Remittances in Azerbaijan decreased to 105 USD Million in the first quarter of 2021 from 238 USD Million in the fourth quarter of 2020. source: Central Bank of the Republic of Azerbaijan

Remittances in Azerbaijan averaged 101.04 USD Million from 2002 until 2021, 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. This page provides - Azerbaijan Remittances- actual values, historical data, forecast, chart, statistics, economic calendar and news. Azerbaijan Remittances - values, historical data and charts - was last updated on September of 2021.

Remittances in Azerbaijan is expected to be 160.00 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 160.00 in 12 months time. In the long-term, the Azerbaijan Remittances is projected to trend around 160.00 USD Million in 2022, according to our econometric models.

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Azerbaijan Remittances

Actual Previous Highest Lowest Dates Unit Frequency
105.00 238.00 286.08 -170.00 2002 - 2021 USD Million Quarterly

Azerbaijan Trade Last Previous Highest Lowest Unit
Balance of Trade 1548839.00 167956.80 8201764.00 -306551.00 USD Thousand [+]
Current Account 628.00 -20.00 6029.00 -806.00 USD Million [+]
Current Account to GDP -0.50 9.10 35.30 -31.90 percent of GDP [+]
Imports 2291785.00 2657072.70 4754916.00 312012.00 USD Thousand [+]
Exports 3840624.00 2825029.50 9996038.00 129728.00 USD Thousand [+]
Capital Flows -15.00 295.00 4414.00 -2980.00 USD Million [+]
Crude Oil Production 669.90 692.73 1072.00 168.00 BBL/D/1K [+]
Gold Reserves 0.00 0.00 30.20 0.00 Tonnes [+]
External Debt 15840362.60 16212184.50 16212184.50 35540.00 USD Thousand [+]
Foreign Direct Investment 1400.00 1136.00 2231.00 586.00 USD Million [+]
Remittances 105.00 238.00 286.08 -170.00 USD Million [+]
Terrorism Index 0.30 0.70 2.93 0.09 [+]
Tourist Arrivals 30950.00 12777.00 30950.00 2009.00 [+]


Azerbaijan Remittances
In Azerbaijan, Remittances refers to net migrants’ and short-term employee income transfers (personal remittances).