IMF expects Azerbaijan's current account surplus to remain until 2028

According to the International Monetary Fund (IMF), the current account surplus of Azerbaijan's balance of payments will amount to 7.8% of GDP in 2025, Report informs referring to the IMF.

The current account surplus will decrease to 4.9% of GDP in 2026 and to 1.3% of GDP in 2027.

A current account deficit of 1.7% of GDP is projected by the end of 2028, which will increase to 2.5% in 2029.

In 2024, the country's current account surplus amounted to $4.7 billion, which is equal to 6.3% of GDP. The World Bank forecasts Azerbaijan's current account surplus at 11.6% of GDP in 2025.

In the following years, the bank expects this indicator to decrease: in 2026 to 5.4% of GDP, in 2027 to 3.8% of GDP, in 2028 to 3.6% of GDP, and in 2029 to 3.4% of GDP.

According to the forecasts of the Azerbaijani government, the current account surplus in 2025 is expected to be at the level of 5.6% of GDP. In 2025-2028, taking into account the forecasts for oil and gas production, the current account surplus will be about 3% of GDP per year.

The Central Bank of Azerbaijan expects a current account surplus of the balance of payments at $5.5 billion by the end of 2025.