Current Account Balance in Azerbaijan
The current account balance in Azerbaijan averaged 9.8% of GDP in the decade to 2022, vastly surpassing the Eastern Europe average of 0.4% of GDP. The 2022 reading was 29.8% of GDP. For more current account information, visit our dedicated page.
Azerbaijan Current Account Chart
Note: This chart displays Current Account (% of GDP) for Azerbaijan from 2021 to 2020.
Source: Macrobond.
Azerbaijan Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | 9.1 | -0.5 | 15.2 | 29.8 | 11.5 |
| Current Account Balance (USD bn) | 4.4 | -0.2 | 8.3 | 23.5 | 8.3 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Azerbaijani current account projections for the next ten years from a panel of 10 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Azerbaijani current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Azerbaijani current account projections.
Want to get access to the full dataset of Azerbaijani current account forecasts? Send an email to info@focus-economics.com.