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Azerbaijan reveals updated structure of external public debt

04 February 2026 10:07 (UTC +04:00)

As of January 1, 2026, Azerbaijan’s external public debt amounted to $4,813.5 million, accounting for 6.3% of the actual GDP for 2025, which totaled 129,094.0 million manats ($75,937.6 million), APA-Economics reports, citing the Ministry of Finance.

According to the information, external public debt decreased by $316.2 million, or 6.2%, in absolute terms compared to the beginning of 2025. The use of funds in the amount of 106.8 million USD under loan agreements during 2025 and the strengthening of foreign exchange rates against the US dollar resulted in an increase in external public debt in US dollar terms of 49.8 million USD, while the implementation of overdue principal payments of 472.8 million USD led to a decrease in external public debt. As of January 1, 2026, the ratio of external public debt to GDP declined by 0.6 percentage points compared to the beginning of 2025.

It was noted that as of the reporting date, liabilities with variable interest rates accounted for 49.5% of external public debt, while those with fixed rates made up 50.5%. As of January 1, 2026, 35.4% of the external public debt portfolio fell to the Asian Development Bank, 28.8% to Eurobonds, 13.7% to the World Bank, and 22.1% to obligations attracted from other creditors.