Azerbaijan’s balance of services and initial income remains with deficit

In the first quarter of 2019, surplus in the current account balance amounted to $1,602,700,000, which was formed from $2,486,200,000-surplus in the foreign trade balance, $500.4 million-deficit in the balance of services, $516.5 million-deficit in the balance of initial income (including $412.9 million-deficit in reparation of the investment incomes) and $133.4 million-surplus in the balance of recurring revenues, Report informs citing the Central Bank of Azerbaijan.

In 2018, surplus in the foreign trade balance grew by 3%, deficit in the balance of services – by 0.6%, deficit in the balance of initial income declined by 2.1% (including deficit in reparation of the investment incomes boosted 33.5%) and surplus in the balance of recurring revenues fell by 20.1%.