"The current account surplus (CAS) accounting for more than 5% of GDP indicates the country's economic resilience," said Director General of the Central Bank of Azerbaijan, Vugar Ahmadov, APA reports.
He noted that the country's external sector is favorable. The Central Bank forecasts a current account surplus of $5.5 billion in 2025. The ongoing normalization process indicates that the current account surplus will remain around $5 billion in the medium term. This positive outlook is a supportive factor for overall macroeconomic stability.
Regarding the impact of oil prices on the current account balance, Vugar Ahmadov said that people may react episodically to a drop in oil prices over a day or ten days. However, the balance of payments covers an annual period.
"We do not see any serious threat to macroeconomic stability," the director general added.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
