S&P forecasts Azerbaijan's external debt at $6.6B in 2025

S&P Global Ratings has projected that Azerbaijan’s external debt will reach $6.6 billion by 2025.

Report informs citing the agency that the country’s long-term external debt is expected to total $1.8 billion, while short-term debt will amount to $4.8 billion.

S&P also estimates that by the end of 2025, global commercial public debt will hit a record high of $77 trillion.

As of January 1, 2025, Azerbaijan's external public debt stood at $5.129 billion, or 6.9% of GDP, while domestic public debt amounted to $10.999 billion, making up 14.8% of GDP.

The external public debt is structured as follows: 49% is due for repayment within 5 years, 44.9% between 5 to 10 years, and 6.1% over a period of more than 10 years.

In terms of creditors, 63.3% of the external debt is owed to multilateral financial institutions, 27% to Eurobonds on international markets, and 9.7% to loans from bilateral financial institutions.

The largest creditor is the Asian Development Bank, holding 35.1%, followed by Eurobonds at 27% and the World Bank at 15.8%.