Azerbaijan: Total debt service (% of exports of goods, services and primary income)

Key figures

What the numbers say

In 2024, Azerbaijan's total debt service (% of exports of goods, services and primary income) rose 5.52 percentage points on 2023 (from 5.86% to 11.39%).

Across the 28 yearly changes before that (1996 to 2023), the average change was +0.16 percentage points and a typical year strayed about 2.25 percentage points from that (the standard deviation). This year's change was 2.4 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 5.52 percentage points in 2024 and the biggest yearly fall was 4.49 percentage points in 2022. 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 10% 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 60th highest value of the 109 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

• Nepal — 57th of 109: 12.39%
• Tanzania — 58th of 109: 12.09%
• Ethiopia — 59th of 109: 11.54%
• Russian Federation — 61st of 109: 11.35%
• Bulgaria — 62nd of 109: 11.09%
• Paraguay — 63rd of 109: 11.06%

What this measures

Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.

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

All 30 values

Total debt service (% of exports of goods, services and primary income) in nearby economies

• Albania — 8.01% (2024)
• Armenia — 9.17% (2024)
• Belarus — 10.47% (2024)
• Bosnia and Herzegovina — 10.84% (2024)
• Bulgaria — 11.09% (2024)
• Georgia — 26.56% (2024)
• Kazakhstan — 48.43% (2024)
• Kosovo — 7.18% (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
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Azerbaijan's total debt service (% of exports of goods, services and primary income)?

11.39% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 10.11 percentage points from 1.28% in 1995. The highest value was 11.39% in 2024 and the lowest 1.02% in 2008.

How does Azerbaijan rank?

60th highest of 109 economies with data for 2024.

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

In 2024, Azerbaijan's total debt service (% of exports of goods, services and primary income) rose 5.52 percentage points on 2023 (from 5.86% to 11.39%). Across the 28 yearly changes before that (1996 to 2023), the average change was +0.16 percentage points and a typical year strayed about 2.25 percentage points from that (the standard deviation). This year's change was 2.4 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator DT.TDS.DECT.EX.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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