Money in Azerbaijan

Azerbaijan Money | Economic News & Forecasts

Azerbaijan - Money

The economy continued to falter at the outset of Q3, after it shrank 2.7% on an annual basis during the first half of the year as the Covid-19 fallout hammered activity in Q2. Industrial output fell more sharply in July compared to January–June, as a marked decline in oil and gas production outweighed the solid increase in output in the non-oil and gas sector. In addition, retail sales continued to slip in July, hinting at weak consumer demand. Moreover, authorities recently extended some lockdown restrictions until the end of September due to rising Covid-19 infections, which could weigh on activity further. Meanwhile, President Aliyev approved a revised 2020 budget in mid-August to take into account the blow to public finances dealt by the pandemic and low oil prices, with a budget deficit now estimated at roughly 12.5% of GDP, down substantially from the original 2.3% of GDP.

Azerbaijan - Money Data

2015   2016   2017   2018   2019  
Money (annual variation of M2 in %)-50.2  33.0  0.0  -     -     

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Azerbaijan Money Chart


Azerbaijan Money
Note: Money, annual variation of wide money in %.
Source: National Bank of Azerbaijan

Azerbaijan Facts

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

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form