Azerbaijan External Debt
Total external debt stocks, current US dollars (low and middle income economies).
External Debt in Azerbaijan decreased to 12.20 USD billion in 2024 from 14.99 USD billion in 2023.
Azerbaijan External Debt — History
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Azerbaijan External Debt — analysis in simple words
Latest reading
External Debt in Azerbaijan decreased to 12.20 USD billion in 2024 from 14.99 USD billion in 2023.
It has fallen in each of the last three years.
Recent trend
A year earlier (2023) it was $15.0B, so the latest figure is $2.8B lower.
Over the past five years the average was $14.9B, with a range from $12.2B to $16.4B. The latest value is below that five-year average.
Historical context
This data series starts in 1993 and has 32 annual observations. The latest reading is higher than 69% of all of them.
The highest value on record is $16.5B (2018) and the lowest is $0.0B (1993). The long-run average is $7.2B.
Compared with other countries
Among 121 economies with recent data, Azerbaijan ranks 65th from the top. The median across all these economies is $13.1B, so Azerbaijan is below the typical country.
Within Europe & Central Asia (20 economies with data) it ranks 13th; the regional median is $15.1B.
Statistics
- Latest
- $12.2B2024
- Previous
- $15.0B
- 5-year average
- $14.9B
- Long-run average
- $7.2Bsince 1993
- All-time high
- $16.5B2018
- All-time low
- $0.0B1993
- Observations
- 32Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2024 | $12.2B | ▼ −2.8 |
| 2023 | $15.0B | ▼ −0.5 |
| 2022 | $15.5B | ▼ −0.1 |
| 2021 | $15.6B | ▼ −0.8 |
| 2020 | $16.4B | ▼ −0.1 |
| 2019 | $16.4B | ▼ −0.0 |
| 2018 | $16.5B | ▲ +1.2 |
| 2017 | $15.3B | ▲ +0.8 |
| 2016 | $14.5B | ▲ +1.3 |
| 2015 | $13.2B | ▲ +1.1 |
| 2014 | $12.1B | ▲ +1.5 |
| 2013 | $10.6B | ▼ −0.3 |
| 2012 | $10.9B | ▲ +3.1 |
| 2011 | $7.7B | ▲ +0.4 |
| 2010 | $7.3B | ▲ +2.7 |
| 2009 | $4.6B | ▲ +0.1 |
| 2008 | $4.5B | ▲ +0.6 |
| 2007 | $3.9B | ▲ +1.1 |
| 2006 | $2.8B | ▲ +0.6 |
| 2005 | $2.3B | ▲ +0.1 |
| 2004 | $2.2B | ▲ +0.2 |
| 2003 | $2.0B | ▲ +0.3 |
| 2002 | $1.7B | ▲ +0.2 |
| 2001 | $1.5B | ▼ −0.1 |
| 2000 | $1.6B | ▲ +0.3 |
| 1999 | $1.3B | ▲ +0.6 |
| 1998 | $0.7B | ▲ +0.2 |
| 1997 | $0.5B | ▲ +0.1 |
| 1996 | $0.4B | ▲ +0.1 |
| 1995 | $0.3B |
External Debt — Azerbaijan vs Peers
Latest available reading for each economy (periods may differ). Azerbaijan highlighted.
More Azerbaijan indicators
Understanding External Debt — a simple guide
What it measures
Total external debt stocks — owed to non-residents — in current US dollars (World Bank; low and middle income economies).
How it is calculated
Total debt owed to foreign lenders by the government and private sector, in US dollars.
External debt of $650 billion includes government and company borrowing abroad.
High external debt increases sensitivity to a weaker currency.
Low external debt reduces exposure to foreign lenders.
Why it matters for the economy and markets
High external debt, especially short-term and foreign-currency debt, raises vulnerability to currency depreciation.
How to read it
Compare with exports and reserves to judge repayment capacity.
Data source
World Bank — World Development Indicators (series DT.DOD.DECT.CD), annual data from 1993 to 2024. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current external debt of Azerbaijan?
What is the highest and lowest external debt of Azerbaijan?
What does external debt measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.