Azerbaijan vs Kazakhstan

Azerbaijan vs Kazakhstan: Government debt

Government debt: 20.1% of GDP in Azerbaijan in 2025 and 24.4% of GDP in Kazakhstan in 2024, by IMF estimates. In 2024 the value was higher in Kazakhstan, by 2.7 percentage points, or 1.13 times that in Azerbaijan.

% of GDP · IMF

Azerbaijan vs Kazakhstan: Government debtGovernment debt: 20.1% of GDP in Azerbaijan in 2025 and 24.4% of GDP in Kazakhstan in 2024, by IMF estimates. In 2024 the value was higher in Kazakhstan, by 2.7 percentage points, or 1.13 times that in Azerbaijan.
AzerbaijanKazakhstanIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Kazakhstan has been higher since 2022, when it overtook Azerbaijan.
  • The IMF projection (World Economic Outlook, October 2026) puts Azerbaijan at 16.7% of GDP and Kazakhstan at 29.8% of GDP in 2031.

Every year

% of GDP · IMF

YearAzerbaijanKazakhstan
202520.124.3
202421.624.4
202321.823
202217.323.5
202126.425.1
202021.326.4
201917.719.9
201818.720.3
201722.519.9
201620.619.7
20151821.9
20148.514.5
20136.212.6
20125.812.1
2011510.2
2010510.7
20094.710.2
20083.26.8
200744.1
20065.36.7
20056.98.1
20049.711.4
200310.715
200211.917.6
200113–
200013.1–
199925.4–
199814.3–
199711.4–
199616.7–
199519.2–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearAzerbaijanKazakhstan
202616.523.8
202716.425.1
202816.526.9
202916.528.3
203016.629
203116.729.8

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 Kazakhstan

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