Total debt service in Azerbaijan
Azerbaijan: Total debt service was 11.4% in 2024. ◆ Volatile
Total debt service in Azerbaijan, 1995–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
In 2024, total debt service in Azerbaijan stood at 11.4%. That is the highest value across all 30 years on record.
The figure is up 94.2% on the previous year and up 108.0% over ten years.
Over the whole period, total debt service in Azerbaijan peaked at 11.4% in 2024 and was at its lowest, 1.0%, in 2008.
Azerbaijan ranks 65th of 120 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total debt service in Azerbaijan, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1995 | 1.3% | — |
| 1996 | 1.2% | -4.5% |
| 1997 | 6.6% | +445.0% |
| 1998 | 2.3% | -65.7% |
| 1999 | 5.3% | +132.8% |
| 2000 | 6.4% | +19.8% |
| 2001 | 5.8% | -8.2% |
| 2002 | 6.1% | +4.2% |
| 2003 | 7.2% | +18.3% |
| 2004 | 5.7% | -21.0% |
| 2005 | 2.9% | -48.8% |
| 2006 | 2.0% | -30.7% |
| 2007 | 1.2% | -40.9% |
| 2008 | 1.0% | -14.3% |
| 2009 | 1.6% | +53.4% |
| 2010 | 1.4% | -8.2% |
| 2011 | 2.9% | +104.5% |
| 2012 | 3.4% | +16.4% |
| 2013 | 5.3% | +53.5% |
| 2014 | 5.5% | +4.2% |
| 2015 | 9.0% | +63.8% |
| 2016 | 9.4% | +4.9% |
| 2017 | 10.5% | +11.4% |
| 2018 | 9.9% | -5.9% |
| 2019 | 8.1% | -17.7% |
| 2020 | 10.8% | +32.7% |
| 2021 | 7.8% | -27.7% |
| 2022 | 3.3% | -57.7% |
| 2023 | 5.9% | +78.3% |
| 2024 | 11.4% | +94.2% |
Azerbaijan compared with similar countries
- Azerbaijan's 11.4% is below the median for upper middle income countries, which is 14.4%, 79% of the median. (51 countries reporting)
- Azerbaijan's 11.4% is below the median for Europe & Central Asia, which is 14.0%, 82% of the median. (19 countries reporting)
Biggest year-on-year movements
Years where Total debt service in Azerbaijan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +445.0% | 1.2% | 6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.3% | 1.2% | 6.6% | 5 |
| 2000s | 4.0% | 1.0% | 7.2% | 10 |
| 2010s | 6.5% | 1.4% | 10.5% | 10 |
| 2020s | 7.8% | 3.3% | 11.4% | 5 |
Countries ranked near Azerbaijan
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 total debt service in Azerbaijan?
- Total debt service in Azerbaijan was 11.4% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Azerbaijan?
- The highest recorded value was 11.4% in 2024.
- What is the lowest total debt service recorded in Azerbaijan?
- The lowest recorded value was 1.0% in 2008.
- How does Azerbaijan rank for total debt service?
- Azerbaijan ranks 65th out of 120 countries with data for 2024.
- Is total debt service rising or falling in Azerbaijan?
- Over the last ten years it is up 108.0%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.