Net incurrence of liabilities, total in Azerbaijan
Azerbaijan: Net incurrence of liabilities, total was 1.3% 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 % of GDP.
Analysis
In 2024, net incurrence of liabilities, total in Azerbaijan stood at 1.3%.
Compared with earlier readings it is down 33.5% on the previous year and up 6.6% over ten years.
Over the whole period, net incurrence of liabilities, total in Azerbaijan peaked at 3.0% in 2020 and was at its lowest, -2.0%, in 2018.
Azerbaijan ranks 101st of 136 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Azerbaijan, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | -0.0% | — |
| 2009 | -0.4% | +2154.8% |
| 2010 | 0.1% | -135.4% |
| 2011 | -0.5% | -533.1% |
| 2012 | -0.1% | -74.3% |
| 2013 | -1.6% | +1060.0% |
| 2014 | 1.2% | -173.9% |
| 2015 | -1.0% | -181.6% |
| 2016 | -1.2% | +20.6% |
| 2017 | -1.6% | +40.1% |
| 2018 | -2.0% | +24.2% |
| 2019 | -0.2% | -88.7% |
| 2020 | 3.0% | -1413.6% |
| 2021 | 0.5% | -84.3% |
| 2022 | 1.4% | +185.0% |
| 2023 | 1.9% | +40.8% |
| 2024 | 1.3% | -33.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.2% | -0.4% | -0.0% | 2 |
| 2010s | -0.7% | -2.0% | 1.2% | 10 |
| 2020s | 1.6% | 0.5% | 3.0% | 5 |
Countries ranked near Azerbaijan
- 98 Belarus 1.3% compare
- 99 Vanuatu 1.3% compare
- 100 Russian Federation 1.3% compare
- 102 Guatemala 1.2% compare
- 103 Iran, Islamic Republic of 1.2%
- 104 Cyprus 1.1%
More public sector data for Azerbaijan
- Arms imports 28.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.74 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 833.33 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 28.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 370.2 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0507 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.05 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 3.78 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 36.3 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Azerbaijan?
- Net incurrence of liabilities, total in Azerbaijan was 1.3% 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 3.0% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Azerbaijan?
- The lowest recorded value was -2.0% in 2018.
- How does Azerbaijan rank for net incurrence of liabilities, total?
- Azerbaijan ranks 101st 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 6.6%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.