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IMF: Azerbaijan's current account to remain in surplus in 2026–2027
- 20 February, 2026
- 16:12
The current account of Azerbaijan's balance of payments is expected to record an average annual surplus of 1.25% of GDP in 2026–2027, according to forecasts from the International Monetary Fund, cited by Report.
The IMF estimates that the current account surplus reached 5.4% of GDP in 2025, and projects it at 2.1% of GDP in 2026 and 0.4% of GDP in 2027.
Starting in 2028, the Fund forecasts a shift to a deficit of 0.2% of GDP, which is expected to persist in 2029. The deficit is projected to widen to 0.4% of GDP in 2030 and 0.7% of GDP in 2031.
For context, in 2024 the current account surplus amounted to $4.7 billion, or 6.3% of GDP.
According to the Central Bank of Azerbaijan, in January–September 2025 the current account surplus reached $3.02 billion, or 5.4% of GDP. By the end of 2025, it is expected to total $3.7 billion, assuming an average oil price of around $70 per barrel.
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