Fiscal Balance in Azerbaijan

Azerbaijan Fiscal Balance | Economic News & Forecasts

Azerbaijan - Fiscal Balance

Growth appears to have shifted into a higher gear at the outset of the third quarter, following a somewhat weak expansion in the second quarter. The second-quarter slowdown was driven by tumbling crude oil production, which weighed on overall industrial sector output and dented the external sector, largely offsetting gains from a spike in natural gas production. In July, economic activity seemingly picked up slightly, on an upturn in the oil and gas sector. Higher oil and gas output supported stronger industrial production growth in July, while booming capital investment into the oil and gas sector boded well for overall investment activity growth. In addition, an acceleration in retail sales suggested consumer demand strengthened somewhat in July. That said, the agricultural sector lost momentum in July, following robust output growth in the second quarter.

Azerbaijan - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)0.6  -0.5  -1.2  -0.4  -1.6  

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Azerbaijan Fiscal Balance Chart

Azerbaijan Fiscal
Note: Fiscal balance as % of GDP
Source: State Statistical Committee

Azerbaijan Facts

Exchange Rate1.70-0.66 %Sep 04
Stock Market0.10.0 %Sep 04

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