Azerbaijan Government Debt: % of GDP
Key information about Azerbaijan Government Debt: % of GDP
- Azerbaijan Government debt accounted for 16.8 % of the country's Nominal GDP in Dec 2021, compared with the ratio of 22.2 % in the previous year.
- Azerbaijan government debt to GDP ratio data is updated yearly, available from Dec 2008 to Dec 2021.
- The data reached an all-time high of 22.2 % in Dec 2020 and a record low of 4.6 % in Dec 2008.
World Bank provides annual Government Debt as % of Nominal GDP. Government Debt covers Central Government only.
Related information about Azerbaijan Government Debt: % of GDP
- In the latest reports, Azerbaijan National Government Debt reached 9.2 USD bn in Dec 2021.
- The country's Nominal GDP reached 21.0 USD bn in Dec 2022.
View Azerbaijan's Government Debt: % of GDP from 2008 to 2021 in the chart:
What was Azerbaijan's Government Debt: % of GDP in 2021?
Azerbaijan Government debt accounted for 16.8 % of the country's Nominal GDP in Dec 2021, compared with the ratio of 22.2 % in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range | 
|---|---|---|---|---|---|---|
| 16.8 2021 | 22.2 2020 | 4.6 2008 | 22.2 2020 | % | yearly | 2008 - 2021 | 
Government Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range | 
|---|---|---|---|
| Albania (%) | 52.6 Sep 2024 | quarterly | Sep 2010 - Sep 2024 | 
| Algeria (%) | 48.9 2023 | yearly | 1997 - 2023 | 
| Argentina (%) | 80.3 Mar 2023 | quarterly | Dec 2004 - Mar 2023 | 
| Armenia (%) | 50.3 Dec 2024 | quarterly | Dec 2013 - Dec 2024 | 
| Australia (%) | 38.0 2023 | yearly | 1999 - 2023 | 
| Austria (%) | 83.2 Sep 2024 | quarterly | Mar 2000 - Sep 2024 | 
| Azerbaijan (%) | 16.8 2021 | yearly | 2008 - 2021 | 
| Bahrain (%) | 90.7 Sep 2024 | quarterly | Dec 2007 - Sep 2024 | 
| Bangladesh (%) | 26.6 2024 | yearly | 2010 - 2024 | 
| Belarus (%) | 35.9 Mar 2022 | quarterly | Dec 2003 - Mar 2022 | 
| Belgium (%) | 105.6 Sep 2024 | quarterly | Dec 1980 - Sep 2024 | 
| Bolivia (%) | 27.2 2014 | yearly | 1998 - 2014 | 
| Bosnia and Herzegovina (%) | 19.1 2023 | yearly | 2007 - 2023 | 
| Botswana (%) | 23.3 Sep 2024 | quarterly | Jun 2014 - Sep 2024 | 
| Brazil (%) | 76.1 Dec 2024 | quarterly | Dec 2006 - Dec 2024 | 
| Bulgaria (%) | 22.1 Jun 2024 | quarterly | Mar 2007 - Jun 2024 | 
| Cambodia (%) | 25.3 2022 | yearly | 2013 - 2022 | 
| Canada (%) | 69.4 2024 | yearly | 1962 - 2024 | 
| Chile (%) | 44.0 Sep 2024 | quarterly | Mar 2002 - Sep 2024 | 
| China (%) | 25.6 Dec 2024 | quarterly | Mar 2014 - Dec 2024 | 
| Colombia (%) | 61.8 Jun 2024 | quarterly | Dec 2005 - Jun 2024 | 
| Croatia (%) | 59.7 Sep 2024 | quarterly | Dec 1995 - Sep 2024 | 
| Cyprus (%) | 65.4 Dec 2024 | quarterly | Dec 2010 - Dec 2024 | 
| Czech Republic (%) | 43.7 Sep 2024 | quarterly | Mar 2000 - Sep 2024 | 
| Denmark (%) | 33.6 Sep 2024 | quarterly | Mar 2000 - Sep 2024 | 
| Ecuador (%) | 67.4 Sep 2024 | quarterly | Dec 2005 - Sep 2024 | 
| Egypt (%) | 68.6 Jun 2020 | quarterly | Jun 2006 - Jun 2020 | 
| Estonia (%) | 23.9 Sep 2024 | quarterly | Mar 2000 - Sep 2024 | 
| European Union (%) | 81.6 Sep 2024 | quarterly | Mar 2000 - Sep 2024 | 
