Debt service as a proportion of exports of goods, services and in Azerbaijan
Azerbaijan: Debt service as a proportion of exports of goods, services and was 4.1% in 2023. ◆ Volatile
Latest (2023)
4.1%
Change on year
up 40.9%
World rank
97th
of 125 countries
All-time high
8.0%
in 2020
All-time low
0.8%
in 2008
Years of data
24
2000–2023
Debt service as a proportion of exports of goods, services and in Azerbaijan, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Azerbaijan recorded 4.1% for debt service as a proportion of exports of goods, services and in 2023.
That represents a change of up 40.9% on the previous year and up 78.7% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in Azerbaijan peaked at 8.0% in 2020 and was at its lowest, 0.8%, in 2008.
Azerbaijan ranks 97th of 125 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a proportion of exports of goods, services and in Azerbaijan, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 5.5% | — |
| 2001 | 5.0% | -9.7% |
| 2002 | 4.6% | -9.0% |
| 2003 | 5.4% | +17.7% |
| 2004 | 3.3% | -39.0% |
| 2005 | 1.6% | -51.7% |
| 2006 | 1.0% | -34.7% |
| 2007 | 0.8% | -21.9% |
| 2008 | 0.8% | -3.4% |
| 2009 | 1.2% | +58.9% |
| 2010 | 1.1% | -11.8% |
| 2011 | 0.9% | -14.1% |
| 2012 | 1.0% | +10.3% |
| 2013 | 2.3% | +123.0% |
| 2014 | 2.0% | -11.6% |
| 2015 | 3.7% | +83.0% |
| 2016 | 5.4% | +44.3% |
| 2017 | 7.5% | +40.2% |
| 2018 | 7.7% | +2.7% |
| 2019 | 6.1% | -21.3% |
| 2020 | 8.0% | +31.0% |
| 2021 | 6.6% | -16.9% |
| 2022 | 2.9% | -55.9% |
| 2023 | 4.1% | +40.9% |
Azerbaijan compared with similar countries
- Azerbaijan's 4.1% is below the median for upper middle income countries, which is 7.6%, 54% of the median. (49 countries reporting)
- Azerbaijan's 4.1% is below the median for Europe & Central Asia, which is 6.6%, 62% of the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.9% | 0.8% | 5.5% | 10 |
| 2010s | 3.8% | 0.9% | 7.7% | 10 |
| 2020s | 5.4% | 2.9% | 8.0% | 4 |
Countries ranked near Azerbaijan
- 94 Saint Lucia 4.3% compare
- 95 Eswatini 4.3% compare
- 96 Burkina Faso 4.1% compare
- 98 Mexico 4.1% compare
- 99 Iraq 3.9% compare
- 100 Papua New Guinea 3.8% compare
More economy & growth data for Azerbaijan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.06 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.42 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 910.20 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.012 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 88.83 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 374.19 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 61.79 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0049 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 36.52 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 6.75 % change on previous year (2025)
Frequently asked questions
- What is debt service as a proportion of exports of goods, services and in Azerbaijan?
- Debt service as a proportion of exports of goods, services and in Azerbaijan was 4.1% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in Azerbaijan?
- The highest recorded value was 8.0% in 2020.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in Azerbaijan?
- The lowest recorded value was 0.8% in 2008.
- How does Azerbaijan rank for debt service as a proportion of exports of goods, services and?
- Azerbaijan ranks 97th out of 125 countries with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in Azerbaijan?
- Over the last ten years it is up 78.7%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
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