Social contributions in Azerbaijan
Azerbaijan: Social contributions was 8.10 billion current LCU in 2024. ◆ Volatile
Social contributions in Azerbaijan, 1996–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for social contributions in Azerbaijan is 8.10 billion current LCU, measured in 2024. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 11.8% on the previous year and up 364.7% over ten years.
Over the whole period, social contributions in Azerbaijan peaked at 8.10 billion current LCU in 2024 and was at its lowest, 89.38 million current LCU, in 1996.
That places Azerbaijan 74th out of 112 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 122.63 million current LCU | 89.38 million current LCU | 146.60 million current LCU | 4 |
| 2000s | 961.60 million current LCU | 955.30 million current LCU | 967.90 million current LCU | 2 |
| 2010s | 1.82 billion current LCU | 1.11 billion current LCU | 2.99 billion current LCU | 10 |
| 2020s | 5.88 billion current LCU | 3.68 billion current LCU | 8.10 billion current LCU | 5 |
Countries ranked near Azerbaijan
More public sector data for Azerbaijan
- Arms imports 28.00 million SIPRI trend indicator values (2024)
- Tax revenue 17.3% (2024)
- Taxes on income, profits and capital gains 17.1% (2024)
- Taxes on goods and services 21.7% (2024)
- Net investment in nonfinancial assets 7.9% (2024)
- Net lending (+) / net borrowing (-) 3.9% (2024)
- Interest payments 0.9% (2024)
- Grants and other revenue 40.5% (2024)
- Interest payments 2.1% (2022)
- Other taxes 0.8% (2024)
Frequently asked questions
- What is social contributions in Azerbaijan?
- Social contributions in Azerbaijan was 8.10 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Azerbaijan?
- The highest recorded value was 8.10 billion current LCU in 2024.
- What is the lowest social contributions recorded in Azerbaijan?
- The lowest recorded value was 89.38 million current LCU in 1996.
- How does Azerbaijan rank for social contributions?
- Azerbaijan ranks 74th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Azerbaijan?
- Over the last ten years it is up 364.7%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Social contributions (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.