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household debts in Azerbaijan

Gross debt in Azerbaijan

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Azerbaijan in the period from 1998 to 2020 was between 635.4 million and 9.5 billion USD. The hightest level within the past 22 years was reached in 2015. However, the liabilities in 2020 have been only nine billion USD

Based on the number of inhabitants, this is a debt of 904 USD per person. For comparison, the average debt per person in the same year in the European Union was 30,783 USD.


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Gross debt of the last 22 years in billion USD




YearAzerbaijan totalAzerbaijan per capitaEU per capita
19980.64 bn USD80 USD14,079 USD
19991.16 bn USD146 USD14,032 USD
20001.20 bn USD150 USD11,232 USD
20011.39 bn USD172 USD11,255 USD
20021.44 bn USD176 USD12,258 USD
20031.59 bn USD193 USD15,286 USD
20040.84 bn USD101 USD17,595 USD
20050.91 bn USD108 USD18,327 USD
20061.11 bn USD131 USD18,877 USD
20071.32 bn USD154 USD20,898 USD
20081.57 bn USD180 USD24,086 USD
20092.09 bn USD234 USD25,361 USD
20102.64 bn USD291 USD26,496 USD
20113.28 bn USD357 USD29,231 USD
20124.06 bn USD437 USD28,174 USD
20134.58 bn USD487 USD29,981 USD
20146.42 bn USD673 USD30,648 USD
20159.54 bn USD989 USD25,918 USD
20167.80 bn USD800 USD26,261 USD
20179.20 bn USD933 USD27,024 USD
20188.80 bn USD886 USD28,448 USD
20198.51 bn USD849 USD27,168 USD
20209.12 bn USD904 USD30,783 USD


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



      Azerbaijan       European Union


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