household debts in Azerbaijan

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

YearAzerbaijan total% of GDPper capitaEU per capita
19950.46 bn USD19.21%60 USD12,276 USD
19960.53 bn USD16.72%68 USD13,038 USD
19970.49 bn USD12.47%63 USD11,925 USD
19980.64 bn USD14.29%80 USD11,978 USD
19991.16 bn USD25.41%146 USD11,204 USD
20001.20 bn USD22.84%150 USD9,175 USD
20011.39 bn USD24.39%172 USD9,104 USD
20021.44 bn USD23.02%176 USD10,039 USD
20031.59 bn USD21.83%193 USD12,356 USD
20040.84 bn USD9.71%101 USD14,056 USD
20050.91 bn USD6.85%108 USD14,655 USD
20061.11 bn USD5.30%131 USD15,092 USD
20071.32 bn USD4.00%154 USD16,757 USD
20081.57 bn USD3.22%180 USD19,361 USD
20092.09 bn USD4.73%234 USD20,190 USD
20102.64 bn USD4.98%291 USD21,506 USD
20113.28 bn USD4.97%357 USD24,311 USD
20124.06 bn USD5.83%437 USD23,897 USD
20134.58 bn USD6.18%487 USD26,085 USD
20146.42 bn USD8.53%673 USD26,871 USD
20159.54 bn USD17.98%989 USD22,892 USD
20167.80 bn USD20.61%800 USD23,468 USD
20179.20 bn USD22.51%933 USD24,441 USD
20188.80 bn USD18.69%886 USD26,205 USD
20198.51 bn USD17.66%849 USD25,151 USD
20209.11 bn USD21.33%902 USD28,902 USD
202114.45 bn USD26.45%1,425 USD31,701 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Azerbaijan       European Union

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