Azerbaijan recorded a Current Account surplus of 7.90 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Azerbaijan averaged 0.09 percent from 1992 until 2018, reaching an all time high of 35.30 percent in 2008 and a record low of -31.90 percent in 1998. This page provides - Azerbaijan Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Azerbaijan Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Azerbaijan is expected to reach 10.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Current Account to GDP is projected to trend around 7.50 percent in 2021 and 6.60 percent in 2022, according to our econometric models.

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Azerbaijan Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
7.90 5.50 35.30 -31.90 1992 - 2018 percent Yearly

Azerbaijan Trade Last Previous Highest Lowest Unit
Balance of Trade 1873068.00 1636262.10 8201764.00 -306551.00 USD Thousand [+]
Current Account 646.00 362.00 6029.00 -738.00 USD Million [+]
Current Account to GDP 7.90 5.50 35.30 -31.90 percent [+]
Imports 2590101.00 3212064.50 4754916.00 312012.00 USD Thousand [+]
Exports 4463169.00 4848326.50 9996038.00 129728.00 USD Thousand [+]
Capital Flows 1394.00 -490.00 4414.00 -2980.00 USD Million [+]
Crude Oil Production 644.00 646.00 1072.00 168.00 BBL/D/1K [+]
Gold Reserves 0.00 0.00 30.20 0.00 Tonnes [+]
Foreign Direct Investment 915.00 809.00 2231.00 586.00 USD Million [+]
External Debt 16212184.50 15253903.00 16212184.50 35540.00 USD Thousand [+]
Remittances 66.00 121.00 286.08 -170.00 USD Million [+]
Terrorism Index 0.70 0.96 2.93 0.09 [+]
Tourist Arrivals 12777.00 13455.00 23440.00 2009.00 [+]


Azerbaijan Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.