Azerbaijan's current account balance of payments will be in surplus by 2027, this was stated in the report of the International Rating Agency "S&P Global Ratings" on the approval of Azerbaijan's sovereign credit ratings, APA-Economics reports.
S&P has lowered its forecast for the CAB's current account surplus to 6.9% from 10.3% this year, to 2.7% from 6.9% in 2025, and to 1.2% from 5.7% in 2026.
The rating agency has replaced its previous 4.6% surplus forecast with a 0.2% deficit for 2027.
The rating agency also lowered its forecast for the trade balance to GDP ratio from 17% to 13.6% this year, from 14.3% to 9.4% in 2025, from 13.2% to 7.8% in 2026, and from 12.2% to 6.3% in 2027.
It should be noted that CBA Chairman Taleh Kazimov announced at a press conference on November 1 that the CBA's surplus will be $5.3 billion by the end of 2024, and $5.5 billion in 2025.
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