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Azerbaijan’s current account surplus expected to reach $5.5 billion this year, says Central Bank chief

Chairman of the Central Bank of Azerbaijan Taleh Kazimov

© APA | Chairman of the Central Bank of Azerbaijan Taleh Kazimov

06 May 2026 11:28 (UTC +04:00)

Azerbaijan’s current account surplus is expected to reach $5.5 billion this year, Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov said during a press conference held today, APA-Economics reports.

He noted that the CBA forecasts a current account surplus of $4.4 billion in 2027.

“The main reason for this is the CBA’s new forecast for oil and gas prices. Thus, the Central Bank has set the average oil price at $84.5 for 2026 and $74.5 for 2027. The price of one thousand cubic meters of gas is forecast at $324 for 2026 and $290 for 2027,” he said.

Rahim Tariverdiyev

Azerbaijan Central Bank of Azerbaijan Taleh Kazimov current account balance surplus oil prices gas prices economy forecasts finance APA-Economics

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