Current account balance as a proportion of GDP (%) in Azerbaijan
Azerbaijan: Current account balance as a proportion of GDP (%) was 6.3% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Azerbaijan, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, current account balance as a proportion of gdp in Azerbaijan stood at 6.3%.
That represents a change of down 45.3% on the previous year and down 53.7% over ten years.
Over the whole period, current account balance as a proportion of gdp in Azerbaijan peaked at 33.7% in 2008 and was at its lowest, -29.8%, in 2004.
Azerbaijan ranks 26th of 205 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Azerbaijan, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -3.2% | — |
| 2001 | -0.9% | -71.5% |
| 2002 | -12.3% | +1258.8% |
| 2003 | -27.8% | +125.4% |
| 2004 | -29.8% | +7.4% |
| 2005 | 1.3% | -104.2% |
| 2006 | 17.7% | +1298.9% |
| 2007 | 27.3% | +54.4% |
| 2008 | 33.7% | +23.4% |
| 2009 | 23.0% | -31.8% |
| 2010 | 28.4% | +23.7% |
| 2011 | 26.0% | -8.6% |
| 2012 | 21.5% | -17.3% |
| 2013 | 16.5% | -23.3% |
| 2014 | 13.6% | -17.7% |
| 2015 | -0.4% | -103.1% |
| 2016 | -3.6% | +758.9% |
| 2017 | 4.1% | -214.5% |
| 2018 | 12.7% | +207.7% |
| 2019 | 8.7% | -31.4% |
| 2020 | -0.7% | -108.5% |
| 2021 | 15.0% | -2119.5% |
| 2022 | 29.8% | +99.1% |
| 2023 | 11.5% | -61.4% |
| 2024 | 6.3% | -45.3% |
Azerbaijan compared with similar countries
- Azerbaijan's 6.3% is above the median for upper middle income countries, which is -2.1%. (53 countries reporting)
- Azerbaijan's 6.3% is above the median for Europe & Central Asia, which is -0.7%. (50 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Azerbaijan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +2119.5% | -0.7% | 15.0% |
| 2006 | +1298.9% | 1.3% | 17.7% |
| 2002 | -1258.8% | -0.9% | -12.3% |
| 2016 | -758.9% | -0.4% | -3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.9% | -29.8% | 33.7% | 10 |
| 2010s | 12.7% | -3.6% | 28.4% | 10 |
| 2020s | 12.4% | -0.7% | 29.8% | 5 |
Countries ranked near Azerbaijan
More economy & growth data for Azerbaijan
- Real gdp growth, annual growth rate 206.94 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.06 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.42 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -4 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0074 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 55.19 units per person (2025)
- SDRs holdings, SDR, annual growth rate -8.58 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0054 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 40.3 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Azerbaijan?
- Current account balance as a proportion of gdp in Azerbaijan was 6.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Azerbaijan?
- The highest recorded value was 33.7% in 2008.
- What is the lowest current account balance as a proportion of gdp recorded in Azerbaijan?
- The lowest recorded value was -29.8% in 2004.
- How does Azerbaijan rank for current account balance as a proportion of gdp?
- Azerbaijan ranks 26th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Azerbaijan?
- Over the last ten years it is down 53.7%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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