Azerbaijan recorded a Current Account deficit of 0.50 percent of the country's Gross Domestic Product in 2020. source: IMF

Current Account to GDP in Azerbaijan averaged 0.50 percent from 1992 until 2020, reaching an all time high of 35.30 percent in 2008 and a record low of -31.90 percent in 1998. This page provides - Azerbaijan Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Azerbaijan Current Account to GDP - values, historical data and charts - was last updated on July of 2021.

Current Account to GDP in Azerbaijan is expected to reach -4.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Current Account to GDP is projected to trend around 6.60 percent of GDP in 2022, according to our econometric models.

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Azerbaijan Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 9.10 35.30 -31.90 1992 - 2020 percent of GDP Yearly

Azerbaijan Trade Last Previous Highest Lowest Unit
Balance of Trade 1548839.00 167956.80 8201764.00 -306551.00 USD Thousand [+]
Current Account 628.00 -20.00 6029.00 -806.00 USD Million [+]
Current Account to GDP -0.50 9.10 35.30 -31.90 percent of GDP [+]
Imports 2291785.00 2657072.70 4754916.00 312012.00 USD Thousand [+]
Exports 3840624.00 2825029.50 9996038.00 129728.00 USD Thousand [+]
Capital Flows 296.00 1157.00 4414.00 -2980.00 USD Million [+]
Crude Oil Production 726.71 732.52 1072.00 168.00 BBL/D/1K [+]
Gold Reserves 0.00 0.00 30.20 0.00 Tonnes [+]
External Debt 15840362.60 16212184.50 16212184.50 35540.00 USD Thousand [+]
Foreign Direct Investment 1136.00 1284.00 2231.00 586.00 USD Million [+]
Remittances 105.00 238.00 286.08 -170.00 USD Million [+]
Terrorism Index 0.30 0.70 2.93 0.09 [+]
Tourist Arrivals 30950.00 12777.00 30950.00 2009.00 [+]


Azerbaijan Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.