Current Account in Azerbaijan

Azerbaijan Current Account | Economic News & Forecasts

Azerbaijan - Current Account

The economy picked up last year on improving non-oil activities, although protracted weakness in the oil sector—which has seen production shrink over the years—kept the overall pace of expansion sluggish. Growth was supported by an upturn in the services sector and robust agricultural output. Meanwhile, on the demand side, higher wages coupled with declining inflation likely shored up private consumption. Prospects appear more upbeat going into 2019: Growth picked up in January, with a boost in oil output and solid performances by the non-oil sectors.

Azerbaijan - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)15.9  13.2  -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 %Mar 11
Stock Market0.10.0 %Mar 11

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