Azerbaijan: External debt
* indicates monthly or quarterly data series
| Azerbaijan |
External debt, percent of GDP |
|---|---|
| Latest value | 20.07 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1993 - 2023 |
| Average | 20.62 |
| Min - Max | 2.72 - 38.62 |
| Source | The World Bank |
The latest value from 2023 is 20.07 percent, an increase from 19.39 percent in 2022. In comparison, the world average is 114.96 percent, based on data from 167 countries. Historically, the average for Azerbaijan from 1993 to 2023 is 20.62 percent. The minimum value, 2.72 percent, was reached in 1993 while the maximum of 38.62 percent was recorded in 2016.
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Definition: The total debt of public and private borrowers held by non-residents as percent of GDP. Source: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 116.20 | 2023 | percent |
| Trade openness | 82.69 | 2024 | percent |
| Financial openness | 0.014 | 2022 | index points |
| Exports, percent of GDP | 45.90 | 2024 | percent |
| Exports, billion dollars | 34.11 | 2024 | billion U.S. dollars |
| Growth of exports | -1.10 | 2014 | percent |
| Imports, percent of GDP | 36.79 | 2024 | percent |
| Imports, billion dollars | 27.34 | 2024 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.31 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 0.23 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | -12.71 | 2024 | million dollars (current) |
| Current account, percent of GDP | 6.29 | 2024 | percent |
| Current account, in dollars | 4.67 | 2024 | billion U.S. dollars |
| Trade balance, percent of GDP | 9.12 | 2024 | percent |
| Reserves | 12.70 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 3.87 | 2023 | percent |
| Remittances | 1,351.68 | 2024 | million U.S. dollars |
| Net errors and omissions | -106.69 | 2024 | million USD |
| External debt | 20.07 | 2023 | percent |
| Short-term external debt | 4.21 | 2023 | percent |
| Short-term debt to reserves | 4.45 | 2023 | percent |