Short-term debt in Azerbaijan
Azerbaijan: Short-term debt was 1.8% in 2024. ◆ Volatile
Short-term debt in Azerbaijan, 1993–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
In 2024, short-term debt in Azerbaijan stood at 1.8%.
That represents a change of down 56.2% on the previous year and down 89.3% over ten years.
Over the whole period, short-term debt in Azerbaijan peaked at 28.8% in 2007 and was at its lowest, 0.0%, in 2021.
That places Azerbaijan 99th out of 121 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Azerbaijan, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1993 | 0.1% | — |
| 1994 | 8.5% | +7475.8% |
| 1995 | 4.4% | -48.7% |
| 1996 | 3.5% | -19.2% |
| 1997 | 0.8% | -77.7% |
| 1998 | 0.2% | -73.4% |
| 1999 | 2.2% | +974.3% |
| 2000 | 9.9% | +338.0% |
| 2001 | 6.8% | -31.3% |
| 2002 | 4.8% | -28.5% |
| 2003 | 5.3% | +8.6% |
| 2004 | 6.3% | +19.7% |
| 2005 | 8.2% | +30.2% |
| 2006 | 18.4% | +125.0% |
| 2007 | 28.8% | +56.5% |
| 2008 | 25.1% | -12.9% |
| 2009 | 13.0% | -48.3% |
| 2010 | 13.7% | +5.5% |
| 2011 | 1.2% | -91.4% |
| 2012 | 15.0% | +1174.9% |
| 2013 | 15.1% | +0.8% |
| 2014 | 16.7% | +10.1% |
| 2015 | 11.7% | -29.6% |
| 2016 | 9.6% | -17.8% |
| 2017 | 4.4% | -54.3% |
| 2018 | 3.5% | -21.5% |
| 2019 | 3.8% | +8.4% |
| 2020 | 2.8% | -26.5% |
| 2021 | 0.0% | -100.0% |
| 2022 | 3.3% | — |
| 2023 | 4.1% | +24.8% |
| 2024 | 1.8% | -56.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.8% | 0.1% | 8.5% | 7 |
| 2000s | 12.7% | 4.8% | 28.8% | 10 |
| 2010s | 9.5% | 1.2% | 16.7% | 10 |
| 2020s | 2.4% | 0.0% | 4.1% | 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 short-term debt in Azerbaijan?
- Short-term debt in Azerbaijan was 1.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Azerbaijan?
- The highest recorded value was 28.8% in 2007.
- What is the lowest short-term debt recorded in Azerbaijan?
- The lowest recorded value was 0.0% in 2021.
- How does Azerbaijan rank for short-term debt?
- Azerbaijan ranks 99th out of 121 countries with data for 2024.
- Is short-term debt rising or falling in Azerbaijan?
- Over the last ten years it is down 89.3%. 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 Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.