BAKU, July 23 — As of July 1, 2025, Azerbaijan’s strategic currency reserves have climbed to $77.67 billion, marking an 11.4% increase compared to the same period last year—an absolute rise of $7.93 billion.
The figure includes the combined reserves of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan, according to APA.
At the same time, Azerbaijan’s external public debt stood at $5.01 billion (8.52 billion manats), accounting for just 6.6% of the country’s projected GDP for the year.
This means that as of mid-2025, Azerbaijan’s strategic currency reserves exceed its external debt by a factor of 15.5—a significant improvement from previous years. For comparison:
-
In 2023, reserves surpassed debt 10.5 times.
-
In 2024, the ratio rose to 13.9 times.
The figures underscore Azerbaijan’s continued fiscal resilience and disciplined debt management, bolstered by strong energy revenues and conservative financial planning.
