Remittances in Azerbaijan increased to 199 USD Million in the second quarter of 2018 from 159 USD Million in the first quarter of 2018. Remittances in Azerbaijan averaged 95.08 USD Million from 2002 until 2018, reaching an all time high of 286.08 USD Million in the fourth quarter of 2008 and a record low of -170 USD Million in the second quarter of 2012.
Remittances in Azerbaijan is expected to be 143.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Remittances in Azerbaijan to stand at 132.00 in 12 months time. In the long-term, the Azerbaijan Remittances is projected to trend around 160.00 USD Million in 2020, according to our econometric models.