| Finland (%) | 82.1 Dec 2024 | quarterly | Mar 2000 - Dec 2024 | 
| France (%) | 110.6 Dec 2023 | quarterly | Dec 1995 - Dec 2023 | 
| Georgia (%) | 37.2 Sep 2024 | quarterly | Mar 2006 - Sep 2024 | 
| Germany (%) | 62.4 Sep 2024 | quarterly | Mar 2000 - Sep 2024 | 
| Ghana (%) | 72.3 2023 | yearly | 2006 - 2023 | 
| Greece (%) | 158.3 Sep 2024 | quarterly | Dec 1999 - Sep 2024 | 
| Hong Kong SAR, China (%) | 49.1 2024 | yearly | 2003 - 2024 | 
| Hungary (%) | 73.6 Dec 2024 | quarterly | Dec 1990 - Dec 2024 | 
| Iceland (%) | 63.9 2023 | yearly | 1998 - 2023 | 
| India (%) | 57.2 Sep 2024 | quarterly | Mar 2012 - Sep 2024 | 
| Indonesia (%) | 39.2 Dec 2024 | quarterly | Jun 2015 - Dec 2024 | 
| Iran (%) | 7.5 Dec 2023 | quarterly | Mar 1998 - Dec 2023 | 
| Ireland (%) | 42.1 Sep 2024 | quarterly | Mar 2000 - Sep 2024 | 
| Israel (%) | 60.3 2023 | yearly | 1995 - 2023 | 
| Italy (%) | 135.3 Dec 2024 | quarterly | Dec 1995 - Dec 2024 | 
| Ivory Coast (%) | 8.6 2015 | yearly | 1975 - 2015 | 
| Japan (%) | 216.2 Dec 2024 | quarterly | Dec 1994 - Dec 2024 | 
| Jordan (%) | 91.2 Sep 2024 | quarterly | Mar 2002 - Sep 2024 | 
| Kazakhstan (%) | 21.7 Dec 2023 | quarterly | Mar 2005 - Dec 2023 | 
| Kenya (%) | 67.6 Sep 2024 | quarterly | Dec 2009 - Sep 2024 | 
| South Korea (%) | 45.7 Sep 2024 | quarterly | Sep 2002 - Sep 2024 | 
| Kosovo (%) | 19.9 2022 | yearly | 2009 - 2022 | 
| Kuwait (%) | 0.3 Jun 2024 | quarterly | Dec 2010 - Jun 2024 | 
| Kyrgyzstan (%) | 40.5 Sep 2024 | quarterly | Mar 2011 - Sep 2024 | 
| Latvia (%) | 47.2 Sep 2024 | quarterly | Mar 2000 - Sep 2024 | 
| Lebanon (%) | 150.6 2020 | yearly | 1998 - 2020 | 
| Lithuania (%) | 38.4 Sep 2024 | quarterly | Mar 2000 - Sep 2024 | 
| Luxembourg (%) | 26.6 Sep 2024 | quarterly | Dec 1997 - Sep 2024 | 
| North Macedonia (%) | 53.8 Dec 2024 | quarterly | Dec 2009 - Dec 2024 | 
| Malawi (%) | 66.0 2014 | yearly | 2010 - 2014 | 
| Malaysia (%) | 64.6 Dec 2024 | quarterly | Dec 2010 - Dec 2024 | 
| Malta (%) | 45.3 Sep 2024 | quarterly | Mar 2000 - Sep 2024 | 
| Mauritius (%) | 77.0 Dec 2024 | quarterly | Jun 2003 - Dec 2024 | 
| Mexico (%) | 47.7 Sep 2024 | quarterly | Dec 2005 - Sep 2024 | 
| Moldova (%) | 37.8 Dec 2024 | quarterly | Mar 2007 - Dec 2024 | 
| Mongolia (%) | 59.4 Dec 2021 | quarterly | Dec 2017 - Dec 2021 | 
| Montenegro (%) | 59.8 Sep 2024 | quarterly | Dec 2010 - Sep 2024 | 
| Morocco (%) | 71.5 2022 | yearly | 1994 - 2022 | 
| Nepal (%) | 39.9 2021 | yearly | 1990 - 2021 | 
| Netherlands (%) | 43.2 Jun 2024 | quarterly | Dec 1999 - Jun 2024 | 
| New Zealand (%) | 44.3 Sep 2024 | quarterly | Dec 2006 - Sep 2024 | 
| Nigeria (%) | 53.8 Sep 2024 | quarterly | Dec 2010 - Sep 2024 | 
| Norway (%) | 55.1 2024 | yearly | 1995 - 2024 | 
| Oman (%) | 37.5 2023 | yearly | 1990 - 2023 | 
| Pakistan (%) | 65.2 2024 | yearly | 2000 - 2024 | 
| Palestinian Territory (%) | 116.8 Sep 2024 | quarterly | Dec 2010 - Sep 2024 | 
| Panama (%) | 61.6 Sep 2024 | quarterly | Dec 2007 - Sep 2024 | 
| Paraguay (%) | 36.6 Sep 2024 | quarterly | Dec 2014 - Sep 2024 | 
| Peru (%) | 32.7 Dec 2024 | quarterly | Mar 1999 - Dec 2024 | 
