Debt service (PPG and IMF only, % of exports of goods, services and) in Azerbaijan
Azerbaijan: Debt service (PPG and IMF only, % of exports of goods, services and) was 9.1% in 2024. ◆ Volatile
Debt service (PPG and IMF only, % of exports of goods, services and) in Azerbaijan, 1995–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
Azerbaijan recorded 9.1% for debt service (ppg and imf only, % of exports of goods, services and) in 2024. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 120.5% on the previous year and up 345.6% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Azerbaijan peaked at 9.1% in 2024 and was at its lowest, 0.8%, in 2008.
That places Azerbaijan 47th out of 118 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service (PPG and IMF only, % of exports of goods, services and) in Azerbaijan, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 1.2% | — |
| 1996 | 1.1% | -7.4% |
| 1997 | 6.6% | +475.9% |
| 1998 | 2.0% | -69.2% |
| 1999 | 4.7% | +129.8% |
| 2000 | 5.5% | +18.8% |
| 2001 | 5.0% | -9.7% |
| 2002 | 4.6% | -9.0% |
| 2003 | 5.4% | +17.7% |
| 2004 | 3.3% | -39.0% |
| 2005 | 1.6% | -51.7% |
| 2006 | 1.0% | -34.7% |
| 2007 | 0.8% | -21.9% |
| 2008 | 0.8% | -3.4% |
| 2009 | 1.2% | +58.9% |
| 2010 | 1.1% | -11.8% |
| 2011 | 0.9% | -14.1% |
| 2012 | 1.0% | +10.3% |
| 2013 | 2.3% | +123.0% |
| 2014 | 2.0% | -11.6% |
| 2015 | 3.7% | +83.0% |
| 2016 | 5.4% | +44.3% |
| 2017 | 7.5% | +40.2% |
| 2018 | 7.7% | +2.7% |
| 2019 | 6.1% | -21.3% |
| 2020 | 8.0% | +31.0% |
| 2021 | 6.6% | -16.9% |
| 2022 | 2.9% | -55.9% |
| 2023 | 4.1% | +40.9% |
| 2024 | 9.1% | +120.5% |
Azerbaijan compared with similar countries
- Azerbaijan's 9.1% is above the median for upper middle income countries, which is 7.8%, 1.2× the median. (50 countries reporting)
- Azerbaijan's 9.1% is above the median for Europe & Central Asia, which is 6.2%, 1.5× the median. (19 countries reporting)
Biggest year-on-year movements
Years where Debt service (PPG and IMF only, % of exports of goods, services and) 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 | +475.9% | 1.1% | 6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.1% | 1.1% | 6.6% | 5 |
| 2000s | 2.9% | 0.8% | 5.5% | 10 |
| 2010s | 3.8% | 0.9% | 7.7% | 10 |
| 2020s | 6.1% | 2.9% | 9.1% | 5 |
Countries ranked near Azerbaijan
More external debt data for Azerbaijan
- IFC, private nonguaranteed 14.28 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 1.4 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0002 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 241.98 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 4.6% (2024)
- Net financial flows, IDA -22.04 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita -2.16 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0.0003 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD -141.26 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 9.0% (2024)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Azerbaijan?
- Debt service (ppg and imf only, % of exports of goods, services and) in Azerbaijan was 9.1% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Azerbaijan?
- The highest recorded value was 9.1% in 2024.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Azerbaijan?
- The lowest recorded value was 0.8% in 2008.
- How does Azerbaijan rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Azerbaijan ranks 47th out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Azerbaijan?
- Over the last ten years it is up 345.6%. 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 Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.