Azerbaijan Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Azerbaijan's current account balance was 4.27% in 2025, ranked 34th globally. This represents a 32.1% decrease from 2024. Data from World Bank, covering 1992–2025.
Overview
Azerbaijan's current account balance stood at 4.27% in 2025, a decline of +2.02% from 2024. The IMF projects 4.27% by 2025. Azerbaijan ranked 34th globally.
Azerbaijan’s current account balance has undergone significant fluctuations over the past three decades, reflecting its dependence on energy exports and external market conditions. The country recorded its strongest position in 2008 with a surplus of 33.68% of GDP, driven by high oil prices and robust export revenues. In contrast, the balance reached its lowest point in 1998 at -30.69%, amid post-Soviet economic instability and weak fiscal management. After a period of volatility, Azerbaijan posted a surplus of 4.27% of GDP in 2025, ranking 34th globally, placing it between peer economies such as Vietnam at 4.05% and Korea at 4.80%. This recent surplus reflects continued, though diminished, energy-related inflows and moderate import demand. While the current account remains positive, its trajectory is sensitive to global energy prices and regional trade dynamics. Sustained diversification efforts and improved non-oil exports would be necessary to strengthen the balance in the coming years, particularly if hydrocarbon revenues decline.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -0.75% | - | - |
| 2029* IMF | -0.62% | - | - |
| 2028* IMF | -0.20% | - | - |
| 2027* IMF | 0.61% | - | - |
| 2026* IMF | 2.26% | - | - |
| 2025* IMF | 4.27% | - | - |
| 2025 | 4.27% | −2.02% | #34 |
| 2024 | 6.29% | −5.21% | #167 |
| 2023 | 11.50% | −18.29% | #179 |
| 2022 | 29.79% | +14.67% | #194 |
| 2021 | 14.96% | +15.50% | #186 |
| 2020 | -0.74% | −9.80% | #111 |
| 2019 | 8.70% | −4.14% | #181 |
| 2018 | 12.68% | +8.61% | #180 |
| 2017 | 4.12% | +7.73% | #164 |
| 2016 | -3.60% | −3.18% | #87 |
| 2015 | -0.42% | −14.28% | #129 |
| 2014 | 13.57% | −3.04% | #185 |
| 2013 | 16.49% | −4.91% | #185 |
| 2012 | 21.49% | −4.51% | #185 |
| 2011 | 26.00% | −2.43% | #188 |
Detected Pattern
Analysis
Azerbaijan matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw current account balance improve within 24 months. View full analysis →
Frequently Asked Questions
Azerbaijan's current account balance was 4.27% in 2025. Ranked 34th globally. This represents a 32.1% decrease from the previous year.
Azerbaijan's current account balance peaked at 33.68% in 2008.
The lowest current account balance in Azerbaijan was -30.69% in 1998.
Azerbaijan ranks 34th globally in current account balance as of 2025.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
Azerbaijan's current account balance is projected to reach 4.27% by 2025 based on IMF projection.
The current account balance of Azerbaijan in 2025 was 4.27%. This ranks 34th in the world.
Cite this page
@misc{historysaid_azerbaijan_current-account,
title = {Azerbaijan Current Account Balance},
url = {https://historysaid.com/azerbaijan/current-account/},
publisher = {HistorySaid},
year = {2026}
}