Current account balance/GDP ratio in Azerbaijan declines

Current account balance/GDP ratio in Azerbaijan declines
# 18 December 2012 11:57 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Current account balance/GDP ratio in Azerbaijan made 29.0% in January-September, 2012, down 12.7 percentage points from previous year.

Note that current account balance/GDP ratio was 34.2% in 2011, 31.6% - at the result of the two quarters of 2012.

This annual decline was related with decrease of current account balance compared with three quarters of previous year. So, this index dropped $2,906 bln or 20.1%.

Note that current account balance/non-GDP ratio made 57.5% on three quarters, down 26.5 percentage points.

#
#

THE OPERATION IS BEING PERFORMED