Azerbaijan recorded a Government Debt to GDP of 20.90 percent of the country's Gross Domestic Product in 2024. Government Debt to GDP in Azerbaijan averaged 14.53 percent of GDP from 1995 until 2024, reaching an all time high of 25.40 percent of GDP in 1999 and a record low of 3.20 percent of GDP in 2008. source: International Monetary Fund

Government Debt to GDP in Azerbaijan is expected to reach 20.40 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Government Debt to GDP is projected to trend around 20.00 percent of GDP in 2026 and 19.30 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Credit Rating 53.00 Feb 2026
Fiscal Expenditure 38603.60 31414.70 AZN Million Dec 2025
Government Budget -0.40 -0.70 percent of GDP Dec 2024
Government Budget Value 527.60 4210.90 AZN Million Dec 2025
Government Debt to GDP 20.90 21.90 percent of GDP Dec 2024
Government Revenues 39131.20 35625.60 AZN Million Dec 2025
Government Spending 4527.20 5099.00 AZN Million Sep 2025
Government Spending to GDP 29.90 29.60 percent of GDP Dec 2024
Holidays
Military Expenditure 3777.10 3561.70 USD Million Dec 2024


Azerbaijan Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
20.90 21.90 25.40 3.20 1995 - 2024 percent of GDP Yearly