Country Profiles provide key indicators for Azerbaijan (2016) concerning people's financial knowledge (literacy), behavior and attitudes, as well as indicators related to financial inclusion and consumer protection issues. All these indicators are broken down into subgroups according to socio-demographics. From a policy perspective this information is pivotal to strengthen the existing consumer protection framework and to promote financial inclusion by building consumers’ trust in financial institutions and encouraging first-time consumers to access financial services.


  • Simple interest: 35 Compound interest: 46 Inflation: 67 Compare bargains: 79 Simple Division: 90

    No data available to display the graph for Education
    No data available to display the graph for Gender
    No data available to display the graph for Age

    No data available to display the graph for Location
    No data available to display the graph for Employment Status
    No data available to display the graph for Income

Economy Overview

Region
Eastern Europe & Central Asia
Income Group
Upper middle income
Population
9,168,000
GNI
5,290
Formal accounts penetration
14.9
Formal loans usage
17.66
Formal savings usage
1.61
Government payments through accounts
12.57
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Indicator Azerbaijan  
Budgeting: Making a plan for spending money and keeping to the plan.

35.1  
Not Overspending: Not spending money on non-essentials or non-affordable items.

25.3  
Choosing Fin. Products: Having chosen the fin. product on his / her own.

58.7  
Using Information: Getting information and advice before making fin. decisions.

75  
Achievement Orientation: Being achievement orientated.

42.7  
Planning for Old Age: Strategies around and worrying about old age expenses.

21.4  
  • - The data has not been weighted to match population totals
    - The financial capability scores have been computed by using a statistical method called factor analysis. The method is used to aggregate variables to obtain a single indicator (or score) for a certain aspect of financial capability. Each score ranges between 0 (lowest score) and 100 (highest score).