Bank Of Baku

Azerbaijan’s strategic foreign exchange reserves exceed external public debt by nearly 18 times

Azerbaijan’s strategic foreign exchange reserves exceed external public debt by nearly 18 times
# 04 February 2026 10:37 (UTC +04:00)

As of January 1, 2026, Azerbaijan’s strategic foreign exchange reserves (the State Oil Fund of the Republic of Azerbaijan and the Central Bank of the Republic of Azerbaijan) totalled $85.1 billion, exceeding the country’s external public debt by approximately 17.7 times, APA-Economics reports, citing the Ministry of Finance.

It was noted that as of January 1, 2026, Azerbaijan’s external public debt stood at $4,813.5 million and accounted for 6.3% of actual GDP in 2025, which amounted to 129,094.0 million manats ($75,937.6 million). Compared with the beginning of 2025, external public debt decreased by $316.2 million, or 6.2%, in absolute terms.

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