Deficit of Azerbaijan's balance of payments observed in 1Q2020

Deficit of Azerbaijan's balance of payments observed in 1Q2020 In the first quarter of 2020, the total deficit of Azerbaijan's balance of payments stood at $1,343.5 million. However, in the same period last year, the balance of payments observed a surplus of $2,019.3 million.
Finance
June 15, 2020 09:43
Deficit of Azerbaijan's balance of payments observed in 1Q2020

In the first quarter of 2020, the total deficit of Azerbaijan's balance of payments stood at $1,343.5 million. However, in the same period last year, the balance of payments observed a surplus of $2,019.3 million.

The overall loss is due to the residue of $646.3 million in the country's current account balance (59.7% less by annual comparison), the financial account deficit of $1,394.1 million (6.5 times more), and the shortage of $ 595.7 million on balancing items, the Central Bank of Azerbaijan told Report. 

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