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Azerbaijan ranks among world’s lowest-debt economies with $89 bln in reserves

Azerbaijan’s external debt position offers a compelling example of how fiscal discipline and accumulated financial reserves can strengthen a country’s economic independence. Thus, currently, Azerbaijan ranks among the world’s top three countries with the lowest external debt relative to gross domestic product (GDP), while holding the leading position in Europe. With the ratio slightly above 5%, Azerbaijan occupies a distinctive position in the international financial landscape. This achievement deserves recognition as a strategic economic advantage, particularly at a time when governments worldwide face rising financing costs and mounting fiscal pressures.