Next year, deficit of Azerbaijan’s current operations’ account to account for 3,1% of GDP - FORECAST

Next year, deficit of Azerbaijan’s current operations’ account to account for 3,1% of GDP - FORECAST
  • Clock-gray 11:45
  • calendar-gray 03 September 2020

It is forecasted that in 2021, the ratio of the deficit of the current operations’ account of Azerbaijan’s payment balance to the GDP will make up 3,1% or $ 1 377,2 mln., APA-Economics reports citing the statement of the Ministry of Finance regarding initial indicators of the state and round-up budgets of Azerbaijan for 2021.

 

According to the initial forecasts, during this year, this indicator will make up $1 539,6 mln. or 3,7%.

Note that although the deficit of the current operations account was expected to account for 1,1% of the GDP in 2022, it is anticipated that during 2023 and 2024, this indicator will change for surplus and will account for 1,4% and 2,3% of the GDP.

Remind that according to results of I quarter of this year, the surplus of current operations account of Azerbaijan made up AZN 1,1 bln. This accounts for 6% of the GDP. According to outcomes of 2019, this indicator accounted for 9,1% of the GDP.

Mirsaid İbrahimzade

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