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 204 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% |
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
- 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)
- Gross capital formation (current US$), annual growth rate -6.9 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.1889 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 1,400 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate -6.9 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 0.3211 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 2,380 current LCU per person (2025)
- Imports of goods and services (current US$), annual growth rate 2.24 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.3681 current US$ per US$ of GDP (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 204 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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