Current Account in Azerbaijan
Azerbaijan - Current AccountGDP grew 4.9% in the January-October period compared to the same period of 2020, speeding up slightly from the 4.8% increase registered in January-September. An acceleration in the industrial sector supported the economy, as did somewhat stronger retail trade activity. Meanwhile, in November the country secured USD 350 million from the Asian Development Bank and the Asian Infrastructure Investment Bank to boost its fight against the pandemic, while the European Bank for Reconstruction and Development agreed to help boost investment in the green economy: The government recently disclosed its new economic strategy, which aims to eliminate dependence on oil. On the military front, following a border clash, Azerbaijan and Armenia agreed on a ceasefire in mid-November, and they pledged to meet in Brussels in December in order to ease tensions.
Azerbaijan - Current Account Data
|Current Account (% of GDP)||-0.4||-3.6||4.1||12.8||9.1|
5 years of economic forecasts for more than 30 economic indicators.
Azerbaijan Current Account Chart
|Exchange Rate||1.70||-0.66 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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