| Philippines (%) | 60.7 Dec 2024 | quarterly | Mar 1993 - Dec 2024 | 
| Poland (%) | 53.5 Sep 2024 | quarterly | Dec 2002 - Sep 2024 | 
| Portugal (%) | 95.0 Dec 2024 | quarterly | Dec 1995 - Dec 2024 | 
| Qatar (%) | 15.0 2012 | yearly | 2006 - 2012 | 
| Romania (%) | 53.1 Sep 2024 | quarterly | Dec 2011 - Sep 2024 | 
| Russia (%) | 14.6 Mar 2024 | quarterly | Dec 2011 - Mar 2024 | 
| Saudi Arabia (%) | 29.9 Dec 2024 | quarterly | Dec 2016 - Dec 2024 | 
| Serbia (%) | 47.2 Dec 2024 | quarterly | Sep 2004 - Dec 2024 | 
| Singapore (%) | 173.1 Dec 2024 | quarterly | Mar 1990 - Dec 2024 | 
| Slovakia (%) | 60.4 Jun 2024 | quarterly | Mar 2000 - Jun 2024 | 
| Slovenia (%) | 66.7 Sep 2024 | quarterly | Dec 1999 - Sep 2024 | 
| South Africa (%) | 75.1 Sep 2024 | quarterly | Dec 1960 - Sep 2024 | 
| Spain (%) | 104.3 Sep 2024 | quarterly | Mar 1995 - Sep 2024 | 
| Sri Lanka (%) | 96.9 Sep 2024 | quarterly | Mar 2014 - Sep 2024 | 
| Sweden (%) | 32.1 Sep 2024 | quarterly | Mar 1996 - Sep 2024 | 
| Switzerland (%) | 23.3 2028 | yearly | 1990 - 2028 | 
| Taiwan (%) | 29.0 2023 | yearly | 1996 - 2023 | 
| Tajikistan (%) | 36.3 2021 | yearly | 1999 - 2021 | 
| Thailand (%) | 56.6 Dec 2024 | quarterly | Dec 1997 - Dec 2024 | 
| Tunisia (%) | 79.8 2024 | yearly | 2016 - 2024 | 
| Turkey (%) | 25.6 Sep 2024 | quarterly | Dec 2001 - Sep 2024 | 
| Ukraine (%) | 79.4 Dec 2023 | quarterly | Dec 2010 - Dec 2023 | 
Azerbaijan Key Series
| Government and Public Finance | Last | Frequency | Range | 
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | 0.4 Jun 2021 | monthly | Dec 2004 - Jun 2021 | 
| Consolidated Fiscal Balance (USD mn) | 1,006.941 Jan 2025 | monthly | Dec 2004 - Jan 2025 | 
| Tax Revenue (USD mn) | 12,978.706 2024 | yearly | 1993 - 2024 | 
| Tax Revenue: % of GDP (%) | 17.5 2024 | yearly | 1993 - 2024 | 
| National Government Debt (USD mn) | 9,223.0 2021 | yearly | 2008 - 2021 | 
| Government Debt: % of GDP (%) | 16.8 2021 | yearly | 2008 - 2021 | 
| Forecast: Government Expenditure (AZN bn) | 46.605 2029 | yearly | 1994 - 2029 | 
| Forecast: Government Net Debt (AZN bn) | 27.493 2029 | yearly | 1995 - 2029 | 
| Forecast: Government Revenue (AZN bn) | 45.680 2029 | yearly | 1994 - 2029 | 
| Government Revenue: Taxes (AZN mn) | 10,587.300 2018 | yearly | 1991 - 2018 | 
| Government Revenue: ytd (AZN mn) | 4,051.400 Jan 2025 | monthly | Dec 2004 - Jan 2025 | 
| Government Expenditure: ytd (AZN mn) | 2,339.600 Jan 2025 | monthly | Dec 2004 - Jan 2025 | 
| Government Balance: ytd (AZN mn) | 1,711.800 Jan 2025 | monthly | Dec 2004 - Jan 2025 | 
| Government Revenue: Taxes: Excise Tax (AZN mn) | 1,555.700 2024 | yearly | 1991 - 2024 | 
| Government Revenue: Taxes: Value Added Tax (AZN mn) | 8,894.200 2024 | yearly | 1991 - 2024 | 
| Balance of Payments | Last | Frequency | Range | 
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 162.5 Sep 2024 | quarterly | Mar 2000 - Sep 2024 | 
