Azerbaijan Crude Oil Production - Forecast

Crude Oil Production in Azerbaijan is expected to be 798.91 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Azerbaijan to stand at 797.85 in 12 months time. In the long-term, the Azerbaijan Crude Oil Production is projected to trend around 797.87 BBL/D/1K in 2020, according to our econometric models.


Azerbaijan Crude Oil Production
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Azerbaijan Trade Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 2512400 2223377 1757447 2201230 2233319 2153241
Exports 4703500 4540203 4437791 4610979 4562553 4562114
Imports 2191100 2316826 2680344 2394907 2329234 2408874
Current Account 622 298 309 259 344 290
Current Account to GDP 5.6 1.3 1.3 1.3 3.2 4
Capital Flows 480 95.76 89.86 94.19 107 123
Crude Oil Production 792 799 798 798 798 798
Gold Reserves 0 -4.09 -4.81 -5.08 -5.46 -6.93
Foreign Direct Investment 1214 1300 1293 1287 1287 1292
Terrorism Index 1.15 1.59 1.74 1.9 1.84 0.94
Tourist Arrivals 8949 9500 9600 9700 11600 15800
Remittances 200 137 132 124 119 96.36