Crude Oil Production in Azerbaijan is expected to be 790.00 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 803.00 in 12 months time. In the long-term, the Azerbaijan Crude Oil Production is projected to trend around 803.00 BBL/D/1K in 2020, according to our econometric models.


Forecast Data Chart
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Azerbaijan Trade Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 2605062 2214500 2137000 2172500 2407500 2108900
Exports 5338065 4610000 4560000 4670000 4727000 4900000
Imports 2733003 2395500 2423000 2497500 2319500 2791100
Current Account 1967 1230 1315 1309 1300 1400
Current Account to GDP 5.6 6.7 8.2 8.2 8.2 8.7
Capital Flows 1326 320 250 280 310 350
Crude Oil Production 794 790 795 801 803 803
Gold Reserves 0 0 0 0 0 0
Foreign Direct Investment 1018 920 895 870 845 815
External Debt 14085341 15026620 15255607 15484594 15713581 18545153
Terrorism Index 1.15 1.6 1.4 1.7 1.9 0.9
Tourist Arrivals 13455 15000 17500 17500 17500 19000
Remittances 199 143 140 137 132 160