External debt as a share of gni in Azerbaijan
Azerbaijan: External debt as a share of gni was 20.98 in 2023. ▲ Rising
Latest (2023)
20.98
Change on year
up 1.0%
World rank
104th
of 118 countries
All-time high
41.05
in 2016
All-time low
10.32
in 2008
Years of data
24
2000–2023
External debt as a share of gni in Azerbaijan, 2000–2023
Source: Our World in Data.
Analysis
In 2023, external debt as a share of gni in Azerbaijan stood at 20.98.
The figure is up 1.0% on the previous year and up 39.5% over ten years.
Over the whole period, external debt as a share of gni in Azerbaijan peaked at 41.05 in 2016 and was at its lowest, 10.32, in 2008.
That places Azerbaijan 104th out of 118 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
External debt as a share of gni in Azerbaijan, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 30.61 | — |
| 2001 | 27.32 | -10.7% |
| 2002 | 28.16 | +3.1% |
| 2003 | 27.89 | -1.0% |
| 2004 | 26.85 | -3.7% |
| 2005 | 19.34 | -28.0% |
| 2006 | 15.27 | -21.0% |
| 2007 | 13.91 | -8.9% |
| 2008 | 10.32 | -25.8% |
| 2009 | 11.16 | +8.1% |
| 2010 | 14.65 | +31.3% |
| 2011 | 12.57 | -14.2% |
| 2012 | 16.52 | +31.4% |
| 2013 | 15.04 | -9.0% |
| 2014 | 16.58 | +10.2% |
| 2015 | 25.96 | +56.6% |
| 2016 | 41.05 | +58.1% |
| 2017 | 39.26 | -4.4% |
| 2018 | 36.97 | -5.8% |
| 2019 | 35.71 | -3.4% |
| 2020 | 38.84 | +8.8% |
| 2021 | 29.15 | -24.9% |
| 2022 | 20.78 | -28.7% |
| 2023 | 20.98 | +1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.08 | 10.32 | 30.61 | 10 |
| 2010s | 25.43 | 12.57 | 41.05 | 10 |
| 2020s | 27.44 | 20.78 | 38.84 | 4 |
Countries ranked near Azerbaijan
- 101 Nepal 24.09 compare
- 102 Bangladesh 22.3 compare
- 103 Syrian Arab Republic 21.31 compare
- 105 Sudan 20.85 compare
- 106 Ethiopia 20.39 compare
- 107 Afghanistan 19.8 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)
- GDP (constant 2015 US$), annual growth rate 1.45 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8009 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 5,936 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 1.45 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.4469 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 3,312 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -14.06 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.251 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is external debt as a share of gni in Azerbaijan?
- External debt as a share of gni in Azerbaijan was 20.98 in 2023, according to Our World in Data.
- What is the highest external debt as a share of gni recorded in Azerbaijan?
- The highest recorded value was 41.05 in 2016.
- What is the lowest external debt as a share of gni recorded in Azerbaijan?
- The lowest recorded value was 10.32 in 2008.
- How does Azerbaijan rank for external debt as a share of gni?
- Azerbaijan ranks 104th out of 118 countries with data for 2023.
- Is external debt as a share of gni rising or falling in Azerbaijan?
- Over the last ten years it is up 39.5%. The long-run trend across the full record is rising.
- Where does this Azerbaijan data come from?
- The figures come from Our World in Data, published as part of External debt as a share of gni. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).