Azerbaijan's multilateral debt service (% of public and publicly guaranteed debt service) was 25.5% in 2024, the latest year in the World Bank's World Development Indicators. That is down 5.11 percentage points from 30.61% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 25.5% | 2024 |
| Five years earlier | 39.86% | 2019 |
| Ten years earlier | 30.61% | 2014 |
| Highest | 86.03% | 1997 |
| Lowest | 7.91% | 1996 |
| Average since 2015 | 41.06% | 2015–2024 |
| First recorded | 21.85% | 1995 |
What the numbers say
In 2024, Azerbaijan's multilateral debt service (% of public and publicly guaranteed debt service) fell 24.1 percentage points on 2023 (from 49.6% to 25.5%).
Across the 28 yearly changes before that (1996 to 2023), the average change was +0.99 percentage points and a typical year strayed about 23.84 percentage points from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 78.12 percentage points in 1997 and the biggest yearly fall was 72.7 percentage points in 1998. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 11% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Azerbaijan had the 88th highest value of the 119 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Azerbaijan | 25.5% | 2024 |
| Upper middle income | 15.92% | 2024 |
Closest to Azerbaijan in the 2024 ranking
- Guinea — 85th of 119: 26.75%
- Zambia — 86th of 119: 26.37%
- Kenya — 87th of 119: 25.91%
- Dominican Republic — 89th of 119: 24.58%
- El Salvador — 90th of 119: 24.46%
- Maldives — 91st of 119: 24.2%
What this measures
Multilateral debt service is the repayment of principal and interest to the World Bank, regional development banks, and other multilateral agencies. public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 30 values
| Year | Multilateral debt service (% of public and publicly guaranteed debt service) |
|---|---|
| 2024 | 25.5 |
| 2023 | 49.6 |
| 2022 | 48.45 |
| 2021 | 56.21 |
| 2020 | 50.64 |
| 2019 | 39.86 |
| 2018 | 53.11 |
| 2017 | 25.76 |
| 2016 | 31.48 |
| 2015 | 30.02 |
| 2014 |
Multilateral debt service (% of public and publicly guaranteed debt service) in nearby economies
- Albania — 64.12% (2024)
- Armenia — 58.68% (2024)
- Belarus — 13.37% (2024)
- Bosnia and Herzegovina — 78.41% (2024)
- Bulgaria — 14.89% (2024)
- Georgia — 68.73% (2024)
- Kazakhstan — 30.5% (2024)
- Kosovo — 83.53% (2024)
More economic policy & debt data for Azerbaijan
- Adjusted savings, education expenditure (% of GNI) — 3.9% (2021)
- Adjusted savings, mineral depletion (current US$) — US$138.93 million (2021)
- Adjusted savings, energy depletion (current US$) — US$8.51 billion (2021)
- General government final consumption expenditure (current US$) — US$11.79 billion (2025)
- General government final consumption expenditure (current LCU) — 20.05 billion (2025)
- General government final consumption expenditure (% of GDP) — 15.53% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$45.08 billion (2025)
- Households and NPISHs final consumption expenditure (current LCU) — 76.64 billion (2025)
Reading data like this
Questions people ask
- What is Azerbaijan's multilateral debt service (% of public and publicly guaranteed debt service)?
- 25.5% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 3.65 percentage points from 21.85% in 1995. The highest value was 86.03% in 1997 and the lowest 7.91% in 1996.
- How does Azerbaijan rank?
- 88th highest of 119 economies with data for 2024.
- Is the latest change in multilateral debt service (% of public and publicly guaranteed debt service) unusual for Azerbaijan?
- In 2024, Azerbaijan's multilateral debt service (% of public and publicly guaranteed debt service) fell 24.1 percentage points on 2023 (from 49.6% to 25.5%). Across the 28 yearly changes before that (1996 to 2023), the average change was +0.99 percentage points and a typical year strayed about 23.84 percentage points from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator DT.TDS.MLAT.PG.ZS, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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