In the third quarter of this year, Azerbaijan's public external debt increased by 17.2 million or 0.34%, to 5 billion 5.1 mln. manat ($ 6 billion 380.7 million).
According to the Ministry of Finance, the amount of external borrowing is 8.5% of GDP.
The amount of external debt per capita is $ 529. Over the past four years, the external debt per capita of the population grew by 27%. In October 2010, the figure was $ 415.3.
The structure of external debt by currency is as follows: US dollars - 63.7%, 21.7% Euro, IMF special drawing right - 10.4%. According to the Ministry of Finance, 61.3% of the current external debt was borrowed as repayable within 10-20 years, 31.3% for over 20 years, and the remaining 7.4% - up to 10 years. --08D--
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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