External debt stocks in Azerbaijan
Azerbaijan: External debt stocks was 17.0% in 2024. ▲ Rising
External debt stocks in Azerbaijan, 1993–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for external debt stocks in Azerbaijan is 17.0%, measured in 2024.
That represents a change of down 21.2% on the previous year and up 2.8% over ten years.
Over the whole period, external debt stocks in Azerbaijan peaked at 40.7% in 2016 and was at its lowest, 2.3%, in 1993.
Azerbaijan ranks 110th of 122 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 32 years of available data.
External debt stocks in Azerbaijan, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1993 | 2.3% | — |
| 1994 | 9.4% | +318.8% |
| 1995 | 13.3% | +40.8% |
| 1996 | 13.8% | +4.1% |
| 1997 | 12.9% | -7.1% |
| 1998 | 15.8% | +23.2% |
| 1999 | 27.0% | +70.7% |
| 2000 | 30.6% | +13.2% |
| 2001 | 27.3% | -10.8% |
| 2002 | 28.2% | +3.1% |
| 2003 | 27.9% | -1.0% |
| 2004 | 26.8% | -3.7% |
| 2005 | 19.3% | -27.9% |
| 2006 | 15.3% | -21.1% |
| 2007 | 13.9% | -8.9% |
| 2008 | 10.3% | -25.8% |
| 2009 | 11.2% | +8.2% |
| 2010 | 14.6% | +31.2% |
| 2011 | 12.6% | -14.2% |
| 2012 | 16.5% | +31.4% |
| 2013 | 15.0% | -9.0% |
| 2014 | 16.6% | +10.3% |
| 2015 | 25.7% | +54.7% |
| 2016 | 40.7% | +58.5% |
| 2017 | 38.9% | -4.3% |
| 2018 | 36.7% | -5.7% |
| 2019 | 35.5% | -3.3% |
| 2020 | 38.6% | +8.8% |
| 2021 | 29.0% | -24.9% |
| 2022 | 21.0% | -27.5% |
| 2023 | 21.6% | +2.8% |
| 2024 | 17.0% | -21.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.5% | 2.3% | 27.0% | 7 |
| 2000s | 21.1% | 10.3% | 30.6% | 10 |
| 2010s | 25.3% | 12.6% | 40.7% | 10 |
| 2020s | 25.5% | 17.0% | 38.6% | 5 |
Countries ranked near Azerbaijan
- 107 Afghanistan 19.9% compare
- 108 India 18.6% compare
- 109 Congo, Democratic Republic of the 18.3% compare
- 111 Russian Federation 16.8% compare
- 112 Chad 16.4% compare
- 113 Timor-Leste 15.4% 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0598 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 443.14 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.1017 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 753.34 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0654 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 484.92 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 218.81 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual -5.04 % change on previous year (2025)
Frequently asked questions
- What is external debt stocks in Azerbaijan?
- External debt stocks in Azerbaijan was 17.0% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks recorded in Azerbaijan?
- The highest recorded value was 40.7% in 2016.
- What is the lowest external debt stocks recorded in Azerbaijan?
- The lowest recorded value was 2.3% in 1993.
- How does Azerbaijan rank for external debt stocks?
- Azerbaijan ranks 110th out of 122 countries with data for 2024.
- Is external debt stocks rising or falling in Azerbaijan?
- Over the last ten years it is up 2.8%. The long-run trend across the full record is rising.
- Where does this Azerbaijan data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of External debt stocks (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.