Azerbaijan's External State Debt Drops 6.3% to $4.5 Billion, Sits at 5.6% of GDP

As of October 1, 2026, Azerbaijan’s external public debt stood at $4,509.5 million, according to data released by the Ministry of Finance. Direct loans accounted for $3,122.2 million (69.2%) of the total exposure, while Eurobonds represented $1,387.3 million (30.8%). Obligations under fixed interest rates made up 51.2% of the aggregate portfolio, with floating-rate debt comprising the remaining 48.8%.

The US dollar retained a dominant position in currency distribution, making up 86.3% of total external debt, followed by the euro (5.8%), the Japanese yen (3.2%), IMF Special Drawing Rights (SDRs) at 2.9%, and other currencies at 1.7%. Regarding maturity profiles, 67.7% ($3,052.7 million) is scheduled for repayment within 5 years, 26.8% ($1,210.6 million) falls between 5 and 10 years, and 5.5% ($246.2 million) spans maturities over 10 years. Since the beginning of 2026, external public debt contracted by $304 million (6.3%), equivalent to 5.6% of gross domestic product.

N. Tebrizli