External balance on goods and services in Azerbaijan
Azerbaijan: External balance on goods and services was 6.2% in 2025. ◆ Volatile
External balance on goods and services in Azerbaijan, 1990–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Azerbaijan recorded 6.2% for external balance on goods and services in 2025.
Compared with earlier readings it is down 31.7% on the previous year and up 108.0% over ten years.
Over the whole period, external balance on goods and services in Azerbaijan peaked at 42.3% in 2008 and was at its lowest, -31.8%, in 1998.
Azerbaijan ranks 29th 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.
External balance on goods and services in Azerbaijan, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 4.6% | — |
| 1991 | 4.5% | -4.0% |
| 1992 | 31.6% | +609.7% |
| 1993 | -18.6% | -158.7% |
| 1994 | -5.9% | -68.2% |
| 1995 | -20.9% | +254.2% |
| 1996 | -31.0% | +48.1% |
| 1997 | -24.0% | -22.5% |
| 1998 | -31.8% | +32.6% |
| 1999 | -13.9% | -56.4% |
| 2000 | 1.8% | -112.9% |
| 2001 | 4.2% | +133.2% |
| 2002 | -7.3% | -274.1% |
| 2003 | -23.5% | +223.2% |
| 2004 | -23.9% | +1.7% |
| 2005 | 10.0% | -142.0% |
| 2006 | 27.7% | +176.3% |
| 2007 | 39.6% | +42.8% |
| 2008 | 42.3% | +6.8% |
| 2009 | 28.5% | -32.6% |
| 2010 | 33.6% | +17.9% |
| 2011 | 32.3% | -3.8% |
| 2012 | 27.7% | -14.4% |
| 2013 | 22.2% | -20.0% |
| 2014 | 17.1% | -23.0% |
| 2015 | 3.0% | -82.5% |
| 2016 | 2.8% | -7.0% |
| 2017 | 6.7% | +140.9% |
| 2018 | 16.5% | +146.7% |
| 2019 | 12.3% | -25.6% |
| 2020 | -0.8% | -106.3% |
| 2021 | 16.7% | -2265.5% |
| 2022 | 33.0% | +97.7% |
| 2023 | 14.5% | -56.2% |
| 2024 | 9.1% | -37.0% |
| 2025 | 6.2% | -31.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -10.5% | -31.8% | 31.6% | 10 |
| 2000s | 9.9% | -23.9% | 42.3% | 10 |
| 2010s | 17.4% | 2.8% | 33.6% | 10 |
| 2020s | 13.1% | -0.8% | 33.0% | 6 |
Countries ranked near Azerbaijan
- 26 Aruba 7.8% compare
- 27 South Sudan 7.8% compare
- 28 Zambia 7.4% compare
- 30 Costa Rica 6.2% compare
- 31 Viet Nam 6.2% compare
- 32 Kazakhstan 6.0% compare
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)
- Households and NPISHs Final consumption expenditure (current LCU) 8.26 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 1.01 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 7,479 current LCU per person (2025)
- Final consumption expenditure (current US$), annual growth rate 8.86 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.749 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 5,550 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 8.86 % change on previous year (2025)
- Final consumption expenditure (current LCU), per unit of GDP 1.27 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is external balance on goods and services in Azerbaijan?
- External balance on goods and services in Azerbaijan was 6.2% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Azerbaijan?
- The highest recorded value was 42.3% in 2008.
- What is the lowest external balance on goods and services recorded in Azerbaijan?
- The lowest recorded value was -31.8% in 1998.
- How does Azerbaijan rank for external balance on goods and services?
- Azerbaijan ranks 29th out of 193 countries with data for 2025.
- Is external balance on goods and services rising or falling in Azerbaijan?
- Over the last ten years it is up 108.0%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.