Paşha Bank
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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