Current Account in Azerbaijan

Azerbaijan Current Account | Economic News & Forecasts

Azerbaijan - Current Account

GDP 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

2015   2016   2017   2018   2019  
Current Account (% of GDP)-0.4  -3.6  4.1  12.8  9.1  

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Azerbaijan Current Account Chart

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

Azerbaijan Facts

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

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