference data data for Azerbaijan

All data for Azerbaijan →

Frequently asked questions

What is bank or similar financial institution account in Azerbaijan?
Bank or similar financial institution account in Azerbaijan was 56.3% in 2024, according to Global Findex Database.
What is the highest bank or similar financial institution account recorded in Azerbaijan?
The highest recorded value was 56.3% in 2024.
What is the lowest bank or similar financial institution account recorded in Azerbaijan?
The lowest recorded value was 14.9% in 2011.
How does Azerbaijan rank for bank or similar financial institution account?
Azerbaijan ranks 70th out of 115 countries with data for 2024.
Is bank or similar financial institution account rising or falling in Azerbaijan?
Over the last ten years it is up 93.1%. The long-run trend across the full record is rising.
Where does this Azerbaijan data come from?
The figures come from Global Findex Database, published as part of Bank or similar financial institution account (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account in Azerbaijan. Statizoid, drawing on Global Findex Database. Retrieved 30 August 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-percent-age-15/azerbaijan/

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About this data

Indicator
Bank or similar financial institution account (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
127 places, 635 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another similar financial institution, (% age 15+)