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World Bank: Azerbaijan is one of few countries with a current account surplus

04 December 2025 10:55 (UTC +04:00)

Although net capital outflow from Azerbaijan increased in 2024, the country maintained a current account surplus, APA-Economics reports, citing the World Bank.

It was noted that in 2024, net dept outflows occurred in Vietnam, Kazakhstan, Egypt, Argentina, and Azerbaijan. This is explained by the fact that funds leaving these countries exceeded the incoming funds.

Nevertheless, the World Bank emphasizes that Azerbaijan is one of the few countries to achieve a surplus in the current account. In the LMIC (low- and middle-income countries) group, only 23 countries had a current account surplus in 2024, and Azerbaijan is among them. The surplus is related to the country’s high revenues from energy exports.

According to the report, in 2024, approximately 75% of LMIC countries faced a current account deficit. A decline in foreign trade revenues, geopolitical tensions, and uncertainty in global trade policies are cited as the main risks that could affect the export revenues of these countries, including Azerbaijan.

It is emphasized that except for China, LMIC countries have consistently operated with a current account deficit since 2008. However, due to energy exports, Azerbaijan has remained outside this trend.