
Gross debt in Azerbaijan
The government debt of Azerbaijan refers to the debt of the state proper, but not its federal states, municipalities and institutions.The government debt in the period from 1995 to 2021 was between 464.4 million and 14.4 billion USD. The highest level of the last years at 14 billion US Dollar was reached in 2021.
Based on the number of inhabitants, this is a debt of 1,425 USD per person. For comparison, the average debt per person in the same year in the European Union was 31,701 USD.
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Gross debt of the last 26 years in billion USD
Year | Azerbaijan total | % of GDP | per capita | EU per capita |
---|---|---|---|---|
1995 | 0.46 bn USD | 19.21% | 60 USD | 12,276 USD |
1996 | 0.53 bn USD | 16.72% | 68 USD | 13,038 USD |
1997 | 0.49 bn USD | 12.47% | 63 USD | 11,925 USD |
1998 | 0.64 bn USD | 14.29% | 80 USD | 11,978 USD |
1999 | 1.16 bn USD | 25.41% | 146 USD | 11,204 USD |
2000 | 1.20 bn USD | 22.84% | 150 USD | 9,175 USD |
2001 | 1.39 bn USD | 24.39% | 172 USD | 9,104 USD |
2002 | 1.44 bn USD | 23.02% | 176 USD | 10,039 USD |
2003 | 1.59 bn USD | 21.83% | 193 USD | 12,356 USD |
2004 | 0.84 bn USD | 9.71% | 101 USD | 14,056 USD |
2005 | 0.91 bn USD | 6.85% | 108 USD | 14,655 USD |
2006 | 1.11 bn USD | 5.30% | 131 USD | 15,092 USD |
2007 | 1.32 bn USD | 4.00% | 154 USD | 16,757 USD |
2008 | 1.57 bn USD | 3.22% | 180 USD | 19,361 USD |
2009 | 2.09 bn USD | 4.73% | 234 USD | 20,190 USD |
2010 | 2.64 bn USD | 4.98% | 291 USD | 21,506 USD |
2011 | 3.28 bn USD | 4.97% | 357 USD | 24,311 USD |
2012 | 4.06 bn USD | 5.83% | 437 USD | 23,897 USD |
2013 | 4.58 bn USD | 6.18% | 487 USD | 26,085 USD |
2014 | 6.42 bn USD | 8.53% | 673 USD | 26,871 USD |
2015 | 9.54 bn USD | 17.98% | 989 USD | 22,892 USD |
2016 | 7.80 bn USD | 20.61% | 800 USD | 23,468 USD |
2017 | 9.20 bn USD | 22.51% | 933 USD | 24,441 USD |
2018 | 8.80 bn USD | 18.69% | 886 USD | 26,205 USD |
2019 | 8.51 bn USD | 17.66% | 849 USD | 25,151 USD |
2020 | 9.11 bn USD | 21.33% | 902 USD | 28,902 USD |
2021 | 14.45 bn USD | 26.45% | 1,425 USD | 31,701 USD |