IMF revises forecast for Azerbaijan's current account surplus

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

As Report informs with reference to the IMF, in 2026 this indicator will decrease to 4.1% of GDP. The forecast for 2025 remained unchanged, while expectations for 2026 were revised downward by 0.8 percentage points.

By the end of 2027, the current account surplus will amount to 1.3% of GDP. In the future, the fund predicts a transition to a current account deficit: in 2028 it will be 1.7%, and in 2029 it will increase to 2.5% of GDP.

In 2024, Azerbaijan's current account surplus amounted to $4.7 billion, which is equivalent to 6.3% of GDP.

The World Bank gives a more optimistic forecast for 2025 - 11.6% of GDP. However, in subsequent years it also expects a gradual decrease: to 5.4% of GDP in 2026, 3.8% in 2027, 3.6% in 2028, and 3.4% in 2029.

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 expected volumes of oil and gas production, the surplus will be at an average level of about 3% of GDP annually.

The Central Bank of Azerbaijan predicts that by the end of 2025, the positive balance of the current account will amount to $5.5 billion.