Current account balance as a share of GDP in Azerbaijan
Azerbaijan: Current account balance as a share of GDP was 6.3% in 2024. ◆ Volatile
Current account balance as a share of GDP in Azerbaijan, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share of gdp in Azerbaijan is 6.3%, measured in 2024.
That represents a change of down 45.3% on the previous year and down 53.6% over ten years.
Over the whole period, current account balance as a share of gdp in Azerbaijan peaked at 33.7% in 2008 and was at its lowest, -29.8%, in 2004.
Azerbaijan ranks 27th of 193 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 share of GDP in Azerbaijan, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -3.2% | — |
| 2001 | -0.9% | -71.4% |
| 2002 | -12.3% | +1253.8% |
| 2003 | -27.8% | +125.4% |
| 2004 | -29.8% | +7.4% |
| 2005 | 1.3% | -104.2% |
| 2006 | 17.7% | +1302.4% |
| 2007 | 27.3% | +54.4% |
| 2008 | 33.7% | +23.4% |
| 2009 | 23.0% | -31.8% |
| 2010 | 28.4% | +23.8% |
| 2011 | 26.0% | -8.5% |
| 2012 | 21.5% | -17.3% |
| 2013 | 16.5% | -23.3% |
| 2014 | 13.6% | -17.7% |
| 2015 | -0.4% | -103.1% |
| 2016 | -3.6% | +757.1% |
| 2017 | 4.1% | -214.4% |
| 2018 | 12.7% | +207.8% |
| 2019 | 8.7% | -31.4% |
| 2020 | -0.7% | -108.5% |
| 2021 | 15.0% | -2121.6% |
| 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)
- Services, value added (constant LCU), per capita 1,085 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 0.5729 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 2.26 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.904 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 6,699 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 2.26 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.54 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11,388 current LCU per person (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Azerbaijan?
- Current account balance as a share of gdp in Azerbaijan was 6.3% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Azerbaijan?
- The highest recorded value was 33.7% in 2008.
- What is the lowest current account balance as a share of gdp recorded in Azerbaijan?
- The lowest recorded value was -29.8% in 2004.
- How does Azerbaijan rank for current account balance as a share of gdp?
- Azerbaijan ranks 27th out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Azerbaijan?
- Over the last ten years it is down 53.6%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Current account balance as a proportion of GDP (%).