| Current Account Balance (USD mn) | 1,327.6 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| Current Account Balance: % of GDP (%) | 6.8 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| Foreign Direct Investment (USD mn) | 138.5 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| Foreign Direct Investment: % of GDP (%) | 0.7 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| Foreign Portfolio Investment (USD mn) | -71.034 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| Foreign Portfolio Investment: % of GDP (%) | -0.4 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| Foreign Portfolio Investment: Equity Securities (USD mn) | -13.1 Sep 2024 | quarterly | Mar 2003 - Sep 2024 | 
| Foreign Portfolio Investment: Debt Securities (USD mn) | -57.892 Sep 2024 | quarterly | Mar 2003 - Sep 2024 | 
| External Debt (USD mn) | 5,299.1 Sep 2024 | quarterly | Dec 2001 - Sep 2024 | 
| External Debt: % of GDP (%) | 14.9 Dec 2021 | quarterly | Dec 2001 - Dec 2021 | 
| External Debt: Short Term (USD mn) | 0.0 2021 | yearly | 1993 - 2021 | 
| External Debt: Short Term: % of GDP (%) | 0.6 2022 | yearly | 1993 - 2022 | 
| Forecast: Current Account Balance (USD bn) | 0.418 2029 | yearly | 1992 - 2029 | 
| BoP: ytd: Current Account: Credit (USD mn) | 27,960.995 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Current Account: Income (USD mn) | -1,978.522 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Balancing Item (USD mn) | -200.695 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Capital Account (USD mn) | -0.083 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Capital Account: Credit (USD mn) | 1.777 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Current Account: Transfers: Credit (USD mn) | 969.374 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Financial Account: Net Liabilities: Direct Investment (DI) (USD mn) | -235.627 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Current Account: Transfers: Debit (USD mn) | 478.421 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Financial Account: Net Assets: Portfolio Investment (USD mn) | 724.477 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Financial Account: Net Liabilities: Portfolio Investment (USD mn) | -960.568 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Current Account: Services: Debit (USD mn) | 7,364.516 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Current Account: Income: Debit (USD mn) | 3,904.078 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Current Account: Services (USD mn) | -1,563.514 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Current Account: Income: Credit (USD mn) | 1,925.556 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Financial Account: Net Assets (USD mn) | 1,390.880 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Current Account: Goods (USD mn) | 7,003.959 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Capital Account: Debit (USD mn) | 1.860 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Current Account: Transfers (USD mn) | 490.953 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Current Account: Goods: Credit (USD mn) | 19,265.063 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Financial Account: Net Assets: Direct Investment (DI) (USD mn) | 583.954 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Current Account: Services: Credit (USD mn) | 