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Azerbaijan’s primary income balance deficit decreases by nearly 16%

15 September 2026 13:53 (UTC +04:00)

In the first six months of this year, the oil and gas sector recorded a deficit of $1.4 billion in the primary income balance, while the non-oil and gas sector recorded a surplus of $0.5 billion, APA-Economics reports, citing the Central Bank of Azerbaijan.

As a result, the deficit in the primary income balance decreased by 15.8% to $0.9 billion.

The total turnover of receipts and payments on primary income amounted to $4.7 billion. Of this, 59.7%, or $2.8 billion, consisted of payments from Azerbaijan to non-residents. The main part of this amount consisted of the repatriation of income attributable to foreign investors ($2 billion, including $1.8 billion repatriated by international oil and gas consortia mainly in the form of crude oil and natural gas), interest paid to non-residents on securities portfolios ($114.9 million), interest paid for the use of foreign loans ($242.8 million), and other payments ($467.8 million).

The CBA noted that since the majority of other payments ($306.6 million) entered the country’s economy in the form of reinvestment (reinvestment in the country of interest income earned in Azerbaijan), they were recorded under the foreign direct investment item.

Ilaha Salimova

Azerbaijan Central Bank of Azerbaijan CBA primary income balance oil and gas sector non-oil and gas sector foreign investors foreign direct investment economy