As of January 1, 2022, the direct foreign national debt of Azerbaijan as part of loan agreements signed with various international financial and credit institutions and foreign banks amounted to US $ 7,393.4 million or 13.5% of gross domestic product (GDP ) For 2021, the conditional obligations under state guarantees issued on the external debt attracted state-owned enterprises amounted to $ 742.3 million or 1.4% of GDP, a total of an external public debt amounted to $ 8,135.7 million (US 13,830.7 million manat) or 14.9% GDP.
According to the Ministry of Finance, taking into account the funds raised over the past year, completed by the end of 2021, compared with the beginning of 2021, external public debt in absolute terms decreased by 685.8 million US dollars, the attitude of external public debt GDP decreased by 5.8 percentage points.