5,801.002 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Current Account: Debit (USD mn) | 24,008.119 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Current Account: Goods: Debit (USD mn) | 12,261.104 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Reserve Assets: Flow (USD mn) | 181.614 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Financial Account: Net Liabilities: Other Investment (OI) (USD mn) | -1,441.184 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Financial Account: Net Assets: Other Investment (OI) (USD mn) | 82.449 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Financial Account: Net Liabilities (USD mn) | -2,179.604 Sep 2024 | quarterly | Mar 2013 - Sep 2024 | 
| BoP: ytd: Financial Account: Net Liabilities: Financial Derivatives (USD mn) | -4.291 Sep 2018 | quarterly | Sep 2018 - Sep 2018 | 
| Foreign Investment: Oil Industry (USD mn) | 4,657.000 2023 | yearly | 1995 - 2023 | 
| Foreign Investment: Direct (USD mn) | 6,658.100 2023 | yearly | 2003 - 2023 | 
| Monetary | Last | Frequency | Range | 
|---|---|---|---|
| Non Performing Loans Ratio (%) | 5.9 Mar 2015 | quarterly | Dec 2009 - Mar 2015 | 
| Household Debt: % of GDP (%) | 13.1 Sep 2024 | quarterly | Mar 2005 - Sep 2024 | 
| Money Supply M1 (USD mn) | 16,253.184 Jan 2025 | monthly | Dec 1995 - Jan 2025 | 
| Money Supply M2 (USD mn) | 20,442.450 Jan 2025 | monthly | Dec 1995 - Jan 2025 | 
| M2 Growth (%) | 19.7 May 2023 | monthly | Dec 1996 - May 2023 | 
| Reserve Requirement Ratio (%) | 5.0 Feb 2025 | monthly | May 1993 - Feb 2025 | 
| Foreign Exchange Reserves (USD mn) | 11,893.8 Jan 2025 | monthly | Dec 1992 - Jan 2025 | 
| Foreign Exchange Reserves: % of GDP (%) | 17.721 Sep 2024 | quarterly | Dec 2001 - Sep 2024 | 
| Foreign Exchange Reserves: Months of Import (NA) | 5.8 Jan 2025 | monthly | Mar 1994 - Jan 2025 | 
| Gold Reserves (USD mn) | 0.000 Jan 2025 | monthly | Dec 1992 - Jan 2025 | 
| Total Deposits (USD mn) | 17,809.922 Jan 2025 | monthly | Jan 2005 - Jan 2025 | 
| Total Deposits Growth (%) | 2.7 Jan 2025 | monthly | Jan 2006 - Jan 2025 | 
| Domestic Credit (USD mn) | 20,574.4 Dec 2024 | monthly | Dec 2001 - Dec 2024 | 
| Domestic Credit Growth (%) | -0.7 Dec 2024 | monthly | Dec 2002 - Dec 2024 | 
| Household Debt (USD mn) | 10,086.9 Jan 2025 | monthly | Jan 2005 - Jan 2025 | 
| Total Loans (USD mn) | 17,250.149 Jan 2025 | monthly | Dec 2004 - Jan 2025 | 
| Total Loans Growth (%) | 20.37 Jan 2025 | monthly | Dec 2005 - Jan 2025 | 
| Private Debt: % of Nominal GDP (%) | 24.17 Sep 2024 | quarterly | Dec 2001 - Sep 2024 | 
| Monetary Aggregates: M1 (AZN mn) | 27,630.412 Jan 2025 | monthly | Dec 2002 - Jan 2025 | 
| Monetary Aggregates: M1: Cash Outside Banks (AZN mn) | 15,285.340 Jan 2025 | monthly | Dec 2002 - Jan 2025 | 
| Monetary Aggregates: M3 (AZN mn) | 45,564.260 Jan 2025 | monthly | Dec 2002 - Jan 2025 | 
| Monetary Aggregates: M2 (AZN mn) | 34,752.165 Jan 2025 | monthly | Dec 2002 - Jan 2025 | 
| Official Foreign Reserves (USD mn) | 10,991.800 Feb 2025 | monthly | Dec 2006 - Feb 2025 | 
More Indicators for Azerbaijan
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.