Azerbaijan recorded a Current Account surplus of 5.60 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in Azerbaijan averaged -0.22 percent from 1992 until 2017, reaching an all time high of 35.30 percent in 2008 and a record low of -31.90 percent in 1998.

Current Account to GDP in Azerbaijan is expected to be 6.70 percent by the end of this quarter, 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 8.70 percent in 2020, according to our econometric models.

Azerbaijan Current Account to GDP
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Azerbaijan Trade Last Previous Highest Lowest Unit
Balance of Trade 2605062.00 2512400.00 8201764.00 -306551.00 USD Thousand [+]
Current Account 1967.00 1556.00 6029.00 -738.00 USD Million [+]
Current Account to GDP 5.60 -3.20 35.30 -31.90 percent [+]
Imports 2733003.00 2191100.00 3120490.00 312012.00 USD Thousand [+]
Exports 5338065.00 4703500.00 9996038.00 129728.00 USD Thousand [+]
Capital Flows 1326.00 463.00 4414.00 -2980.00 USD Million [+]
Crude Oil Production 797.00 794.00 1072.00 168.00 BBL/D/1K [+]
Gold Reserves 0.00 0.00 30.20 0.00 Tonnes [+]
Foreign Direct Investment 1036.00 1018.00 2231.00 586.00 USD Million [+]
External Debt 15253903.00 15016290.00 15253903.00 35540.00 USD Thousand [+]
Terrorism Index 1.15 0.35 2.93 0.09 [+]
Tourist Arrivals 13455.00 8949.00 23440.00 2009.00 [+]
Remittances 199.00 159.00 286.08 -170.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Azerbaijan Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Azerbaijan Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.60 -3.20 35.30 -31.90 1992 - 2017 percent Yearly




Country Last Previous
Singapore 19.50 Dec/17
Netherlands 10.20 Dec/17
Switzerland 9.80 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 4.02 Dec/17
Euro Area 3.50 Dec/17
Italy 2.80 Dec/17
Russia 2.20 Dec/17
Saudi Arabia 2.20 Dec/17
Spain 1.90 Dec/17
China 1.30 Dec/17
Brazil -0.48 Dec/17
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
India -1.90 Dec/17
United States -2.40 Dec/17
South Africa -2.50 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Argentina -4.80 Dec/17
Turkey -5.50 Dec/17


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