Current Account Balance: Azerbaijan
Azerbaijan's current account balance is currently 2.3 % of GDP as of 2026. # Azerbaijan Current Account Balance Azerbaijan's current account balance stands at 2.
Current (2026)
2.3 % of GDP
-46.5% y/y
Peak (2008)
33.7 % of GDP
Low (1998)
-31.9 % of GDP
Source
IMF World Economic Outlook
1992–2026 · 39 pts
Current Account Balance — Azerbaijan
1992 — 2026
Current Account Balance — Azerbaijan
Analysis# Azerbaijan Current Account Balance
Azerbaijan's current account balance stands at 2.3% of GDP in 2026, a substantial decline from its all-time peak of 33.7% in 2008. Since 1992, the metric has grown 113.9% overall, recovering dramatically from its low of -31.9% in 1998. The country has shifted from persistent deficits in the 1990s to predominantly positive balances, reflecting structural improvements in its external finances over three decades.
The 2008 peak coincided with oil price surges that boosted export revenues. Recent volatility reveals energy price sensitivity: 2022 saw a spike to 29.8% amid elevated oil prices, while 2023-2026 shows steady contraction to 2.3%. This downward trajectory from 2022 onward suggests moderating external surpluses as commodity prices normalize and import pressures increase, pointing toward equilibrium around 2-3% of GDP in coming years.
Historical Data
39 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | -0.8 % of GDP | -33.33% |
| 2029 | -0.6 % of GDP | -200.00% |
| 2028 | -0.2 % of GDP | -133.33% |
| 2027 | 0.6 % of GDP | -73.91% |
| 2026 | 2.3 % of GDP | -46.51% |
| 2025 | 4.3 % of GDP | -31.75% |
| 2024 | 6.3 % of GDP | -45.22% |
| 2023 | 11.5 % of GDP | -61.41% |
| 2022 | 29.8 % of GDP | +97.35% |
| 2021 | 15.1 % of GDP | +3120.00% |
| 2020 | -0.5 % of GDP | -105.49% |
| 2019 | 9.1 % of GDP | -28.91% |
| 2018 | 12.8 % of GDP | +212.20% |
| 2017 | 4.1 % of GDP | +213.89% |
| 2016 | -3.6 % of GDP | -800.00% |
| 2015 | -0.4 % of GDP | -102.88% |
| 2014 | 13.9 % of GDP | -16.27% |
| 2013 | 16.6 % of GDP | -22.43% |
| 2012 | 21.4 % of GDP | -17.69% |
| 2011 | 26 % of GDP | -8.45% |
Show all 39 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 28.4 % of GDP | +23.48% |
| 2009 | 23 % of GDP | -31.75% |
| 2008 | 33.7 % of GDP | +23.44% |
| 2007 | 27.3 % of GDP | +54.24% |
| 2006 | 17.7 % of GDP | +1261.54% |
| 2005 | 1.3 % of GDP | +104.36% |
| 2004 | -29.8 % of GDP | -7.19% |
| 2003 | -27.8 % of GDP | -126.02% |
| 2002 | -12.3 % of GDP | -1266.67% |
| 2001 | -0.9 % of GDP | +74.29% |
| 2000 | -3.5 % of GDP | +73.28% |
| 1999 | -13.1 % of GDP | +58.93% |
| 1998 | -31.9 % of GDP | -50.47% |
| 1997 | -21.2 % of GDP | +18.15% |
| 1996 | -25.9 % of GDP | -96.21% |
| 1995 | -13.2 % of GDP | -140.00% |
| 1994 | -5.5 % of GDP | +54.92% |
| 1993 | -12.2 % of GDP | +26.51% |
| 1992 | -16.6 % of GDP | — |
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