Remittances in Azerbaijan decreased to 66 USD Million in the first quarter of 2020 from 121 USD Million in the fourth quarter of 2019.

Remittances in Azerbaijan averaged 98.69 USD Million from 2002 until 2020, reaching an all time high of 286.08 USD Million in the fourth quarter of 2008 and a record low of -170 USD Million in the second quarter of 2012. This page provides - Azerbaijan Remittances- actual values, historical data, forecast, chart, statistics, economic calendar and news. Azerbaijan Remittances - values, historical data and charts - was last updated on October of 2020.

Remittances in Azerbaijan is expected to be 128.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Remittances in Azerbaijan to stand at 160.00 in 12 months time. In the long-term, the Azerbaijan Remittances is projected to trend around 160.00 USD Million in 2021, according to our econometric models.

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Azerbaijan Remittances

Actual Previous Highest Lowest Dates Unit Frequency
66.00 121.00 286.08 -170.00 2002 - 2020 USD Million Quarterly

Azerbaijan Trade Last Previous Highest Lowest Unit
Balance of Trade 1873068.00 1636262.10 8201764.00 -306551.00 USD Thousand [+]
Current Account 646.00 362.00 6029.00 -738.00 USD Million [+]
Current Account to GDP 7.90 5.50 35.30 -31.90 percent [+]
Imports 2590101.00 3212064.50 4754916.00 312012.00 USD Thousand [+]
Exports 4463169.00 4848326.50 9996038.00 129728.00 USD Thousand [+]
Capital Flows 1394.00 -490.00 4414.00 -2980.00 USD Million [+]
Crude Oil Production 644.00 646.00 1072.00 168.00 BBL/D/1K [+]
Gold Reserves 0.00 0.00 30.20 0.00 Tonnes [+]
Foreign Direct Investment 915.00 809.00 2231.00 586.00 USD Million [+]
External Debt 15840362.60 16212184.50 16212184.50 35540.00 USD Thousand [+]
Remittances 66.00 121.00 286.08 -170.00 USD Million [+]
Terrorism Index 0.70 0.96 2.93 0.09 [+]
Tourist Arrivals 12777.00 13455.00 23440.00 2009.00 [+]


Azerbaijan Remittances
In Azerbaijan, Remittances refers to net migrants’ and short-term employee income transfers (personal remittances).