Azerbaijan vs Belgium

Azerbaijan vs Belgium: Government debt

Government debt in 2025: 20.1% of GDP in Azerbaijan and 107.9% of GDP in Belgium, by IMF estimates. In 2025 the value was higher in Belgium, by 87.8 percentage points, or 5.36 times that in Azerbaijan.

Watch it change on the map

% of GDP · IMF

Azerbaijan vs Belgium: Government debtGovernment debt in 2025: 20.1% of GDP in Azerbaijan and 107.9% of GDP in Belgium, by IMF estimates. In 2025 the value was higher in Belgium, by 87.8 percentage points, or 5.36 times that in Azerbaijan.
AzerbaijanBelgiumIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Belgium has been higher in every year both have figures for since 1995.
  • In 2025, Azerbaijan ranked 141 and Belgium ranked 9 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Azerbaijan at 16.7% of GDP and Belgium at 122.1% of GDP in 2031.

Every year

% of GDP · IMF

YearAzerbaijanBelgium
202520.1107.9
202421.6103.9
202321.8102.5
202217.3103.3
202126.4108.7
202021.3111.4
201917.797.7
201818.7100.1
201722.5102.5
201620.6105.5
201518105.6
20148.5106.6
20136.2105
20125.8104.3
20115102.7
20105100.2
20094.799.9
20083.293.2
2007487.3
20065.391.5
20056.995.1
20049.797.2
200310.7101.7
200211.9105.4
200113108.2
200013.1109.6
199925.4115.4
199814.3119.2
199711.4124.3
199616.7129
199519.2131.3
1994–137.1
1993–138.9
1992–134.7
1991–131.8
1990–130.3
1989–126.4
1988–129.7
1987–129.2
1986–124.7
1985–119.4
1984–114.6
1983–110.3
1982–99.6
1981–89.7
1980–76.8
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearAzerbaijanBelgium
202616.5109.8
202716.4111.6
202816.5114.1
202916.5116.4
203016.6119.3
203116.7122.1

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Azerbaijan vs Belgium

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