According to APA-Economics, this process is related to mainly increase of GDP in 2003-2008. Thus, the external public debt / GDP ratio was 6.4% in 2008, 7.95% in 2009 and 9.3% in 2010. As you see, external public debt/GDP ratio rose 2.9 percentage points during past 2 years. Increase of this index was related to decrease of GDP in current prices. Thus, Azerbaijan produced $ 46.9 bln-GDP in 2008, $ 43.02 bln – GDP in 2009 and $ 41.65 bln-GDP in 2010.
Note that, as of January 1, 2011, Azerbaijan’s external public debt made $ 3 857.3 mln, up 12.7% from year earlier.
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