Azerbaijan: Short-term debt (% of exports of goods, services and primary income)

Key figures

What the numbers say

In 2024, Azerbaijan's short-term debt (% of exports of goods, services and primary income) fell 1.04 percentage points on 2023 (from 1.64% to 0.6%).

Across the 28 yearly changes before that (1996 to 2023), the average change was −0 percentage points and a typical year strayed about 2.02 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 4.94 percentage points in 2000 and the biggest yearly fall was 4.35 percentage points in 2017. 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 the straight-line trend is downward, about 0.72 percentage points a year. A straight line explains 70% of the movement over 10 observed years.

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 92nd highest value of the 99 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.

Closest to Azerbaijan in the 2024 ranking

• Burundi — 89th of 99: 0.69%
• Mali — 90th of 99: 0.67%
• Iraq — 91st of 99: 0.63%
• Guinea-Bissau — 93rd of 99: 0.23%
• Lesotho — 94th of 99: 0.2%
• Timor-Leste — 95th of 99: 0.15%

What this measures

Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 30 values

Short-term debt (% of exports of goods, services and primary income) in nearby economies

• Albania — 11.4% (2024)
• Armenia — 17.66% (2024)
• Belarus — 19.06% (2024)
• Bosnia and Herzegovina — 22.93% (2024)
• Bulgaria — 15.01% (2022)
• Georgia — 26.13% (2024)
• Kazakhstan — 20.54% (2024)
• Kosovo — 29.69% (2024)
• Kyrgyz Republic

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

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Azerbaijan's short-term debt (% of exports of goods, services and primary income)?

0.6% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is down 1.17 percentage points from 1.77% in 1995. The highest value was 7.55% in 2016 and the lowest 0% in 2021.

How does Azerbaijan rank?

92nd highest of 99 economies with data for 2024.

Is the latest change in short-term debt (% of exports of goods, services and primary income) unusual for Azerbaijan?

In 2024, Azerbaijan's short-term debt (% of exports of goods, services and primary income) fell 1.04 percentage points on 2023 (from 1.64% to 0.6%). Across the 28 yearly changes before that (1996 to 2023), the average change was −0 percentage points and a typical year strayed about 2.02 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator DT.DOD.DSTC.XP.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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