As of October 1, 2026, the volume of Azerbaijan’s external state debt amounted to 4 billion 509.5 million US dollars.
elchi reports, citing the Ministry of Finance, that 3 billion 122.2 million dollars, or 69.2%, of the external state debt falls to loans, and 1 billion 387.3 million dollars, or 30.8%, falls to Eurobonds.
According to the report, 51.2% of the external state debt consists of fixed-rate obligations, and 48.8% consists of variable-rate obligations.
The US dollar holds the largest share in the currency structure of the external state debt with 86.3%. The share of the Euro is 5.8%, the Japanese yen is 3.2%, the International Monetary Fund’s special drawing rights (SDR) are 2.9%, and other currencies account for 1.7%.
In terms of repayment period, 3 billion 52.7 million dollars, or 67.7%, of the external state debt must be repaid within 5 years, 1 billion 210.6 million dollars, or 26.8%, within 5 to 10 years, and 246.2 million dollars, or 5.5%, must be repaid in more than 10 years.
It should be noted that since the beginning of 2026, Azerbaijan’s external state debt has decreased by 304 million dollars, or 6.3%. The ratio of external state debt to GDP was 5.6%.