Fitch: Azerbaijan's current account surplus to stand at $4B in 2025

Fitch: Azerbaijan's current account surplus to stand at $4B in 2025 Fitch: Azerbaijan's current account surplus to stand at $4B in 2025
Finance
June 27, 2025 17:16
Fitch: Azerbaijan's current account surplus to stand at $4B in 2025

According to forecasts of Fitch Ratings, in 2025, the current account surplus of the balance of payments of Azerbaijan will amount to $4 billion, or 5.3% of GDP, Report informs.

In 2026, the current account surplus will decrease to 4.9% of GDP, or $3.9 billion. According to the Central Bank of Azerbaijan (CBA), this indicator in the first quarter of this year amounted to $1.143 billion, and by the end of 2024 - $4.7 billion (6.3% of GDP). The CBA's expectations for the current year coincide with Fitch's forecasts, and for 2026, they amount to $3.5 billion.

The Azerbaijani government expects the current account surplus to be 5.6% of GDP in 2025 and around 3% of GDP per year in 2025-2028, taking into account forecasts for oil and gas production.

The World Bank forecasts Azerbaijan's current account surplus to be 11.6% of GDP in 2025. The bank expects this figure to decline in subsequent years: to 5.4% of GDP in 2026, to 3.8% of GDP in 2027, to 3.6% of GDP in 2028, and to 3.4% of GDP in 2029.

According to forecasts from the International Monetary Fund (IMF), the current account surplus will be $6.1 billion (7.8% of GDP) in 2025 and will decline to $3.4 billion (4.1% of GDP) in 2026.

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