Bank Of Baku

Azerbaijan's current account surplus increases sharply

Azerbaijan
# 17 March 2022 10:06 (UTC +04:00)

In 2021, Azerbaijan's current account surplus amounted to $ 8.292 billion. USD or 15.2% of GDP, APA-Economics reports citing the Central Bank.

According to the information, the current account surplus in the oil and gas sector increased by 2.8 times compared to last year and made 14 billion manats, while the current account deficit in the non-oil sector increased by 7.7% to $ 5.7 billion. dollars.

Notably, the current account deficit in 2020 amounted to $ 227.6 million or 0.5% of GDP. In 2019. In 2019, there was a surplus of $4.4 billion.

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