Azerbaijan’s external debt falls 11% year-on-year to $5.1 billion

Azerbaijan’s external debt stood at $5.075 billion as of early April 2025, down 11.1% from a year earlier, the Finance Ministry said.

The debt amounts to 6.6% of the country’s gross domestic product (GDP) and is mostly denominated in US dollars (85.6%), with the remainder in euros (6%), IMF Special Drawing Rights (3.5%), Japanese yen (3.3%) and other currencies.

As of April 1, 2025, 48.9% of the debt carried a floating interest rate and 51.1% a fixed rate.

In terms of maturity, 49.9% of the debt is due within five years, 44.2% between five and ten years, and 5.9% beyond ten years.

At the end of 2024, Azerbaijan’s external debt stood at 7.2% of GDP. Under current fiscal guidelines, external debt must not exceed $10 billion.

N.Tebrizli