External debt — all countries

External debt — Azerbaijan

External debt in Azerbaijan in 2024 — 12,199,421,517 US$. Ranked 56 in the world out of 118. Since 1993, the indicator has risen by 34,225.9%.

2024 12.2B US$ −18.62% vs 2023
World rank 56of 118
Period maximum 16.46B US$2018
Period minimum 35.54M US$1993

Trend over time

1993–2024 · US$

External debt — Azerbaijan, 1993–202405B10B15B20B1993199720012005200920132017202120241993: 35,540,000 US$1994: 112,814,844 US$1995: 320,987,668 US$1996: 438,309,868 US$1997: 508,060,653 US$1998: 706,603,152 US$1999: 1,289,063,609 US$2000: 1,585,215,993 US$2001: 1,519,801,454 US$2002: 1,701,647,122 US$2003: 1,959,261,794 US$2004: 2,192,577,447 US$2005: 2,270,055,653 US$2006: 2,820,389,404 US$2007: 3,924,409,214 US$2008: 4,522,619,511 US$2009: 4,579,733,732 US$2010: 7,285,505,104 US$2011: 7,722,133,655 US$2012: 10,856,678,607 US$2013: 10,596,759,022 US$2014: 12,117,384,321 US$2015: 13,179,085,412 US$2016: 14,469,746,199 US$2017: 15,297,961,777 US$2018: 16,463,882,678 US$2019: 16,437,653,830 US$2020: 16,384,510,859 US$2021: 15,577,206,234 US$2022: 15,457,490,377 US$2023: 14,989,804,726 US$2024: 12,199,421,517 US$
Change over the period: +12.16B (+34,225.89%) Average annual rate: 20.72 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Azerbaijan

Azerbaijan 12.2B US$
Upper-middle-income countries computed 6.08T US$
External debt — Azerbaijan, by year Azerbaijan All countries CSV XLSX
Year US$ Change Change, %
2024 12.2B −2.79B −18.62%
2023 14.99B −468M −3.03%
2022 15.46B −120M −0.77%
2021 15.58B −807M −4.93%
2020 16.38B −53.14M −0.32%
2019 16.44B −26.23M −0.16%
2018 16.46B +1.17B +7.62%
2017 15.3B +828M +5.72%
2016 14.47B +1.29B +9.79%
2015 13.18B +1.06B +8.76%
2014 12.12B +1.52B +14.35%
2013 10.6B −260M −2.39%
2012 10.86B +3.13B +40.59%
2011 7.72B +437M +5.99%
2010 7.29B +2.71B +59.08%
2009 4.58B +57.11M +1.26%
2008 4.52B +598M +15.24%
2007 3.92B +1.1B +39.14%
2006 2.82B +550M +24.24%
2005 2.27B +77.48M +3.53%
2004 2.19B +233M +11.91%
2003 1.96B +258M +15.14%
2002 1.7B +182M +11.97%
2001 1.52B −65.41M −4.13%
2000 1.59B +296M +22.97%
1999 1.29B +582M +82.43%
1998 707M +199M +39.08%
1997 508M +69.75M +15.91%
1996 438M +117M +36.55%
1995 321M +208M +184.53%
1994 113M +77.27M +217.43%
1993 35.54M

Western Asia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Total external debt: the liabilities of a country's residents to non-residents in foreign and in national currency, covering public, publicly guaranteed and private debt. It differs from government debt fundamentally — it includes the borrowing of banks and corporations that the government does not guarantee but that turns out to be its problem in a crisis all the same.

Important: Only middle- and low-income countries report to the World Bank Debtor Reporting System, so the table holds about 130 of them. Aggregates for country groups are not computed: the sum over those present is the debt of developing countries, not of the world.

Source: World Development Indicators (World Bank), license CC BY 4.0.