Total debt service in Azerbaijan
Azerbaijan: Total debt service was 5.8% in 2024. ◆ Volatile
Total debt service in Azerbaijan, 1994–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
Azerbaijan recorded 5.8% for total debt service in 2024.
The figure is up 83.8% on the previous year and up 126.9% over ten years.
Over the whole period, total debt service in Azerbaijan peaked at 6.0% in 2018 and was at its lowest, 0.0%, in 1994.
Azerbaijan ranks 38th of 122 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 GNI | Change |
|---|---|---|
| 1994 | 0.0% | — |
| 1995 | 0.4% | +1332.5% |
| 1996 | 0.3% | -26.0% |
| 1997 | 2.0% | +533.8% |
| 1998 | 0.5% | -72.9% |
| 1999 | 1.4% | +168.9% |
| 2000 | 2.7% | +85.5% |
| 2001 | 2.5% | -5.2% |
| 2002 | 2.7% | +7.1% |
| 2003 | 3.2% | +16.8% |
| 2004 | 2.9% | -8.0% |
| 2005 | 2.1% | -29.0% |
| 2006 | 1.5% | -26.1% |
| 2007 | 1.0% | -37.3% |
| 2008 | 0.8% | -21.0% |
| 2009 | 0.9% | +17.6% |
| 2010 | 0.8% | -6.1% |
| 2011 | 1.8% | +117.9% |
| 2012 | 2.0% | +8.1% |
| 2013 | 2.8% | +39.8% |
| 2014 | 2.6% | -6.9% |
| 2015 | 3.7% | +44.9% |
| 2016 | 4.9% | +31.7% |
| 2017 | 5.6% | +15.1% |
| 2018 | 6.0% | +5.9% |
| 2019 | 4.4% | -25.9% |
| 2020 | 4.3% | -2.0% |
| 2021 | 4.0% | -8.6% |
| 2022 | 2.2% | -44.8% |
| 2023 | 3.2% | +45.0% |
| 2024 | 5.8% | +83.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8% | 0.0% | 2.0% | 6 |
| 2000s | 2.0% | 0.8% | 3.2% | 10 |
| 2010s | 3.5% | 0.8% | 6.0% | 10 |
| 2020s | 3.9% | 2.2% | 5.8% | 5 |
Countries ranked near Azerbaijan
- 35 Tonga 6.3% compare
- 36 Argentina 6.3% compare
- 37 Republic of Moldova 6.2% compare
- 39 South Africa 5.7% compare
- 40 Cape Verde 5.7% compare
- 41 Indonesia 5.6% 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 total debt service in Azerbaijan?
- Total debt service in Azerbaijan was 5.8% 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 6.0% in 2018.
- What is the lowest total debt service recorded in Azerbaijan?
- The lowest recorded value was 0.0% in 1994.
- How does Azerbaijan rank for total debt service?
- Azerbaijan ranks 38th out of 122 countries with data for 2024.
- Is total debt service rising or falling in Azerbaijan?
- Over the last ten years it is up 126.9%. 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 GNI). Statizoid updates them automatically from the source API.
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About this data
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.