Azerbaijan recorded a Current Account surplus of 963 USD Million in the fourth quarter of 2018. Current Account in Azerbaijan averaged 1375.12 USD Million from 1999 until 2018, reaching an all time high of 6029 USD Million in the second quarter of 2008 and a record low of -738 USD Million in the first quarter of 2004.
Current Account in Azerbaijan is expected to be 1308.70 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Azerbaijan to stand at 1315.00 in 12 months time. In the long-term, the Azerbaijan Current Account is projected to trend around 1400.00 USD Million in 2020, according to our econometric models.