Net incurrence of liabilities, total (current LCU) in Azerbaijan
Azerbaijan: Net incurrence of liabilities, total (current LCU) was 1.61 billion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in Azerbaijan, 2008–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net incurrence of liabilities, total in Azerbaijan is 1.61 billion current LCU, measured in 2024.
That represents a change of down 31.7% on the previous year and up 128.6% over ten years.
Over the whole period, net incurrence of liabilities, total in Azerbaijan peaked at 2.36 billion current LCU in 2023 and was at its lowest, -1.64 billion current LCU, in 2018.
That places Azerbaijan 103rd out of 136 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (current LCU) in Azerbaijan, year by year
| Year | current LCU | Change |
|---|---|---|
| 2008 | -6.30 million current LCU | — |
| 2009 | -126.00 million current LCU | +1900.0% |
| 2010 | 53.20 million current LCU | -142.2% |
| 2011 | -282.60 million current LCU | -631.2% |
| 2012 | -76.30 million current LCU | -73.0% |
| 2013 | -940.70 million current LCU | +1132.9% |
| 2014 | 705.50 million current LCU | -175.0% |
| 2015 | -530.50 million current LCU | -175.2% |
| 2016 | -710.80 million current LCU | +34.0% |
| 2017 | -1.16 billion current LCU | +63.1% |
| 2018 | -1.64 billion current LCU | +41.4% |
| 2019 | -190.10 million current LCU | -88.4% |
| 2020 | 2.21 billion current LCU | -1264.1% |
| 2021 | 445.05 million current LCU | -79.9% |
| 2022 | 1.82 billion current LCU | +309.7% |
| 2023 | 2.36 billion current LCU | +29.4% |
| 2024 | 1.61 billion current LCU | -31.7% |
Azerbaijan compared with similar countries
- Azerbaijan's 1.61 billion current LCU is below the median for upper middle income countries, which is 48.87 billion current LCU, 3% of the median. (47 countries reporting)
- Azerbaijan's 1.61 billion current LCU is below the median for Europe & Central Asia, which is 14.60 billion current LCU, 11% of the median. (34 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (current LCU) in Azerbaijan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -1900.0% | -6.30 million current LCU | -126.00 million current LCU |
| 2020 | +1264.1% | -190.10 million current LCU | 2.21 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -66.15 million current LCU | -126.00 million current LCU | -6.30 million current LCU | 2 |
| 2010s | -477.01 million current LCU | -1.64 billion current LCU | 705.50 million current LCU | 10 |
| 2020s | 1.69 billion current LCU | 445.05 million current LCU | 2.36 billion current LCU | 5 |
Countries ranked near Azerbaijan
More public sector data for Azerbaijan
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Frequently asked questions
- What is net incurrence of liabilities, total in Azerbaijan?
- Net incurrence of liabilities, total in Azerbaijan was 1.61 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Azerbaijan?
- The highest recorded value was 2.36 billion current LCU in 2023.
- What is the lowest net incurrence of liabilities, total recorded in Azerbaijan?
- The lowest recorded value was -1.64 billion current LCU in 2018.
- How does Azerbaijan rank for net incurrence of liabilities, total?
- Azerbaijan ranks 103rd out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Azerbaijan?
- Over the last ten years it is up 128.6%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.