Current Account in Azerbaijan

Azerbaijan Current Account | Economic News & Forecasts

Azerbaijan - Current Account

Economic growth picked up slightly in the third quarter, after slowing in the second quarter. The acceleration reflected a notable upturn in non-oil and gas activity. On the demand side, private consumption likely led the overall expansion as hinted by robust retail sales growth in the quarter. Moreover, capital investment fell less sharply in Q3, likely supported by the Central Bank’s policy rate cuts. Conversely, the external sector remained lackluster amid a subsequent drop in merchandise exports in Q3. Turning to the fourth quarter, economic activity likely lost steam. GDP growth decelerated in October–November amid marked weaknesses in the oil and gas sector. On the other hand, the non-oil economy remained upbeat as household consumption likely benefited from rising wages; however, a sharper fall in capital investment in the same period is expected to have taken a toll.

Azerbaijan - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)16.7  13.9  -0.4  -3.6  4.1  

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Azerbaijan Current Account Chart

Azerbaijan Current Account
Note: Current account balance as % of GDP.

Azerbaijan Facts

Exchange Rate1.70-0.66 %Jan 01
Stock Market0.10.0 %Jan 07

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