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ING's highest forecast: Azerbaijan's current account surplus to reach 11% this year

12 June 2026 15:30 (UTC +04:00)

The Netherlands' largest financial group, ING Bank, forecasts that Azerbaijan's budget surplus will reach 5% of GDP and its current account surplus will reach 11% of GDP in 2026, ING's assessment of the Azerbaijani economy said, APA-Economics reports.

The bank notes that Azerbaijan remains one of the countries benefiting most from high energy prices. According to ING's assessment, higher energy revenues and the expansion of energy diplomacy remain the country's key advantages.

The report emphasizes that high energy prices will strengthen Azerbaijan's external and fiscal reserves.

ING notes that Azerbaijan has recently taken significant steps toward the development of its trade and energy routes. In particular, opportunities to attract international investment to the Azeri-Chirag-Gunashli field are being considered, a 15-year agreement has been signed with Türkiye on gas supplies from the Absheron field, and the Baku-Supsa route is being evaluated as an alternative export channel for Kazakhstan.

At the same time, the bank considers Azerbaijan's relatively high sensitivity to the transmission of inflationary pressures from its trading partners and the weak pace of GDP growth as the main risk factors.

It should be noted that ING has the highest forecast for Azerbaijan's current account surplus for 2026.

Rahim Tariverdiyev

Azerbaijan ING Bank ING forecast current account surplus budget surplus GDP economy APA-Economics energy prices energy revenues energy diplomacy fiscal reserves external reserves Azeri-Chirag-Gunashli Absheron field Baku-Supsa Kazakhstan inflation economic growth trade routes energy routes